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HDB BTO

Build To Order HDB flats

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Property

Condominium

HDB BTO

Resale HDB

Family

Axib Xny
Axib Xny
Level 4. Prodigy
Updated 4w ago
Property if not used as an asset, becomes a liability. So if I own a property, I will prefer to generate cashflow and future capital gains if possible. The economics point of view. Home is where our loved ones are and is meant for staying in and creating memories. It need not be tied to a property, though in Singapore, it conventionally is. The people maketh a physical home also 'home' in the emotional and mental sense. That said, I see HDB primarily as a home then secondarily as a possible investment asset. I won't want to use it as a base asset to flip property though I might explore to rent out some rooms or conduct lessons in the home or use it as a home studio. I will see other properties (the second one, private properties, freehold, overseas) and REITs as an investment instead. In a nutshell, I will only take the risk on what I can afford to lose and not on what I cannot. One additional reason is that HDB, like CPF, is protected from bankruptcy claims. So the safety net is a draw to me as a good stable foundation, at least for my lifetime. PS: Stayed in three HDB units owned by my parents. Moved twice, once for downgrade, one for Sers.

Property

HDB BTO

Hello there! I was as lost as you when I first applied for mine. Here is some information to help you. Firstly, determine the purchase price of your property. Then calculate the stamp duty, conveyancing fee based on the purchase price. For this purpose, I have an excel sheet that does it for me. Stamp Duty First $180k @ 1% Next $180k @ 2% Next $640k @ 4% Remainder @ 4% Conveyancing Fee First $30k @ $0.90 per $1k Next $30k @ $0.72 per $1k Remainder @ $0.60 per $1k Secondly, the following four fees are payable at the time of collection of key. Lease In-Escrow Registration Fee: $38.30 Mortgage In-Escrow Registration Fee: $38.30 Stamp Duty on Deed of Assignment: $500 Survey Fee: $347.75 Next, determine the upfront downpayment that you need to pay, e.g. 10% downpayment (depending on loan) Finally, this calculator by HDB will be able to help you calculate the monthly instalment: https://services2.hdb.gov.sg/webapp/BB29MTHLY/BB29SMTHLY Personally, I do up an excel sheet that is capable of calculating everything, including my instalment and outstanding loan in the future. So it may be helpful for your learning and future reference to have your own table. =)

Property

HDB BTO

Jacqueline Yan
Jacqueline Yan
Level 5. Genius
Answered 4d ago
Hi anon, The main criterion for the Married Child Priority Scheme (MCPS) is that the flat you're applying for needs to be within 4km of either parents' property. Yeap, there will be a section for you to indicate if you are applying for any priority scheme, so you just have to select the MCPS. No supporting documents are required at the point of the application, but you'll have to fill up the personal particulars and address of the parents staying within 4km. I suppose they'll check and verify the distance on their end? I guess I was unlucky as I didn't even get a ballot with the extra chance from MCPS, but I've heard from other applicants that the parents will need to go down to HDB if the application is successful, and sign a declaration that they won't move house anytime soon? As for your last question, it's the same as a general application without any priority scheme, you don't have to be registered under ROM yet. Best of luck with your application!

Resale HDB

HDB BTO

Family

Aik Kai
Aik Kai
Level 6. Master
Answered 1w ago
I am going to put out a lot of assumptions so the community, please correct me if I am wrong. To change ownership, you need to go HDB to do the procedure. If it is fully paid up, i doubt there is any fees, maybe for some admin fees. For BTO, you might be considered as a second timer, especially if you have taken up a loan for your first flat. HDB will have records that you own a house previously so.. you are not going to be a first timer for BTO.

HDB BTO

Property

Family

Jacqueline Yan
Jacqueline Yan
Level 5. Genius
Answered 2w ago
Hi anon, From the past few launches, I'm thinking mid-Nov onwards? Best to register for their alert service like Alvin mentioned and keep checking their page. Even with a non-mature estate, it's all down to luck. But if the estate you're applying for is within 4km of your parents' flat, you'll get extra chances! Or if you've previously applied for a non-mature estate and didn't get a ballot number, you'll also get an extra chance if you apply for a non-mature estate again this round. Good luck with your application!

HDB BTO

Property

Family

Alvin Teo
Alvin Teo
Top Contributor

Top Contributor (Oct)

Level 6. Master
Answered 2w ago
Yes. But lesser ballot chance, so technically harder to get.

Property

HDB BTO

Royalchem
Royalchem
Level 5. Genius
Answered 2w ago
Failed. Ended up getting somewhere else. Quite heavily subscribe.

CPF

HDB BTO

Hi, Yes you can. More details available here: https://www.cpf.gov.sg/members/FAQ/schemes/Housing/Housing-Scheme/FAQDetails?category=Housing&group=Housing%20Scheme&folderid=11762&ajfaqid=2186682 Own time, own target.

HDB BTO

Resale HDB

Property

Family

Lifestyle

Leslie Koh
Leslie Koh
Top Contributor

Top Contributor (Oct)

Level 6. Master
Answered 3w ago
Since I don’t know what’s the surrounding of the block is, I would say go above 8 to 14th floor, assuming it’s a 15 floors block. If the majority of your windows are facing: 1) Playground 2) Badminton Court 3) MRT track or station 4) Main roads or expressways Whichever floor you’re staying at, you will get affected. Higher floors will have slightly lesser noise. As for dust, again, it depends on the surroundings, if you’re facing main roads and expressways, more dust. You can consider installing those magnetic insect nets on your windows to reduce dust, however, it will restrict wind flowing into your place. Most of your concerns are addressed based more of the surroundings than the floors itself. Except for privacy, anything above 5 I think it’s good you can’t really see in from ground level. Again, depends if there any elevated areas around your surroundings. Seems like you’re buying a new house soon. Just some tips for you: 1) Don’t take the top floor, if the block gets a lot of the sun, the ceiling will trap the heat. Think greenhouse. 2) Try to choose the sun don’t set facing your bedroom walls. Evening sun heats up your bedroom, hotter, aircon works harder to cool down the room. If possible get a unit that has more natural wind coming in. 3) Experience the surroundings on your own. Go visit the unit or the area at peak periods to see where is the noise coming from.

HDB BTO

Resale HDB

Property

Hi anon, as the BTO will only TOP in 2025, that is still 6 years away. You might want to consider the following factors: - Will you still be in your current job in 6 years? - Are you willing to wait 6 years for the BTO? - When the BTO is launched, will you still meet the income ceiling requirement? - What is the remaining lease of the resale flat should you choose this route? If it was for the purposes of proximity, personally I would want to move in sooner than later. It still takes anywhere from 3 months to 1 year to move in after you find a resale flat, especially if you wish to renovate.
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