Should I apply for my BTO as early as possible?

Hey there! Yes, if you found a location you like, just apply for it first, no harm actually. In fact, there wouldn't be much downside initially as your CPF will be used for the downpayment. Me and my fiancee applied BTO once we were straight out of uni, no issues and our downpayment was covered by CPF. As long as you both like the location, go for it!

Hi congrats!

I am assuming u guys know each other is marriage material and ready for one another for a great partnered life, congratulations!

If its me, I will go ahead with BTO, because there are YEARS to get a ready to move into condition. You need time to find a decent BTO, apply, and then pray u get the ballot. Unless you are choose less popular but far flung BTO. For popular BTO, chances are you are going to fail fail fail until you get lucky.

Once you got it, you got to wait 2 - 3 yrs then its up, and additional renovation and furniture so you probably have 3 - 4 yrs of period to save up for the big move.

3 to 4 yrs to save up is a good period!

1. if you take HDB loan, good news is no cash deposit needed. Only CPF. (if ur hdb is not big size, and 2 partners CPF for 2-3 yrs is sufficient) great!

2. hdb loan 2.6%, much higher than current bank loan of 1.8% now

3. bank loan requires 25% deposit out of which 5% must be in cash.

4. Best part of applying when you are young? your income is much lower than 5 yrs later or 10 yrs later, so.. you get more GOVT GRANT which is based on your income level.

Thats is what i would do. you can plan with your partner and see if that works out.

If you have found the right bto, better to get it earlier. You will be able to get extra grant with a lower salary.

Ultimately, you might want to plan ahead first before applying, although applying at an early age certainly give you the most perks in terms of grant, and time. So for you and your partner, you might want to determine your planned marriage age, then work backwards as it will allow you to know "ideally" when you should apply your BTO (assuming BTO takes 3 yrs to fully build).

E.g. if you and your partner thinks that you want to get married 5 to 6 yrs down the road, then it might be a bit too early if you're applying for your BTO now. Take it slow and enjoy your relationship and romance, take time to build up your career then you will know/devise the right action plan accordingly.