BTO accommodations are released 4 times a year, usually around February, May, September and November. As the head, HDB will announce the launch six months in advance, with an overview of upcoming launch details, including a map of the area and types of units available. You can use this preview period to decide if you want to apply for the apartments for sale. Now that you probably have a BTO apartment on the horizon, it`s time to look for someone to lend you money to finance it. You must receive all your credit documents to sign the lease. Selection begins 1 to 2 weeks after the ballots are published and depends on your queue position. Down payment at the signing of the lease: 5% in cash – 5% with CPF OA Savings or Cash You may also be eligible for the staggered payment scheme. As the name suggests, you can pay half the down payment if you sign your lease, and the other half if you sign the terms and get your keys back. In the order of the queue number, candidates are called 1-2 weeks after the election results are published by an HDB representative at the Toa Payoh HDB hub. This HDB officer will accompany you for the rest of your BTO trip.

The signing of a rental agreement is for dwellings that are still under construction and the key to the dwellings already concluded. For many Singaporeans, buying an orderly building apartment (BTO) is an important step. After all, this is the first home you will buy and a great financial commitment. The BTO apartments are new HDB apartments with a new 99-year lease. BTO housing is usually launched before it is built. During each sales year, licensed buyers book a home and commit to buying, then wait about 2.5 to 4 years before the property is built. You must sign the lease within four months of booking an apartment. Make sure you have your credit arrangements in order until that date. Sign the rental contract or collect the keys to the apartment, a few months after choosing an apartment.

On the day you sign the lease, you must pay the down payment as well as stamp fees and legal fees. In general, most people prefer HDB bank loans because it is the most stable option. To qualify, you must check the box: BTO-Flat candidates for the first time, who buy as a family nucleus or engaged couple, are entitled to the Enhanced CPF Grant, which makes buying a BTO much more affordable. The legal fees would include both the transportation and the registration fees for caveat registration. Special CPF Housing Grant (Nov 2015 – Nov 2019) The collection tax is based on your flat type and is subject to GST. Promotion fee: 1.30,000 USD 0.90 USD per 1000 USD 2. $30,000 USD 0.72 per $1000 purchase price balance $0.60 per $1000. At some point, HDB will let you know that you can pick up the keys to your device.