Build-To-Order (BTO) flats are HDB flats that are built based on the percentage of bookings of apartments. If more than 60% of the apartments in the BTO flats have been booked, then construction will begin right away. Otherwise, construction won’t push through. Because there needs to be a demand first prior to this type of real estate property being constructed, there is a particular wait time for BTO flats. Once HDB receives the sufficient number of qualified applicants, they will then have to wait another three to four years before the building is even constructed.
Tag: BTO flats
What are the Types of BTO Flats?
Are you planning to get a flat but do not know yet which one suits your need? Indeed, there are various factors that can influence your decision when buying a house. So, we made this guide for you to make the work easier.HDB has a wide variety of 99-year lease flats to cater to different household sizes and budgets. It includes the Executive Condominiums (EC) which are built by private developers and come with a 99-year lease. ECs also offer facilities and designs similar to private condominiums.