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Thread: First-timers have good chance to book BTO flat as 40% of applicants invited to do so

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    Default First-timers have good chance to book BTO flat as 40% of applicants invited to do so

    First-timers have good chance to book BTO flat as 40% of applicants invited to do so decline: HDB

    Jun 26, 2022

    About 40 per cent of applicants who have been invited to book a Build-To-Order (BTO) flat end up declining the offer.

    This is despite robust housing demand in the past 2 years, with some of the most popular BTO projects so popular that up to 16 applicants vie for each 4-room flat available.

    The Housing Board (hdb), in a statement on Sunday (Jun 26), said applicants who are invited to book a flat should take up the offer.

    For those who turn down a chance to book a flat in the BTO or Sale of Balance Flats (SBF) exercise, any additional ballot chances accumulated from previous unsuccessful applications will be set to zero.

    HDB also said 4 in 10 BTO projects in 2020 and 2021 had application rates of 1.7 or lower, meaning that each unit only has 1.7 applicants or fewer vying for it. The flats range from 3 to 5-room units and are located in both mature and non-mature estates.

    HDB said: “With these application rates, the first-timers who applied for these flats stood a good chance of being invited to book a flat.”

    There were about 19 BTO projects that had flats with first-timer application rates of 1.7 or lower, said HDB. For 7 of these 19 projects, the flats came with a shorter waiting time of less than 3 years.

    HDB said: “The waiting times for BTO projects launched in 2021 and 2020 have generally ranged from 3 to 5 years. “In fact, the median waiting time of BTO projects launched in 2021 was 3.8 years, which is lower than the 4.5 years for those launched in 2020.”

    The locations for these BTO projects included areas in Bukit Batok, Jurong West and Tengah for non-mature estates and in Tampines for mature estates.

    HDB encouraged flat buyers to consider applying for BTO projects located in non-mature estates or projects with a larger supply to increase their chances of booking a flat.

    It said: “First-timers who have been unsuccessful in 2 or more attempts for BTO flats in the non-mature estates will be given an additional ballot chance at their subsequent for a BTO flat in the non-mature estates.

    “From our records, virtually all first-timer applicants of BTO flats in non-mature estates had a chance to book a flat within their first 3 tries.”

    HDB also advised applicants to check its website, where since the May 2022 sales exercise, HDB has published media application rates for the various BTO projects.

    HDB said: “Applicants are encouraged to refer to the median application rates, and consider flat categories with lower application rates, to improve their chances of securing a flat.”

    Those with specific location preferences or more pressing housing needs may also consider buying a resale flat on the open market, where they may be eligible for up to S$160,000 in housing grants.

    HDB said it will continue to ensure that public housing remains affordable and accessible for Singaporeans, especially first-timer families.

    https://www.businesstimes.com.sg/rea...vited-to-do-so

  2. #2
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    Default Re: First-timers have good chance to book BTO flat as 40% of applicants invited to do

    virtual phone I’ve been searching for some decent stuff on the subject and haven't had any luck up until this point, You just got a new biggest fan!..

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