{"id":61276,"date":"2017-07-20T10:06:38","date_gmt":"2017-07-20T03:06:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-bto-flats-with-shorter-waiting-time\/"},"modified":"2017-07-20T10:09:01","modified_gmt":"2017-07-20T03:09:01","slug":"hdb-to-offer-bto-flats-with-shorter-waiting-time","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-offer-bto-flats-with-shorter-waiting-time\/","title":{"rendered":"HDB to offer BTO flats with shorter waiting time"},"content":{"rendered":"


\n\u00a0
\nTo help young couples get their new homes sooner, the Housing and Development Board (HDB) will introduce a new sales mode for balance flats and will start the construction of select build-to-order (BTO) projects ahead of their launch.
\nThe Housing Board plans to launch for sale the first batch of flats with shorter waiting time in 2H 2018 but construction is expected to start in Q4 2017.
\nThese units are targeted for completion between Q4 2020 and Q1 2021. This means buyers would only have to wait for around 2.5 years starting from the time they apply to purchase the flats, instead of about three to four years for standard BTO projects.
\nAbout 1,000 units will be offered with shorter waiting time across three projects in the non-mature estates of Yishun, Sengkang and Sembawang.
\nWhen applying for these flats, first-timer families will get higher priority. Compared to current quota of 85 percent in non-mature estates, at least 95 percent of these flats with four rooms or more will be allocated to this group.
\nAside from the shorter waiting time, these flats will come with internal doors, floor finishes and sanitary fittings. This will enable families to move in sooner and reduce the required renovation works. These units will also have an open kitchen with no partition wall.
\nWhile buyers of these flats cannot make a selection under the Optional Component Scheme (OCS), the Housing Board will continue to offer elderly fittings and furnishings for elderly buyers of two-room Flexi flats with short lease.
\nFor those that want to choose their desired fittings and finishes via this scheme, they are advised to apply for BTO projects with typical waiting time. \u00a0
\nStarting next month, the Housing Board will also introduce a new sales mode for remaining unsold unit called the Re-Offer of Balance Flats (ROF).
\nThis will help those with urgent housing needs and those less particular about the attributes and location of their units, as this sales exercise will offer unsold homes pooled together from previous Sale of Balance Flats (SBF) exercises.
\nIn total 1,394 units will be re-offered from the SBF exercise in November 2016. At least, 95 percent of these will be set aside for first-timer families, while up to five percent will be allocated to second-timers.
\nHDB intends to hold ROF exercises twice every year in February and August in conjunction with the BTO exercises for those months. Given that two SBF exercises are held alongside the other two BTO exercises in May and November, home hunters will have four chances of applying for a balance flat per year.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB to offer BTO flats with shorter waiting time<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 To help young couples get their new homes sooner, the Housing and Development Board...<\/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-61276","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-fWk","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":61276,"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":132642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-ramps-up-supply-of-private-homes-hdb-to-offer-more-bto-flats-with-shorter-wait-times-and-more\/","url_meta":{"origin":61276,"position":1},"title":"Government ramps up supply of private homes, HDB to offer more BTO flats with shorter wait times, and more","date":"December 12, 2022","format":false,"excerpt":"\r Government ramps up supply of private homes, HDB to offer more BTO flats with shorter wait times, and more6th December to 12th\u00a0December 2022 The Government has ramped up the private housing land supply on the Confirmed List under its Government Land Sales (GLS) Programme to 4,090 units for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/12\/private-homes-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":102140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-slightly-reduces-bto-supply-for-2019\/","url_meta":{"origin":61276,"position":2},"title":"HDB slightly reduces BTO supply for 2019","date":"December 10, 2018","format":false,"excerpt":"\r The BTO flat supply next year includes some 2,000 units in the new Tengah town. Source: HDB The Housing and Development Board (HDB) announced last Friday (7 Dec) that it intends to launch around 15,000 Build-To-Order (BTO) flats for the whole of 2019, down from the 15,800 units it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-4-in-q4-2019\/","url_meta":{"origin":61276,"position":3},"title":"HDB resale prices up 0.4% in Q4 2019","date":"January 2, 2020","format":false,"excerpt":"\r As such, the HDB Resale Price Index (RPI), which measures overall price movements of resale HDB flats, is now 131.4.\u00a0 Resale prices of HDB flats have continued to climb in Q4 2019, raising by 0.4% from the 0.1% increase in Q3 2019, according to the latest HDB flash estimates.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/HDB-flash-estimates-Q4-2019.png?fit=600%2C343&ssl=1&resize=350%2C200","width":350,"height":200},"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":61276,"position":4},"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":40149,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-ramp-up-bto-flat-supply-ahead-of-launch\/","url_meta":{"origin":61276,"position":5},"title":"HDB to ramp up BTO flat supply ahead of launch","date":"January 10, 2017","format":false,"excerpt":"\r The Housing Board is looking at ways to quicken construction of new flats to shorten the waiting time for buyers. (Photo: Chen Siyuan, Wikimedia Commons) The Housing and Development Board (HDB) is looking at ways on how it can advance the construction work of some Build-To-Order (BTO) projects and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/61276"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=61276"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/61276\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=61276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=61276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=61276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}