https://wiki.sg/index.php?title=Getting_a_BTO_Flat_in_Singapore&feed=atom&action=historyGetting a BTO Flat in Singapore - Revision history2024-03-29T05:10:20ZRevision history for this page on the wikiMediaWiki 1.39.2https://wiki.sg/index.php?title=Getting_a_BTO_Flat_in_Singapore&diff=1152&oldid=prevDayana Rizal at 10:01, 11 March 20192019-03-11T10:01:06Z<p></p>
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</table>Dayana Rizalhttps://wiki.sg/index.php?title=Getting_a_BTO_Flat_in_Singapore&diff=1003&oldid=prevDayana Rizal: /* Eligibility */2019-03-05T01:11:06Z<p><span dir="auto"><span class="autocomment">Eligibility</span></span></p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{| class="wikitable"</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{| class="wikitable"</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Eligibility Schemes'''</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Eligibility Schemes'''</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|<del style="font-weight: bold; text-decoration: none;"><br /></del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div> </div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*'''Public Scheme''': Applicant must form a family nucleus with his/her spouse and children (in any); or parents and siblings (if any); or children under legal custody. However, if the child under custody is below the age of 21, a written consent has to be given by the ex-spouse before making the application.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*'''Public Scheme''': Applicant must form a family nucleus with his/her spouse and children (in any); or parents and siblings (if any); or children under legal custody. However, if the child under custody is below the age of 21, a written consent has to be given by the ex-spouse before making the application.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*'''Fiancé/Fiancée Scheme''': Applicant must form a family with his/her spouse-to-be. However, the marriage has to be solemnised within 3 months of the key collection. Individuals under the age of 21 require special consent from his/her parents before application. ''For more information on marriage process in Singapore, see [[Getting Married in Singapore]].''</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*'''Fiancé/Fiancée Scheme''': Applicant must form a family with his/her spouse-to-be. However, the marriage has to be solemnised within 3 months of the key collection. Individuals under the age of 21 require special consent from his/her parents before application. ''For more information on marriage process in Singapore, see [[Getting Married in Singapore]].''</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Parenthood Priority Scheme (PPS)'''</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Parenthood Priority Scheme (PPS)'''</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|This scheme is only applicable to first-timers applying as a married couple, who are expecting the first Singapore citizen child at the point of application, or have at least 1 Singapore citizen child below the age of 16. </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|This scheme is only applicable to first-timers applying as a married couple, who are expecting the first Singapore citizen child at the point of application, or have at least 1 Singapore citizen child below the age of 16.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><br /></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|Up to 30%</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|Up to 30%</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Multi-Generation Priority Scheme (MGPS)'''</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Multi-Generation Priority Scheme (MGPS)'''</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|To qualify for this scheme, a joint application must be made by the parents and the married child. Parents are only allowed to apply for a 2-room Flexi or 3-room flat and the married child is allowed to apply for a 2-room Flexi or larger flat.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|To qualify for this scheme, a joint application must be made by the parents and the married child. Parents are only allowed to apply for a 2-room Flexi or 3-room flat and the married child is allowed to apply for a 2-room Flexi or larger flat.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><br /></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|Up to 15% </div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|Up to 15% </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>(limited to 2-room Flexi or 3-room flats)</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>(limited to 2-room Flexi or 3-room flats)</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Married Child Priority Scheme (MCPS)'''</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Married Child Priority Scheme (MCPS)'''</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|In order to qualify for this scheme, the married child or at least 1 of the parents must be a Singapore citizen or PR. The married child or the parents have to stay in the same town or within 2km of the chosen BTO flat. </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|In order to qualify for this scheme, the married child or at least 1 of the parents must be a Singapore citizen or PR. The married child or the parents have to stay in the same town or within 2km of the chosen BTO flat.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><br /></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Up to 30% (First-timer families)</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Up to 30% (First-timer families)</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Up to 15% (Second-timer families)</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Up to 15% (Second-timer families)</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div> </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">*</ins></div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><br /></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Third Child Priority Scheme''' </div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Third Child Priority Scheme''' </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''(TCPS)'''</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''(TCPS)'''</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|To qualify for this scheme, at least one of the couple must be a Singapore citizen with no previous applications under TCPS. The applicant’s family must consist at least 3 children, and the third child has to be a Singapore citizen born on or after 1 Jan 1987. Other children of the family must be either Singapore citizens or PRs. </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|To qualify for this scheme, at least one of the couple must be a Singapore citizen with no previous applications under TCPS. The applicant’s family must consist at least 3 children, and the third child has to be a Singapore citizen born on or after 1 Jan 1987. Other children of the family must be either Singapore citizens or PRs.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><br /></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|Up to 5%</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|Up to 5%</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Assistance Scheme for Second-Timers (Divorced/ Widowed Parents) (ASSIST)'''</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Assistance Scheme for Second-Timers (Divorced/ Widowed Parents) (ASSIST)'''</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|In order to qualify for this scheme, applicant must have at least 1 child below 16 years old and have not applied for any other HDB flats or private properties after the date of separation from the spouse. </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|In order to qualify for this scheme, applicant must have at least 1 child below 16 years old and have not applied for any other HDB flats or private properties after the date of separation from the spouse.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><br /></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|Up to 5% (limited to 2-room Flexi and 3-room BTO units in non-mature estates)</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|Up to 5% (limited to 2-room Flexi and 3-room BTO units in non-mature estates)</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Tenants’ Priority Scheme (TPS)'''</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|'''Tenants’ Priority Scheme (TPS)'''</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|In order to fall under this scheme, applicant and family must be first or second-time buyers who have been staying in a rental HDB flat for at least 2 years. </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|In order to fall under this scheme, applicant and family must be first or second-time buyers who have been staying in a rental HDB flat for at least 2 years.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><br /></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|Up to 10% (limited to 2-room Flexi and 3 room BTO units)</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|Up to 10% (limited to 2-room Flexi and 3 room BTO units)</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td></tr>
<tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l170">Line 170:</td>
<td colspan="2" class="diff-lineno">Line 162:</td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Following the construction period of the BTO project which averages at 3 years, buyers can then collect the keys to their flats.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Following the construction period of the BTO project which averages at 3 years, buyers can then collect the keys to their flats.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>==References / Citations ==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>==References / Citations==</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><references /></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><references /></div></td></tr>
</table>Dayana Rizalhttps://wiki.sg/index.php?title=Getting_a_BTO_Flat_in_Singapore&diff=1002&oldid=prevDayana Rizal: /* References / Citations */2019-03-04T11:55:22Z<p><span dir="auto"><span class="autocomment">References / Citations</span></span></p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
<col class="diff-marker" />
<col class="diff-content" />
<col class="diff-marker" />
<col class="diff-content" />
<tr class="diff-title" lang="en">
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 19:55, 4 March 2019</td>
</tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l170">Line 170:</td>
<td colspan="2" class="diff-lineno">Line 170:</td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Following the construction period of the BTO project which averages at 3 years, buyers can then collect the keys to their flats.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Following the construction period of the BTO project which averages at 3 years, buyers can then collect the keys to their flats.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>==References / Citations==</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>==References / Citations ==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><br /></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><references /></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><references /></div></td></tr>
</table>Dayana Rizalhttps://wiki.sg/index.php?title=Getting_a_BTO_Flat_in_Singapore&diff=1001&oldid=prevDayana Rizal: /* CPF */2019-03-04T09:48:46Z<p><span dir="auto"><span class="autocomment">CPF</span></span></p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
<col class="diff-marker" />
<col class="diff-content" />
<col class="diff-marker" />
<col class="diff-content" />
<tr class="diff-title" lang="en">
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 17:48, 4 March 2019</td>
</tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l37">Line 37:</td>
<td colspan="2" class="diff-lineno">Line 37:</td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>There are 3 main housing grant and loan options available for individuals looking to offset the financial burden of buying a BTO.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>There are 3 main housing grant and loan options available for individuals looking to offset the financial burden of buying a BTO.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>===CPF===</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>===CPF <ins style="font-weight: bold; text-decoration: none;">Grants</ins>===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Besides the already-subsidised prices of the new HDB flats, first-time buyers can also receive further subsidies in form of CPF Housing Grants of up to SGD$80,000. The two grants offered under CPF are '''Additional CPF Housing Grant (AHG)''' and '''Special CPF Housing Grant (SHG).'''<ref>Cheng, Mark. “Planning Ahead When Buying a Flat – A Guide to Saving Yourself From a Massive Headache”. ''MoneySmart''. June 5, 2018. Accessed on 9 January 2019. Retrieved from: https://blog.moneysmart.sg/property/planning-ahead-buying-flat-guide/</ref></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Besides the already-subsidised prices of the new HDB flats, first-time buyers can also receive further subsidies in form of CPF Housing Grants of up to SGD$80,000. The two grants offered under CPF are '''Additional CPF Housing Grant (AHG)''' and '''Special CPF Housing Grant (SHG).'''<ref>Cheng, Mark. “Planning Ahead When Buying a Flat – A Guide to Saving Yourself From a Massive Headache”. ''MoneySmart''. June 5, 2018. Accessed on 9 January 2019. Retrieved from: https://blog.moneysmart.sg/property/planning-ahead-buying-flat-guide/</ref></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{| class="wikitable"</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{| class="wikitable"</div></td></tr>
<tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l61">Line 61:</td>
<td colspan="2" class="diff-lineno">Line 61:</td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|}</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|}</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>===HDB===</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>===HDB <ins style="font-weight: bold; text-decoration: none;">Loans</ins>===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>HDB offers concessionary loans for Singaporeans at an interest rate of 2.6%. Before taking up the loan, borrowers have to pay a down payment of 10%, which can be fully paid using CPF. </div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>HDB offers concessionary loans for Singaporeans at an interest rate of 2.6%. Before taking up the loan, borrowers have to pay a down payment of 10%, which can be fully paid using CPF. </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{| class="wikitable"</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{| class="wikitable"</div></td></tr>
<tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l80">Line 80:</td>
<td colspan="2" class="diff-lineno">Line 80:</td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>A monthly installment of no more than 30% of the borrower’s salary will be paid till the end of the repayment period. The repayment period is capped at 25 years, or up till the borrower is 65 years of age.<ref>“More information on your HDB housing loan”. ''Housing & Development Board.'' September 14, 2018. Accessed on 9 January 2019. Retrieved from: https://www.hdb.gov.sg/cs/infoweb/residential/financing-a-flat-purchase/housing-loan-from-hdb/more-information-on-your-hdb-loan</ref> Home-buyers who are interested in taking the HDB housing loan are required to apply for the HDB Loan Eligibility (HLE) Letter through HDB’s online service ([https://services2.hdb.gov.sg/webapp/BP27AWHLEApplication/BP27SHome HDB loan application portal]).</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>A monthly installment of no more than 30% of the borrower’s salary will be paid till the end of the repayment period. The repayment period is capped at 25 years, or up till the borrower is 65 years of age.<ref>“More information on your HDB housing loan”. ''Housing & Development Board.'' September 14, 2018. Accessed on 9 January 2019. Retrieved from: https://www.hdb.gov.sg/cs/infoweb/residential/financing-a-flat-purchase/housing-loan-from-hdb/more-information-on-your-hdb-loan</ref> Home-buyers who are interested in taking the HDB housing loan are required to apply for the HDB Loan Eligibility (HLE) Letter through HDB’s online service ([https://services2.hdb.gov.sg/webapp/BP27AWHLEApplication/BP27SHome HDB loan application portal]).</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>===Bank===</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>===Bank <ins style="font-weight: bold; text-decoration: none;">Loans</ins>===</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Home-buyers can also opt for bank loans, which have less restrictions compared to the HDB housing loan. The bank will conduct a credit check to ensure that the borrower has the ability to pay back the debts within the stipulated time frame.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Home-buyers can also opt for bank loans, which have less restrictions compared to the HDB housing loan. The bank will conduct a credit check to ensure that the borrower has the ability to pay back the debts within the stipulated time frame.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
</table>Dayana Rizalhttps://wiki.sg/index.php?title=Getting_a_BTO_Flat_in_Singapore&diff=999&oldid=prevDayana Rizal: /* Downpayment fees */2019-03-04T09:37:26Z<p><span dir="auto"><span class="autocomment">Downpayment fees</span></span></p>
<a href="//wiki.sg/index.php?title=Getting_a_BTO_Flat_in_Singapore&diff=999&oldid=998">Show changes</a>Dayana Rizalhttps://wiki.sg/index.php?title=Getting_a_BTO_Flat_in_Singapore&diff=998&oldid=prevDayana Rizal at 09:35, 4 March 20192019-03-04T09:35:55Z<p></p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 17:35, 4 March 2019</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/hdb-flat</ref></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/hdb-flat</ref></div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''4-room flat or larger:''' $12,000 or $18,000 if purchasing with extended family members or multi-generation family.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''4-room flat or larger:''' $12,000 or $18,000 if purchasing with extended family members or multi-generation family.</div></td></tr>
</table>Dayana Rizalhttps://wiki.sg/index.php?title=Getting_a_BTO_Flat_in_Singapore&diff=997&oldid=prevDayana Rizal: Created page with "The Build-To-Order scheme is a flat allocation system introduced by the Housing & Development Board (HDB) that offers a variety of housing units (3-room flats and bigger) acro..."2019-03-04T09:35:06Z<p>Created page with "The Build-To-Order scheme is a flat allocation system introduced by the Housing & Development Board (HDB) that offers a variety of housing units (3-room flats and bigger) acro..."</p>
<p><b>New page</b></p><div>The Build-To-Order scheme is a flat allocation system introduced by the Housing & Development Board (HDB) that offers a variety of housing units (3-room flats and bigger) across different neighbourhoods in Singapore. HDB announces the launch of BTO flats every 4 months. At this stage, information on the location, indicative prices, preliminary designs and supply of flats will be made available to the public. Details of the upcoming launches can be found on HDB’s website ([https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/bto-sbf HDB BTO page]). Alternatively, individuals may subscribe for the HDB eAlert Service ([https://services2.hdb.gov.sg/webapp/BF08CESS/MainController?action=newv eAlert service portal]) for automatic SMS or e-mail alerts on new launches. The first launch of 2019 occurred in February for flats in Jurong West, Sengkang, and Kallang/ Whampoa.<br />
<br />
== Eligibility ==<br />
Following the launch of the BTO flats, interested home-buyers should then check their eligibility to purchase the property or take a loan. There are currently 3 types of general eligibility schemes available. Applicants may also check their eligibility through HDB’s e-service ([https://services2.hdb.gov.sg/webapp/BP13EligCheck/BP13SHome?strSystem=CHECK HDB eService portal]).<br />
{| class="wikitable"<br />
|'''Eligibility Schemes'''<br />
|<br /><br />
<br />
* '''Public Scheme''': Applicant must form a family nucleus with his/her spouse and children (in any); or parents and siblings (if any); or children under legal custody. However, if the child under custody is below the age of 21, a written consent has to be given by the ex-spouse before making the application.<br />
* '''Fiancé/Fiancée Scheme''': Applicant must form a family with his/her spouse-to-be. However, the marriage has to be solemnised within 3 months of the key collection. Individuals under the age of 21 require special consent from his/her parents before application. ''For more information on marriage process in Singapore, see [[Getting Married in Singapore]].'' <br />
* '''Orphans Scheme:''' Applicant and siblings have to be orphaned and unmarried and at least one of the deceased parents was a Singapore citizen or PR.<br />
|-<br />
|'''Citizenship'''<br />
|At least 1 Singapore Citizen applicant<br />
|-<br />
|'''Age'''<br />
|21 years old and above<br />
|-<br />
|'''Income Ceiling''' ''(in Singapore Dollars)''<br />
|Within the set income ceiling of the chosen flat. The income ceiling is the highest average gross monthly household income that is allowed for each type of flat.<ref>“What is income ceiling?”. ''Housing & Development Board.'' October 31, 2017. Accessed on 9 January 2019. Retrieved from:<br />
<br />
https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/hdb-flat</ref><br />
<br /><br />
<br />
* '''4-room flat or larger:''' $12,000 or $18,000 if purchasing with extended family members or multi-generation family.<br />
* '''3-room flat:''' $6,000 / $12,000 (for '''non-mature''' estates, depending on the nature of the project) or $12,000 (for all '''mature''' estates).<br />
|-<br />
|'''Property Ownership'''<br />
|<br />
* No other properties should be owned under the same name both overseas and locally.<br />
* Have not received more than 1 CPF Housing Grant or have not bought more than 1 HDB/DBSS flats or Executive Condominiums before.<br />
|}<br />
<br />
=== Application ===<br />
Interested home-buyers will then submit an application through HDB InfoWEB ([https://www.hdb.gov.sg/cs/infoweb/homepage HDB InfoWEB portal]) during the 1-week application period. A non-refundable administrative fee of SGD$10 will be charged during the application. However, BTO projects may be cancelled if the response is underwhelming.<br />
<br />
== Housing grants and loans ==<br />
There are 3 main housing grant and loan options available for individuals looking to offset the financial burden of buying a BTO.<br />
<br />
=== CPF ===<br />
Besides the already-subsidised prices of the new HDB flats, first-time buyers can also receive further subsidies in form of CPF Housing Grants of up to SGD$80,000. The two grants offered under CPF are '''Additional CPF Housing Grant (AHG)''' and '''Special CPF Housing Grant (SHG).'''<ref>Cheng, Mark. “Planning Ahead When Buying a Flat – A Guide to Saving Yourself From a Massive Headache”. ''MoneySmart''. June 5, 2018. Accessed on 9 January 2019. Retrieved from: https://blog.moneysmart.sg/property/planning-ahead-buying-flat-guide/</ref><br />
{| class="wikitable"<br />
!Grant<br />
!Criteria<br />
!Amount given (in SGD)<br />
|-<br />
|'''Additional Housing Grant (AHG)'''<br />
|<br />
* First time home-buyers<br />
* Average gross monthly income of '''no more than SGD$5,000'''<ref>“Step-by-step: The Ultimate BTO Crash Course”. How To Adult. February 5, 2018. Accessed on 9 January 2019. Retrieved from: http://www.howtoadult.sg/step-step-the-ultimate-bto-crash-course/</ref><br />
<br />
<br /><br />
|Up to $40,000 <br />
|-<br />
|'''Special Housing Grant (SHG)'''<br />
|<br />
* Applying for 4-room flat or smaller in non-mature estate<br />
* Average gross monthly income of '''no more than''' '''SGD$8,500'''<ref>For more details on CPF grants, visit: https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/cpf-housing-grants-for-hdb-flats</ref><br />
<br />
<br /><br />
|Up to $40,000<br />
|}<br />
<br />
=== HDB ===<br />
HDB offers concessionary loans for Singaporeans at an interest rate of 2.6%. Before taking up the loan, borrowers have to pay a down payment of 10%, which can be fully paid using CPF. <br />
{| class="wikitable"<br />
!Grant<br />
!Criteria<ref>Ong, Ryan. “HDB Loan vs Bank Loan – Which Is Better? 5 Things to Know Before You Commit”. ''MoneySmart''. July 16, 2018. Accessed on 9 January 2019. Retrieved from: https://blog.moneysmart.sg/home-loans/bank-loan-vs-hdb-loan-which-is-better/</ref><br />
!Loan Ceiling<br />
|-<br />
|'''HDB Housing Loan'''<br />
|<br />
* One home-buyer must be a Singapore citizen<br />
* Average gross monthly income of '''no more than SGD$12,000'''<br />
* Should not own any private properties in or outside of Singapore<br />
* Must not have taken more than 2 previous HDB loans<br />
<br />
<br /><br />
|Up to 90% of the BTO purchase price <br />
|}<br />
A monthly installment of no more than 30% of the borrower’s salary will be paid till the end of the repayment period. The repayment period is capped at 25 years, or up till the borrower is 65 years of age.<ref>“More information on your HDB housing loan”. ''Housing & Development Board.'' September 14, 2018. Accessed on 9 January 2019. Retrieved from: https://www.hdb.gov.sg/cs/infoweb/residential/financing-a-flat-purchase/housing-loan-from-hdb/more-information-on-your-hdb-loan</ref> Home-buyers who are interested in taking the HDB housing loan are required to apply for the HDB Loan Eligibility (HLE) Letter through HDB’s online service ([https://services2.hdb.gov.sg/webapp/BP27AWHLEApplication/BP27SHome HDB loan application portal]).<br />
<br />
=== Bank ===<br />
Home-buyers can also opt for bank loans, which have less restrictions compared to the HDB housing loan. The bank will conduct a credit check to ensure that the borrower has the ability to pay back the debts within the stipulated time frame.<br />
<br />
<br />
Bank loans typically have the interest rates of 1.3% to 1.7%, which is lower than the HDB loan. However, individuals should be aware that unlike HDB loans, banks’ interest rates are volatile and have higher penalty rates for early and late repayments. It should also be noted that borrowers are required to pay a higher down payment of 25%, of which 5% have to be paid in cash while the remaining can be paid through CPF.<ref>Ong, Ryan. “HDB Loan vs Bank Loan – Which Is Better? 5 Things to Know Before You Commit”. ''MoneySmart''. July 16, 2018. Accessed on 9 January 2019. Retrieved from: https://blog.moneysmart.sg/home-loans/bank-loan-vs-hdb-loan-which-is-better/</ref><br />
<br />
== Balloting process ==<br />
During the balloting process, priority is given to individuals who have an urgent need for housing. In general, couples who are '''first-time buyers''' will enjoy a greater supply of flats, more ballots and extra ballot chances for unsuccessful applications.<ref>"Priority Schemes". Housing and Development Board. Accessed on 4 March 2019. Retrieved from: https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/eligibility/priority-schemes</ref> Each individual is given 2 ballot attempts. In the case where the initial attempts are unsuccessful, 1 additional chance is given per application. <br />
<br />
=== Priority Schemes ===<br />
Additionally, individuals can apply for a maximum of '''2 priority schemes''' should they meet the scheme criteria. These schemes are meant to increase the chances for successful applications. The '''Priority Schemes''' are as such:<ref>"Priority Schemes". Housing and Development Board. Accessed on 4 March 2019. Retrieved from: https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/eligibility/priority-schemes</ref><br />
{| class="wikitable"<br />
|'''Scheme'''<br />
|'''Criteria'''<br />
|'''% of Units allocated''' (out of total number of units)<br />
|-<br />
|'''Parenthood Priority Scheme (PPS)'''<br />
|This scheme is only applicable to first-timers applying as a married couple, who are expecting the first Singapore citizen child at the point of application, or have at least 1 Singapore citizen child below the age of 16. <br />
<br /><br />
|Up to 30%<br />
|-<br />
|'''Multi-Generation Priority Scheme (MGPS)'''<br />
|To qualify for this scheme, a joint application must be made by the parents and the married child. Parents are only allowed to apply for a 2-room Flexi or 3-room flat and the married child is allowed to apply for a 2-room Flexi or larger flat.<br />
<br /><br />
|Up to 15% <br />
(limited to 2-room Flexi or 3-room flats)<br />
|-<br />
|'''Married Child Priority Scheme (MCPS)'''<br />
|In order to qualify for this scheme, the married child or at least 1 of the parents must be a Singapore citizen or PR. The married child or the parents have to stay in the same town or within 2km of the chosen BTO flat. <br />
<br /><br />
|<br />
* Up to 30% (First-timer families)<br />
<br />
* Up to 15% (Second-timer families)<br />
<br />
<br /><br />
|-<br />
|'''Third Child Priority Scheme''' <br />
'''(TCPS)'''<br />
|To qualify for this scheme, at least one of the couple must be a Singapore citizen with no previous applications under TCPS. The applicant’s family must consist at least 3 children, and the third child has to be a Singapore citizen born on or after 1 Jan 1987. Other children of the family must be either Singapore citizens or PRs. <br />
<br /><br />
|Up to 5% <br />
|-<br />
|'''Assistance Scheme for Second-Timers (Divorced/ Widowed Parents) (ASSIST)'''<br />
|In order to qualify for this scheme, applicant must have at least 1 child below 16 years old and have not applied for any other HDB flats or private properties after the date of separation from the spouse. <br />
<br /><br />
|Up to 5% (limited to 2-room Flexi and 3-room BTO units in non-mature estates)<br />
|-<br />
|'''Tenants’ Priority Scheme (TPS)'''<br />
|In order to fall under this scheme, applicant and family must be first or second-time buyers who have been staying in a rental HDB flat for at least 2 years. <br />
<br /><br />
|Up to 10% (limited to 2-room Flexi and 3 room BTO units)<br />
|-<br />
|'''Senior Priority Scheme (SPS)'''<br />
|To be eligible for this scheme, applicant’s new 2-room Flexi flat must be located within 4km of his/her current property. <br />
|Up to 20% (limited to 2-room Flexi units)<br />
|}<br />
HDB will release the results of the balloting via its website 5 weeks after the application deadline. Successful applicants will receive a queue position, which will be used for the booking of units. <br />
<br />
== Booking & confirmation process ==<br />
Successful applicants will be invited to book a unit according to their balloted queue positions. An option fee will have to be paid based on the choices made. Home buyers should consider the height and view, sunlight and ventilation, noise and privacy and accessibility before deciding on an unit.<ref>“How to choose your HDB BTO unit”. Heartland Boys. Accessed on 11 February 2019. Retrieved from: https://heartlandboy.com/choose-hdb-bto-unit/</ref> Within 4 months of booking the unit, home-buyers will be invited to sign the Agreement for Lease. Those who are obtaining a bank loan have to submit a Letter of Offer. At this stage, home-buyers will be required to pay the down payment to the flat and 1% to 3% of legal and stamp fees by through CPF or cash. <br />
<br />
=== Downpayment fees ===<br />
In the case where an individual has applied for a '''HDB Housing Loan''', the down payment for the flat would be 10% of the total BTO flat cost. For example, a couple looking to buy a 4-room flat in Sengkang (a non-mature estate) would be looking at an average cost of SGD$300,000 or more.<ref>Central Provident Fund Board. "Saving up to pay for BTO downpayment". ''Are You Ready? by CPF Board.'' July 11, 2018. Accessed on 4 March 2019. Retrieved from:https://www.areyouready.sg/YourInfoHub/Pages/News-Saving-up-to-pay-for-a-BTO-downpayment.aspx</ref> After the HDB Housing Loan, the couple would need to pay a down payment of SGD$30,000.<br />
<br />
<br />
The cost of BTO flats varies for mature estates and non-mature estates, with the former being more expensive. Mature estates refer to neighbourhoods with amenities that are already in place while non-mature estates refer to newer neighbourhoods that are still under development. For illustration purposes, the prices for February 2019's BTO launch are as such:<ref>"HDB Launches 3,739 Flats in February 2019 BTO and ROF Exercise". ''Housing & Development Board.'' February 12, 2019. Accessed on 4 March 2019. Retrieved from: https://www.hdb.gov.sg/cs/infoweb/press-release/bto-launch-feb-2019</ref><br />
{| class="wikitable"<br />
|'''Flat type'''<br />
|'''Jurong West''' (non-mature estate)<br />
|'''Sengkang''' (non-mature estate)<br />
|'''Kallang / Whampoa''' (mature estate)<br />
|-<br />
|'''3-room'''<br />
|From $185,000<br />
|From $191,000<br />
|From $374,000<br />
|-<br />
|'''4-room'''<br />
|From $257,000<br />
|From $283,000<br />
|From $523,000<br />
|-<br />
|'''5-room'''<br />
|From $338,000<br />
|From $365,000<br />
| -<br />
|}<br />
Following the construction period of the BTO project which averages at 3 years, buyers can then collect the keys to their flats.<br />
<br />
== References / Citations ==<br />
<br /></div>Dayana Rizal