HDB Launches 8,748 Flats in May 2017 BTO and SBF Exercise
Published in HDB Website. Date: 18 May 2017
HDB launched 8,748 flats for sale today under the May 2017 Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. They comprise 4,802 BTO units and 3,946 SBF units across 25 towns/ estates.
2 This second BTO launch for 2017 brings the total number of BTO flats offered this year to 8,858 units. Together with the 3,946 balance flats on offer, HDB has launched a total of 12,804 flats for sale in the first half of 2017 to meet the housing needs of Singaporeans.
Wide Range of Flats for Different Budgets and Need.
May 2017 BTO Exercise
3 A wide selection of flats, ranging from 2-room Flexi to Three-Generation (3Gen) flats, is offered to meet the diverse housing needs of first-timers, second-timers, multi-generation families, elderly and singles. Further details can be found in Annex A1.
4 The 4,802 BTO flats on offer are spread across six projects. Three are in the non-mature towns of Woodlands and Yishun, while another three are in the mature towns/ estates of Bidadari (Toa Payoh) and Geylang.
5 Eligible first-timer families can enjoy up to $80,000 of housing grants, comprising the Additional CPF Housing Grant (AHG) (up to $40,000) and the Special CPF Housing Grant (SHG) (up to $40,000). With these grants, buyers of 2-room Flexi, 3-room, 4-room and 5-room flats could pay as little as $4,000, $70,000, $176,000, and $307,000 respectively.
6 New HDB flats are priced with a generous subsidy, taking into account factors such as location, flat attributes and prevailing market conditions. HDB’s prices are considerably lower than transacted prices of comparable resale flats in the vicinity (see Table 1 for the BTO prices and the comparable resale prices). In addition, 2-room Flexi flats are priced taking into account the lease chosen, as shown in Annex A2.
1) * 2-room Flexi flats come in two sizes of 36 sqm (Type 1) and 45 sqm (Type 2).
^ The assumed housing grants are for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi flat. Eligible first-timer flat buyers can apply for housing grants of up to $80,000, comprising AHG of $40,000 and SHG of $40,000. SHG is applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. For illustration purposes, the assumed total grants adopted for the above table are as follows:
- 2-room Flexi flat: $80,000 in non-mature towns and $40,000 in mature towns
- 3-room flat: $75,000 in non-mature towns and $20,000 in mature towns
- 4-room flat: $60,000 in non-mature towns and $5,000 in mature towns
- 5-room flat/ 3Gen flat: $5,000 in non-mature towns
The starting prices and assumed grant amounts are illustrative. The actual grant amount received will depend on buyers’ income, choice of flat type/ estate and eligibility for housing grants. Read more on various CPF Housing Grants available
+ Buyers are required to pay 5% of the published price using their own CPF and/ or cash savings when the total housing grants (i.e. AHG and SHG) they can enjoy exceeds 95% of the published price of the flat. Excess housing grants, if any, can be used to pay for Optional Component Scheme (OCS) items and premiums that singles and Singapore citizen/ Singapore permanent resident households have to pay, before crediting the balance into the Singaporean buyers’ CPF accounts.
# Details on the comparable resale flats in the vicinity for each BTO project can be found on the HDB e-Sales website. The differences in attributes between the comparable resale flats and the BTO flats should be taken into account when making a comparison.
** Singles who apply for the 2-room Flexi flats under the Single Singapore Citizen (SSC) Scheme will pay $15,000 more than married couples. Eligible singles can also apply for AHG and SHG. The additional amount payable and the grants will vary based on the choice of lease tenure. The actual grant amounts will vary according to income. Read more on various CPF Housing Grants available
2) Selling prices (excluding and including grants) quoted above are rounded up to the nearest thousand dollars.
7 First-timer families will continue to enjoy priority in flat allocation. Married/ courting couples who wish to live together with their parent(s) can apply for a 3Gen flat in Marsiling Grove or Woodleigh Hillside. Other multi-generation families who wish to live near each other in the same BTO project can apply for flats in Dakota Breeze, Pine Vista, Forest Spring @ Yishun, Marsiling Grove, Woodlands Spring and Woodleigh Hillside under the Multi-Generation Priority Scheme (MGPS).
May 2017 SBF Exercise
8 In addition to the 4,802 BTO flats, HDB will offer 3,946 balance flats in 11 non-mature towns and 14 mature towns/ estates under the May 2017 SBF exercise. They comprise 693 units of 2-room Flexi, 938 units of 3-room, 1,305 units of 4-room, 967 units of 5-room, 26 units of 3Gen and 17 units of executive flats. Majority of the flats offered under the SBF exercise are reserved for first-timer families. Eligible first-timer singles may also apply for a 2-room Flexi flat in non-mature towns.
9 SBF flats come in a wide range of flat types, locations and selling prices (see Table 2). About 48% are already completed and the rest are under construction. Similar to BTO flats, SBF flats are subsidised and priced considerably lower than the transacted prices of comparable resale flats in the vicinity. The pricing details and applicable ethnic quotas of the SBF flats offered are in Annex B.
Deferred Downpayment Scheme (DDS)
Temporary Loan Scheme (TLS)
Application for May 2017 BTO and SBF Exercise
Advice for Flat Buyers
Next BTO Launch in August 2017
 In this case, the total grants are $80,000 and the selling price is $73,000. A minimum payment of 5% of the published price, i.e. $4,000 is needed, and the excess AHG/ SHG will be credited into the buyers’ CPF Special Account (SA) /Retirement Account (RA) and Medisave Account (MA).
 At least 85% (for 4-room and 5-room flats) and 70% (for 3-room flats) of the BTO public flat supply in the non-mature towns are set aside for first-timer families. For flats in the mature town/ estate of Bidadari or Geylang, at least 95% (for 3-room and bigger flats) of the public flat supply will be set aside for first-timer families.
 HDB will set aside up to 15% of the 2-room Flexi and 3-room flats in a BTO project (subject to a minimum of 20 units each) for parents applying under MGPS. The same number of 2-room Flexi and bigger flats will be set aside in the same BTO project for their married children.
 At least 95% of the supply of balance flats (for 3-room and bigger) will be set aside for first-timers families.
 For completed flats, there is no separate downpayment as the full purchase price is paid at key collection.