get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Listings

Connect with sellers through our app

RESOURCES

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

Affordability Calculator

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Connect with buyers through our app

RESOURCES

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell my HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

HOME E-VALUATION

For tenants

Rent with an Agent

Dedicated experts at your service

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to selling condo/landed

For landlords

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

RESOURCES

How to Lease an HDB

A step-by-step guide to renting HDB

How to Lease a Private Property

A step-by-step guide to selling condo/landed

Do it yourself

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

DIY 100% Free, No hidden or success fee

Buying your dream home in Singapore?
Share on facebook
Share on twitter
Share on email
Share on whatsapp

Buying a BTO 101: A Step-by-Step Guide

Ohmyhome

Ohmyhome

Share on facebook
Share on email
Share on whatsapp

Read up on the latest Build-to-Order (BTO) launches in 2019 and excited to start balloting? Or perhaps you and your significant other are planning to tie the knot and find a new family home? If you’re a newbie to the balloting process for BTO flats and in need of some guidance, this step-by-step guide is for you.

1. Check your eligibility

We can’t emphasise this enough – it is so important to ensure that both you and your partner meet the criteria to buy and own a BTO flat. According to HDB, you must be at least 21 years old, a Singapore citizen (while your partner can either be a local or SPR), within the income ceiling of the flat type you intend to buy (whether it be a 2-room flexi, 3 room or bigger) and that neither of you own an existing property.

One exception is that your spouse can be a non-citizen if you’re applying for 2-room flats in non-mature estates. If this all checks out, you’re ready for step 2.

2. Get started on your financial planning

Think it’s time to ballot for your BTO? Not so fast! There’s a number of fees to set aside and prepare for before you do:

Type of Fees Amount
Option fee
  • For 2-room flexi – $500
  • For 3-room flat – $1000
  • For 4/ 5-room – $2000

Payable by NETS
Refundable

HDB Loan Downpayment 10% of Valuation
5% cash + 5% CPF/cash
Legal Conveyancing fee
  • Minimum fee of $20
  • Based on the purchase price of the HDB flat. Ohmyhome HDB sale legal conveyancing is from $1800 nett.
  • Payable by CPF, NETS or Cashier’s Order

You can use Ohmyhome in-app Stamp Duty Calculator to find out how much is your BSD. Download Ohmyhome, under the ‘Services’ section, choose Calculator.

3. Get your queue number

Eligible to be an HDB BTO flat owner? Cue ballot time. You can do so by visiting the HDB InfoWEB site. Be prepared to pay a $10 fee for each ballot you submit which will not be refundable no matter if your ballot is successful or not.

The ballot window will only be open for a week so don’t delay. Once it’s done, the queue number you’ll receive is often a good indicator of whether you’ll be able to get a unit. Should it be higher than the number of available units, your chances of getting a flat is significantly lower. But don’t let it get you down, there’s always more opportunities to ballot.

4. Check the results of your application

You can stay updated on the outcome of your BTO application by logging into the HDB InfoWEB site.

5. Sign up for a home loan

If you’ve reached this stage, that means your one of the lucky ones whose balloted queue number did not exceed the number of available flats! This comes at a (literal) price. How to pay for it? You can either take a HDB loan or bank loan.

Assuming you’re taking a HDB loan, the next step is to submit an HDB Loan Eligibility (HLE) application. If you’re eligible for the loan, you’ll successfully obtain the HLE letter. Don’t forget to bring along your HLE when it’s time to select your BTO flat.

6. Select your flat

Once you’ve reached this step, you will be invited by the HDB to place a booking on your desired flat. You are encouraged to ensure the availability of the BTO flat before coming down for an appointment. Do note that there will also be an option fee payment that comes with booking a flat that must be paid via NETS.

7. Research on grants you’re eligible for

Are you a first-timer? Generally, you qualify as one if you’ve never found yourself on the receiving end of HDB housing subsidies. There are two CPF housing grants available for you, namely the Additional CPF Housing Grant (AHG) and Special CPF Housing Grant (SHG).

Can’t tell the two apart? SHG is only for 2-, 3- and 4-room flats purchased in non-mature estates. In short, they depend on the average gross monthly income in the 12 months leading up to your BTO application. This means a lower income household will fetch a higher AHG and/or SHG than a higher income household. Do your research!

8. Sign the Agreement of Lease

The end is in sight and your future abode is within grasp. At this point, you will be invited to sign the Agreement for Lease. Don’t forget to bring along a valid HLE and pay a downpayment of 10% (cash and/or CPF) for those who chose the HDB home loan route. On top of that, do note of the legal fees and stamp fees (also via cash and/or CPF) to be paid at this stage of the BTO process.

9. Get your keys

Received a key collection invite from HDB? Congratulations, you’re officially an owner of a BTO flat. After a waiting period that typically lasts 2-3 years, you will be handed over the keys once your flat is completed. This is also when you pay the remainder of the flat cost (minus the initial downpayment, stamp duty and legal fee) which can be made through CPF and cashier’s order.

Welcome home!

All these steps have led up to this moment! You’ve done the hard work, now it’s high time you live out the rest of your days (or at the very least your MOP) cherishing your beautiful home and the loved ones you’ll share it with.

There you have it, aspiring BTO homeowners. When it comes to BTO flats, patience is a virtue. The waiting period you’ll have to endure will eventually be rewarded with a cost-effective HDB home that you and your loved ones will move into and create invaluable memories that will last a lifetime.

Prefer taking a bank loan? Talk to our Mortgage Specialist to learn more about the 5-year fixed interest rate package. You may also call our hotline at 6886 9009.

Sources: HDB – Application Procedure, HDB – Costs and Fees, HDB – Application Status, HDB – HDB Flat, HDB – Balloting Process, Straits Times, Income


Related posts:

Subscribe Now

Get a notification every time we upload a new blog post.

DIY 100% Free, No hidden or success fee

Buying your dream home in Singapore?

Featured Blogs

Your one-stop guide for must-know HDB tips

get an agent

Buy with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

Do it yourself

Browse New Launch Condos

Find new units for sale

Browse Resale Properties

Download the app and speak directly to sellers

RESOURCES

Affordability Calculator

Calculate required tax for selling

Calculate Buyer’s Stamp Duty

Find the amount payable when buying

How to Buy an HDB

A step-by-step guide to buying HDB

How to Buy a Private Property

A step-by-step guide to buying condo/landed

bUY OVERSEAS

get an agent

Sell with an Agent

Dedicated experts at your service

Documentation Services

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with buyers

RESOURCES

Free Home E-Valuation

Know the value of your property in seconds!

Calculate Seller’s Stamp Duty

Find the amount payable when selling

How to Sell an HDB

A step-by-step guide to selling HDB

How to Sell my Private Property

A step-by-step guide to selling condo/landed

get an agent

Rent with an Agent

Dedicated experts at your service

do it yourself

Browse Rental Listings

Download the app and connect with landlords

RESOURCES

How to Rent an HDB

A step-by-step guide to renting HDB

How to Rent a Private Property

A step-by-step guide to renting condo/landed

get an agent

Lease with an Agent

Dedicated experts at your service

Lease Documentation

Leave the paperwork to us

do it yourself

Post a Listing for Free

Download the app and connect with tenants

RESOURCES

How to Lease my HDB

A step-by-step guide to renting out an HDB

How to Lease my Private Property

A step-by-step guide to renting out condo/landed

FEATURED ARTICLES

Ohmyhome Raises US$5M in Series A+ Funding

Ohmyhome, the leading Property 
One-Stop Shop Platform

ARTICLE CATEGORIES

HDB

All things about public housing

Private Property

All things about private property

Home Improvement

Guides for must-know reno tips

Financing

All about mortgage solutions

Towns

Singapore townships in focus

Client Stories

Success stories from customers

Founders’ Message

From the desks of Rhonda & Race Wong

Social media

Other