BTO flats are priced below comparable resale flats because they are sold new, before construction, directly by HDB, and first timer households get priority balloting in most flat types, improving their odds relative to second timer applicants.
The BTO process runs: online application during the 1 to 2 week launch window, ballot results in 2 to 3 weeks, flat selection at an appointment based on queue position, signing the Agreement for Lease, then a roughly 4 to 5 year wait for construction and key collection.
Once keys are collected, the standard 5 year Minimum Occupation Period begins, during which the flat cannot be sold on the open market or fully sublet. A household that received a prior housing subsidy applying for another subsidised flat, including a BTO, may also be liable for the HDB resale levy.
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Book a free 30 minute callWinfred Quek is an Associate Marketing Consultant at Crestbrick Pte Ltd (CEA Licence No. L31010886H). CEA R073319H. This page is for general information only and does not constitute financial, investment, or legal advice. Verify current figures with IRAS, HDB, CPF Board, or MAS before making any decision.