Chances of First-time Couples Applying for and Securing an HDB BTO Flat
Ministry of National DevelopmentSpeakers
Transcript
20 Mr Zainal Sapari asked the Minister for National Development (a) what is the estimated average number of times in 2016 which a first-time couple applying for a HDB BTO flat will get a favourable queue number; and (b) which are the new BTO developments that will give a higher chance for first-time applicants to secure a BTO unit.
Mr Lawrence Wong: The selection exercises for Build-To-Order (BTO) flats launched in 2016 are still in progress. Nonetheless, most first-timer families applying for flats in the non-mature estates should be able to select a flat within their first or second application, and definitely on their third try.
In general, first-timers have a higher chance to select a BTO flat in the non-mature estates as application rates are lower. Moreover, BTO developments in the non-mature estates are planned with a good range of amenities and transport links and are mostly more affordable for young couples. Buyers may also enjoy up to $40,000 in Special Central Provident Fund (CPF) Housing Grant when they apply for a 4-room or smaller flat in the non-mature estates.
To maximise their chance of success, buyers may wish to refer to the application rates for each town before submitting their application. Application rates are regularly updated on the Housing and Development Board (HDB) InfoWEB during the application period.