Looking for an alternative to BTO flats? In Feb 2024, HDB will be offering about 1,500 Sale of Balance Flats (SBF) that you can apply for. Sale of Balance flats are a good alternative for 1st and 2nd timer families applying for a subsidised flat as a bulk of the SBF supply will be allocated to this group. While singles may still have a chance, it may not be as high. Good luck and get applying!
Everything You Need to Know About Sale of Balance Flats (SBF)
- Feb 2024 SBF in Non-Mature Estates
- Feb 2024 SBF in Mature Estates
- HDB Eligibility Criteria for Sale of Balance Flats
- How to Apply for a Sale of Balance Flat
- Buying a Sale of Balance Flat vs Resale HDB
- FAQs about HDB Sale of Balance Flats (SBF)
- Don't want to risk getting rejected for a Sale of Balance Flat? Buy a resale HDB flat instead!
- Not ready to talk to an agent? Find your dream home automatically
Feb 2024 SBF in Non-Mature Estates
There’s a total of 360 2-room flexi units on offer, 45 3-room flats, 250 4-room flats, and 225 5-room flats on offer in non-mature estates this Feb 2024 SBF exercise.
| HDB Town | Tentative Completion Date | Community Care Apartment (Seniors Only) | 2-room flexi | 3-room | 4-room | 5-room | Total |
| Bukit Batok | 2014 to 2018 | 50 | 20 | 30 | 15 | 15 | 130 |
| Choa Chu Kang | Completed | – | 5 | – | 5 | – | 10 |
| Hougang | 2025 to 2026 | – | – | 5 | 10 | 10 | 25 |
| Jurong West | Completed | – | 20 | – | 20 | 10 | 45 |
| Sengkang | Completed | – | 25 | 5 | 10 | 5 | 100 |
| Yishun | 2028 to 2029 | – | 290 | 5 | 190 | 185 | 670 |
Important Note: These Sale of Balance Flats on offer in Feb 2024 may be subject to change, and may be further reduced during the selection exercise depending on the availability of units. Also, make sure you know your HDB ethnic quota before applying to have the best chance of getting your SBF unit of choice.
Make sure to submit your HFE letter and all required documents by 15 January 2024 if you want to apply for any of the Sale of Balance Flats on offer in Feb 2024.
Sale of Balance Flats (SBF) Exercises by Year and Number of Units
| Year | Month | Number of Units |
|---|---|---|
| Sale of Balance Flat 2024 | February | 1,588 |
| Sale of Balance Flat 2023 | May | 1,500 |
| Sale of Balance Flat 2022 | November | 1,071 |
| Sale of Balance Flat 2022 | May | 1,952 |
| Sale of Balance Flat 2021 | November | 1,798 |
| Sale of Balance Flat 2021 | May | 2,494 |
| sSale of Balance Flat 2020 | November | 5,220 |
Feb 2024 SBF in Mature Estates
There’s a total of 65 2-room flexi units on offer, 65 3-room flats, 275 4-room flats, and 65 5-room flats on offer in mature estates this Feb 2024 SBF exercise.
| HDB Town | Tentative Completion Date | Community Care Apartment (Seniors Only) | 2-room flexi | 3-room | 4-room | 5-room | Total |
| Ang Mo Kio | 2028 | – | 5 | – | 30 | 15 | 50 |
| Clementi | Completed | – | 5 | 10 | 5 | – | 20 |
| Kallang/Whampoa | 2026 | – | 30 | 10 | 45 | – | 85 |
| Queenstown | 2027 to 2028 | – | – | 40 | 130 | – | 170 |
| Tampines | 2025 to 2026 | – | 25 | 5 | 65 | 50 | 145 |
HDB Eligibility Criteria for Sale of Balance Flats
To qualify for a Sale of Balance Flat, you must meet the following eligibility criteria:
- Citizenship: At least one applicant must be a Singapore Citizen, and at least one other applicant must be either a Singapore Citizen or Permanent Resident.
- Age: You must be at least 21 years old. For singles, the minimum age is 35 years old.
- Income Ceiling: Your household income should not exceed $14,000 if you are applying as a family or $7,000 if you are a single applicant.
- Property Ownership: You must not own or have disposed of any private residential property within 30 months before the date of application. Additionally, you should not have bought two or more subsidized flats previously.
- First-Timer or Second-Timer Status: A bulk of the SBF supply is allocated to first-timer and second-timer families, so your chances are higher if you fall into these categories.
How to Apply for a Sale of Balance Flat
- Check Your Eligibility: Ensure you meet all the eligibility criteria mentioned above.
- Submit Your Application: Applications are typically open for a week, so keep an eye on the HDB website for announcements. You can apply online through the HDB portal.
- Pay the Administrative Fee: A non-refundable administrative fee of $10 is required for your application.
- Wait for the Results: After submitting your application, you’ll need to wait for the ballot results. This can take a few weeks.
- Select Your Flat: If your application is successful, you’ll be invited to book a flat based on your ballot queue position. This selection process is done in order of queue number.
- Sign the Agreement for Lease: Once you’ve selected your flat, you’ll need to sign the Agreement for Lease and pay the down payment.
- Collect Your Keys: Finally, upon completion of the flat, you can collect your keys and move into your new home!
Buying a Sale of Balance Flat vs Resale HDB
When deciding between a Sale of Balance Flat (SBF) and a Resale HDB, consider the following factors:
| Feature | Sale of Balance Flat (SBF) | Resale HDB |
|---|---|---|
| Availability | Limited supply, only during SBF exercises | Available year-round in the market |
| Location | Various locations, including mature and non-mature estates | Choice of specific locations |
| Flat Condition | New or almost new | Older, may require renovation |
| Price | Generally lower due to subsidies | Market price, may be higher |
| Wait Time | Shorter than BTO, but may still need some waiting | Immediate move-in |
| Grants | Eligible for CPF housing grants | Eligible for CPF housing grants |
| Selection Process | Ballot system | Open market negotiation |
Both options have their pros and cons, so consider your priorities and choose the one that best suits your needs.
FAQs about HDB Sale of Balance Flats (SBF)
What is the waiting time to get a SBF?
The waiting time for a Sale of Balance Flat (SBF) can vary. However, it is generally shorter than the wait for a Build-To-Order (BTO) flat, as some SBF units are already completed or near completion.
How many Sale of Balance exercises in 2024?
In 2024, there are typically two Sale of Balance Flat (SBF) exercises, one in May and another in November, but the exact dates can vary. Keep an eye on the HDB announcements for the specific dates.
Is SBF more expensive than BTO?
Sale of Balance Flats (SBF) are generally priced higher than Build-To-Order (BTO) flats due to their nearer completion or ready status, but they are still subsidized, making them more affordable than resale flats.
How to apply for SBF 2024?
To apply for the 2024 Sale of Balance Flats (SBF), visit the HDB website during the application period, complete the online application form, and pay the non-refundable administrative fee of $10.
Can I apply for SBF and resale at the same time?
Yes, you can apply for both a Sale of Balance Flat (SBF) and a resale flat simultaneously, but you must ensure that you meet the eligibility criteria for both schemes and be prepared to proceed with only one option if successful.
Don’t want to risk getting rejected for a Sale of Balance Flat? Buy a resale HDB flat instead!
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