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HDB BTO Explained: What Singaporeans Need to KnowIn Singapore, owning a home is a significant milestone, and the HDB Build-To-Order (BTO) scheme offers an accessible way for many to achieve this dream. Run by the Housing & Development Board (HDB), the BTO process involves launching new flat projects based on demand levels.
To apply for a BTO flat, applicants must be Singapore citizens, form a family nucleus, and meet income limits set by HDB. Allocation of flats is conducted through a transparent balloting system to ensure fairness among more info applicants.
The pricing of BTO flats is generally lower than resale flats due to government subsidies, easing financial burden for buyers. A notable consideration is the waiting time, often three to five years, before moving into a BTO flat since it is built after applications close.
HDB launches BTO projects in various mature and non-mature towns like Bukit Batok, Sengkang, and Clementi.
Overall, the HDB BTO scheme remains an essential housing pathway that supports Singaporeans in securing affordable homes in a well-planned urban environment.