HDB will now announce new BTO projects six months in advance and shorten the waiting time for applicants to receive their ballot results to three weeks.
This will give HDB home buyers more information and time to plan their purchases. At the same, it also reduces the waiting time for them to get their flats.
According to Minister of National Development Lawrence Wong, these changes are part of a long-term plan to keep housing affordable and accessible for Singaporeans.
These changes will be effective from the May sales exercise onwards. During the upcoming May exercise, buyers will know which HDB projects will be launched in August and November. The location, the number of units and the flat mix will also be revealed then.
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Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
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