HDB BTO Explained: What Singaporeans Need to Know
In Singapore, owning a home is a significant milestone, and the HDB Build-To-Order (BTO) scheme offers an accessible way for many to achieve this dream. Introduced by the Housing & Development Board, the BTO system allows eligible applicants to apply for new flats that are built only when there is sufficient demand.
To apply for a BTO flat, applicants must be Singapore citizens, form a family nucleus, and meet income limits set by HDB. After applying, a computer ballot selects successful applicants fairly based on demand.
The pricing of BTO flats is generally lower than resale flats due to government subsidies, easing financial burden for buyers. However, the waiting period for BTO flats can range from three to five years as construction starts after the application phase. click here
HDB launches BTO projects in various mature and non-mature towns like Bukit Batok, Sengkang, and Clementi.
The BTO scheme continues to be a cornerstone of public housing policy in Singapore, enabling residents to build their future with affordable flats.