Chances are, you already know a fair bit about HDB’s Build-To-Order (BTO) and resale flats. But there’s a third option available in the public housing market: Sale of Balance Flats (SBFs). In this article, we explain what these flats are and what to take note of. Sale of Balance Flats (SBF) are leftover flats from previous BTO launches, surplus Selective...
were priced from $102,000 onwards, which was cheaper than those launched through BTO at $123,000.
Nevertheless, SBF are subsidised flats. So they’re still cheaper than the ones available on the resale market.When an application for a Build-to-Order or a Sale of Balance Flat is submitted, it goes to a ballot to determine a queue number. But, depending on whether you’re a first-timer or a second-timer, it might be more difficult for you to get a flat because of HDB’s predefined allocation percentages., also come into play.
The good thing about Sale of Balance Flats launches is that you get more information about the actual locations of the units available. This includes the block number and unit number, which are not available during a BTO launch. However, if you’re particular about choosing a unit by yourself, you might be better off taking the usual route of applying for one via regular BTO balloting, or buying aThe shorter waiting time also translates to a reduced time period to save up for the downpayment and other costs. On the other hand, with BTO flats, you’ll have a buffer of three to four years to save up before your flat is ready.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNA Explains: When can HDB compulsorily acquire flats and what does it mean for owners?When can authorities take back a flat? Is there any compensation, and can the decision be appealed?
Read more »
Wholesaler, director fined $12,000 over sale of uninspected oystersImporters here must arrange for inbound fish products to be inspected, examined and certified by SFA. Read more at straitstimes.com.
Read more »
China's Sinochem denies report of Pirelli stake saleMILAN : China's Sinochem Holdings Corp, the biggest investor in Pirelli & C SpA, on Thursday denied a report that it planned to sell its 37 per cent stake in the Italian tyremaker.Bloomberg had reported on Wednesday that the Chinese state-owned oil-to-chemicals group was in the early stages of reviewing i
Read more »
Wholesaler, director fined $12,000 over sale of uninspected oystersWholesaler Goodvibes International was fined $6,000 on Friday for not arranging to have its imported oysters inspected, examined and certified by the Singapore Food Agency (SFA), and also for selling the oysters before inspection. Company director Araya Yuichiro was fined...
Read more »
1-bedroom condo in Tanjong Pagar on sale for $2.36 million - Singapore NewsThe condominium unit is located at Wallich Residence atop Tanjong Pagar MRT Station on the East-West Line
Read more »
Body of Ghana footballer Atsu found in Turkey quake rubble: ReportMr Christian Atsu was found at Ronesans Residence, a block of high-rise luxury flats in Hatay. Read more at straitstimes.com.
Read more »