We sell your home at
better prices
record speed
only 1% commission

65% of HDBs and condos sold in a month.

The top 1% of agents in Singapore to help you find your home

That’s why we sold HDBs and condos above market price.

Maximize the sale of your home

Get expert advice with 1% commission, more profit.

No fees until we sell your home*
*Terms & Condition apply.

Property News: 16,000 to 17,000 BTO Flats will be Launched in 2020 to Meet Growing Demand


Follow us on

Join our Telegram channel and follow our Facebook page for the latest property updates.

If you and your partner are planning to try your luck by applying for your first BTO flat at the start of a new decade, you can look forward to a higher chance of getting a successful queue number with the increased number of BTO flats available!

On 16 December 2019, the Ministry of National Development (MND) announced that about 16,000 to 17,000 BTO flats will be launched in 2020 to meet higher demand. This is noticeably more than the 14,600 BTO flats launched in 2019. Around 3,000 more to be exact.

The announcement came after a series of policy changes that have effectively increased demand for public housing.

Raised Income Ceiling

In September, income ceilings for HDB flats and Executive Condominiums (ECs) were raised to $14,000 and $16,000 respectively to allow more households to qualify for homeownership.

Enhanced CPF Housing Grant (EHG)

Additionally, the Enhanced CPF Housing Grant (EHG) was also introduced in September. Announced as a replacement of the Additional CPF Housing Grant and Special CPF Housing Grant – you can even think of it as a combination of the two – this Grant boasts a higher income ceiling to include more families looking to buy a home for the first time.

First-timer families with a monthly household income of up to $9,000 can look forward to a Grant amount of up to $80,000. This is based on the condition that the home’s balance lease will be able to last them up to the age of 95. If the balance lease falls short of this, the EHG amount will be pro-rated.

According to the blog post posted by MND Minister Lawrence Wong, around 150,000 families have booked or gotten the keys to their first home over the last five years.
If you can’t make up your mind about whether to take the plunge by applying for a BTO, 2020 is looking to be your year!

Before your submission, don’t forget to read all about the pros and cons of buying a BTO and our step-by-step guide to buying a BTO!

Source: MND

While the Information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the Information. The Information may change without notice and Ohmyhome is not in any way liable for the accuracy of any information printed and stored or in any way interpreted and used by a user.

Follow us on

Join our Telegram channel and follow our Facebook page for the latest property updates.

Subscribe to the property newsletter read by 200,000 homies
Get our finest insights sent straight to your inbox. Enter your best email.
Unsubscribe anytime.

Consult an expert for free!

Send us your details and we’ll be in touch within 15 min (daily 9am to 9pm GMT +8).

Our finest insights you'll be looking forward to receive.

Read by 200,000 Homies. Enter your best email below to join in.

Unsubscribe anytime.


Related Blogs

Highlighting unique property views for every Singaporean