{"id":104793,"date":"2019-03-08T12:59:02","date_gmt":"2019-03-08T05:59:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-bto-projects-to-be-announced-earlier-balloting-time-shortened\/"},"modified":"2019-03-08T13:02:55","modified_gmt":"2019-03-08T06:02:55","slug":"new-bto-projects-to-be-announced-earlier-balloting-time-shortened","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-bto-projects-to-be-announced-earlier-balloting-time-shortened\/","title":{"rendered":"New BTO projects to be announced earlier, balloting time shortened"},"content":{"rendered":"


\nHDB will start sharing information about upcoming BTO projects six months in advance, instead of the current three months.
\nThose looking to buy Build-to-Order (BTO) flats will now have more time to plan ahead as the Housing and Development Board (HDB) will share information about upcoming BTO projects six months in advance.
\nHDB currently announces upcoming BTO projects three months in advance.
\n\u201cThis means that for the upcoming BTO exercise in May, we will share the list of BTO sites for both the August and the November 2019 launches,\u201d said National Development Minister Lawrence Wong on Thursday (7 Mar) during the Committee of Supply debate.
\n\u201cI hope that this change will help flat buyers make more informed choices on their application.\u201d
\nStarting from the May 2019 BTO exercise, the balloting time for BTO flats will also be reduced from six weeks to three weeks.
\nWelcoming the changes, Eugene Lim, key executive officer at ERA Realty Network, said the shorter balloting time will enable unsuccessful applicants to re-evaluate their housing choices without having to wait for more than a month.
\nTo support lower-income families, the coverage of the Step-Up CPF Housing Grant (SUHG) of $15,000 will be extended to include three-room resale flats within non-mature estates.
\nThe grant will also be extended to second-timer families living in public rental flats who intend to buy new or resale 2-room or 3-room flats in non-mature estates.
\n\u201cThe extension of the Step-Up CPF Housing Grant will certainly benefit those who have more urgent housing needs, as they now receive a subsidy for the purchase of a resale three-room flat,\u201d noted Lim.
\nThe grant is currently disbursed to the buyer prior to the signing of the Agreement for Lease. With the changes, HDB will now \u201cdisburse the grant before the key collection for their new flat\u201d.
\n\u201cThis will help to ensure that the buyers are financially ready for home ownership,\u201d explained HDB.
\nHDB will also set up the Home ownership Support Team (HST) that will advise rental tenants who are ready to purchase a flat on their housing budget and options, the schemes and grants available to them, as well as the flat-buying process.
\nAdditionally, the Fresh Start Housing Scheme will also be enhanced.
\nTo help Fresh Start Families, the Ministry of Social and Family Development (MSF) will appoint a service provider that will run the support programme. Flexibility will also be given to families that \u201cmay not qualify for Fresh Start but demonstrate good potential and motivation for it\u201d.
\n\u201cThe age limit for the youngest child will now be increased to age 18 to benefit more families,\u201d revealed HDB. It noted that the new age limit will also apply to the Parenthood Priority Scheme (PPS) and ASSIST, or the Assistance Scheme for Second-Timers (Divorced\/ Widowed Parents).
\nMeanwhile, divorcing parties looking to apply for a flat \u201cwill no longer have to wait until they have obtained the Final Judgement of divorce\u201d.
\n\u201cInstead, starting from the May 2019 sales exercise, divorcing parties can apply for a new flat from HDB if they have obtained an Interim Judgement of divorce and have settled the ancillary matters on their matrimonial property, and the custody, care and control of their children,\u201d said HDB.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New BTO projects to be announced earlier, balloting time shortened<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HDB will start sharing information about upcoming BTO projects six months in advance, instead of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104793","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rgd","jetpack-related-posts":[{"id":101231,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nov-hdb-bto-launch-which-projects-are-the-most-attractive\/","url_meta":{"origin":104793,"position":0},"title":"Nov HDB BTO launch: Which projects are the most attractive?","date":"November 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Plantation Grove in Tengah. Source: HDB The Housing and Development Board (HDB) launched 3,802 Build-To-Order (BTO) flats for sale on Tuesday (13 Nov) under its latest sales exercise. \u201cThe final launch of BTO (flats) for 2018 sums up to a grand total of 15,811 units, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/11\/Nov-2018-BTO-Sales-Exercise.jpg?fit=624%2C316&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":116814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-7800-bto-flats-in-august-sales-exercise\/","url_meta":{"origin":104793,"position":1},"title":"HDB to offer 7,800 BTO flats in August sales exercise","date":"June 1, 2020","format":false,"excerpt":"\r The BTO exercise which was originally scheduled for May, will be combined with August\u2019s launch.\u00a0 The Housing and Development Board (HDB) will combine the Build-To-Order (BTO) exercise originally set for launch in May with the August BTO exercise, it said in a release on 29 May. This means HDB\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4989-bto-flats-more-than-half-in-mature-estates\/","url_meta":{"origin":104793,"position":2},"title":"HDB launches 4,989 BTO flats, more than half in mature estates","date":"August 12, 2021","format":false,"excerpt":"\r Applicants can expect to wait between 37 to 67 months for the seven projects in the August 2021 BTO launch to\u00a0be completed. A total of 4,989 Build-To-Order (BTO) flats across seven projects in Jurong East, Hougang, Queenstown, Kallang Whampoa and Tampines were launched for sale by the Housing and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/AUGUST-BTO-2021.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":139803,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/october-2023-bto-launch-details-upcoming-december-2023-bto-launch-information-hfe-letter-delays-and-more\/","url_meta":{"origin":104793,"position":3},"title":"October 2023 BTO Launch Details, Upcoming December 2023 BTO Launch Information, HFE Letter Delays, and More","date":"October 10, 2023","format":false,"excerpt":"\r October 2023 BTO Launch Details, Upcoming December 2023 BTO Launch Information, HFE Letter Delays, and More3 to 9 October 2023 Singapore saw private home prices marginally increase by 0.5% in Q3 2023, following a 0.2% decline in Q2 2023. Meanwhile, HDB resale flat prices rose 1.2% in Q3 2023,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/10\/plantation-weave-parc-meadow-tengah-may-2023-bto-launch-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":107397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6753-flats-in-may\/","url_meta":{"origin":104793,"position":4},"title":"HDB launches 6,753 flats in May","date":"May 23, 2019","format":false,"excerpt":"\r They comprise of 3,485 BTO and 3,268 SBF units.\u00a0 The Housing and Development Board (HDB) launched 6,753 flats for sale under its latest Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This comprises 3,485 BTO and 3,268 SBF units. 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