Things are speeding up in the BTO scene, under the enhanced resale of balance flat exercise. Now, you can book your flat as soon as the day after applying. Here’s what you should know:
The Expanded Re-offer of Balance Flats (ROF) scheme
The Sale of Balance Flats (SBF), and subsequent ROF schemes, are meant to sell off BTO flats that remain unsold from launches. Previously, this only took place twice a year.
Now however, buyers can view the listings for these flats online, and submit an application for them any time (check out the HDB website for details). If the application is succesful, they can select a unit the next working day.
This helps to speed up the process on both ends: HDB gets to sell off its remaining flats quicker, and home buyers speed up their moving-in process.
What’s up on offer right now?
At present, there are 123 flats up on offer, of which 105 are in mature areas (Ang Mo Kio, Bukut Merah, Toa Payoh). We understand that, based on ethnic quotas:
- Chinese are eligible for 26 of the units
- Malays are eligible for 115 of the units
- Indians and other races are eligible for 119 of the units
The breakdown in size is as follows:
- 57 three-room flats
- 23 four-room flats
- 20 five-room flats
- 17 3-Gen flats
- 3 Executive flats
- 2 Flexi-flats
Move fast, because BTO flats now sell faster than they used to
Largely thanks to the new schemes, BTO flats tend to sell faster – if they’re not snapped up at launch, people are now viewing the listings at any time, not just during sale of balance flat exercises. If finding a home is an immediate priority, move fast and go look for these on the HDB website.
Are you getting a BTO flat? Voice your thoughts in our comments section or on our Facebook community page.
Looking for a property? Find the home of your dreams today on Singapore’s largest property portal 99.co! You can also access a wide range of tools to calculate your down payments and loan repayments, to make an informed purchase.
About Ryan Ong
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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