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| Starts | 17 Nov 2020 (Tue) | Ends | 23 Nov 2020 (Mon) |
|---|---|---|---|
| Location | HDB |
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HDB launches 11,015 flats for sale today, under the November 2020 Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercises.
HDB launches 11,015 flats for sale today, under the November 2020 Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercises. This comprises 5,795 BTO units and 5,220 SBF units across various towns/estates.
The November 2020 BTO launch brings the total number of BTO flats offered this year to 16,752 units. Together with the 5,220 balance flats offered in the November 2020 SBF exercise, HDB has offered a total of 21,972 flats in 2020 to meet the housing needs of Singaporeans. In addition, as part of HDB’s efforts to make flats even more accessible to potential homebuyers, HDB has offered another 1,298 flats for open booking this year. This enables home seekers to book a flat as early as the next working day, where possible, after their online application.
Members of the public have 7 days to make an online application at HDB InfoWEB. Applicants without internet access are advised to seek support from family members instead of visiting HDB Hub or Branches. Those who need further assistance, such as seniors without family support, may call the HDB Sales/Resale Customer Service Line at 1800 – 866 3066 for help.
November 2020 BTO Exercise
The 5,795 BTO flats on offer are spread across seven projects. Three projects are in the non-mature towns of Sembawang and Tengah, and four projects are in the mature towns of Bishan, Tampines and Toa Payoh (Bidadari). Of these, the flats in Tengah will have shorter waiting-time, and at least 95% of the 4-room and bigger flats will be set aside for first-timer families.
A wide selection of flats ranging from 2-room Flexi to 5-room flats is offered to meet the diverse housing needs of first-timers, second-timer families, elderly and singles. In view of the eldercare services and facilities in the vicinity, the 2-room Flexi flats at Bishan Ridges are offered only to seniors (aged 55 and above) on short leases of between 15 and 45 years (in 5-year increments). Seniors will also benefit from easy access to facilities and public transport at Bishan Town Centre and Bishan MRT/Bus Interchange. Further details can be found in Annex A1.
Flats Priced with Generous Subsidy
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 the transacted prices of comparable resale flats in the vicinity. For 2-room Flexi flats, their prices further take into account the lease chosen, as shown in Annex A2.
Eligible first-timer families can benefit from the Enhanced CPF Housing Grant (EHG) of up to $80,000. With EHG, flat buyers could pay prices starting from $12,000 for a 2-room Flexi flat, $88,000 for a 3-room flat, $200,000 for a 4-room flat, and $291,000 for a 5-room flat (see Table 1 for the BTO prices and the comparable resale prices).
Table 1: November 2020 BTO Prices
| Town | Project | Flat Type | Transacted Prices of Resale Flats in the Vicinity # | Selling Price (Excluding Grants) | Selling Price (Including Grants ^) |
|---|---|---|---|---|---|
| Non-Mature Towns | |||||
| Sembawang | Sun Sails | 2-room Flexi*^^ | – | From $92,000 | From $12,000 |
| 3-room | – | From $163,000 | From $88,000 | ||
| 4-room | $375,000 – $388,000 | From $260,000 | From $200,000 | ||
| 5-room | $435,000 – $485,000 | From $336,000 | From $291,000 | ||
| Tengah | Garden Court @ Tengah~ | 2-room Flexi*^^ | – | From $108,000 | From $28,000 |
| 3-room | – | From $194,000 | From $119,000 | ||
| 4-room | $380,000 – $455,000 | From $288,000 | From $228,000 | ||
| 5-room | $515,000 – $580,000 | From $394,000 | From $349,000 | ||
| Mature Towns | |||||
| Toa Payoh | Bartley Beacon | 3-room | $358,000 – $460,000 | From $324,000 | From $264,000 |
| 4-room | $510,000 – $610,000 | From $466,000 | From $421,000 | ||
| 5-room | $695,000 – $862,500 | From $627,000 | From $597,000 | ||
| Bishan | Bishan Ridges | 2-room Flexi*~~ (40-year Lease) | – | From $121,000 | From $41,000 |
| 3-room | – | From $374,000 | From $314,000 | ||
| 4-room | $445,000 – $715,000 | From $528,000 | From $483,000 | ||
| Tampines | Tampines GreenEmerald~ | 2-room Flexi* | – | From $130,000 | From $50,000 |
| 4-room | $515,000 – $588,000 | From $334,000 | From $289,000 | ||
| 5-room | $560,000 – $650,000 | From $460,000 | From $430,000 | ||
Note:
1) * 2-room Flexi flats come in two sizes – 36/38 sqm (Type 1) and 45/46/47 sqm (Type 2).^ The starting prices of flats in Table 1 are based on 99-year leases. For illustration purposes, the assumed EHG amounts are:
i) 2-room Flexi flat: $80,000
ii) 3-room flat: $75,000 in non-mature towns and $60,000 in mature towns
iii) 4-room flat: $60,000 in non-mature towns and $45,000 in mature towns
iv) 5-room flat: $45,000 in non-mature towns and $30,000 in mature townsThe starting prices after grant amounts are illustrative, assuming that the household incomes of eligible first-time buyers of flats in the mature towns are higher. The actual grant amount received will depend on the buyers’ income and eligibility. Read more on EHG in HDB InfoWEB.~ Prices include the costs of floor finishes, internal doors and sanitary fittings.# Details on the comparable resale flats can be found on the HDB e-Sales website. In making comparison, please take into account the differences in attributes between the comparable resale flats and the BTO flats.^^ Singles who apply for a 2-room Flexi flat under the Single Singapore Citizen (SSC) Scheme will pay $15,000 more than couples. Eligible singles can also apply for the EHG of up to $40,000. The actual grant amounts will vary according to income.~~ 2-room Flexi flats at Bishan Ridges are offered only to seniors (aged 55 and above) on short leases of between 15 and 45 years, in five-year increments. 2) Selling prices are rounded up to the nearest thousand dollars.
First-timer families will continue to enjoy priority in flat allocation[1]. Applicants who wish to live close to their parents or married children in the same BTO project can submit a joint application under the Multi-Generation Priority Scheme (MGPS)[2].
November 2020 SBF Exercise
In addition to the BTO flats, HDB will offer 5,220 balance flats under the SBF exercise. They comprise 1,977 units of 2-room Flexi, 701 units of 3-room, 1,740 units of 4-room, 668 units of 5-room, 120 units of 3Gen and 14 units of Executive flats across various towns/estates. The majority of the flats offered under the SBF exercise are reserved for first-timer families[3]. Eligible first-timer singles may also apply for a 2-room Flexi flat in non-mature towns.
SBF flats come in a wide range of flat types, locations and selling prices (see Table 2).About 22% are already completed and the rest are under construction. Similar to BTO flats, SBF flats are subsidised and priced considerably lower than comparable resale flats in the vicinity. The pricing details and applicable ethnic quotas of the SBF flats offered are in Annex B.
Table 2: Summary of November 2020 SBF Prices
| Flat Type | Selling Price (Excluding Grants) | Selling Price (Including Grants)^ |
|---|---|---|
| Non-Mature Towns | ||
| 2-Room Flexi (99-year/ Remaining lease)* | From $87,000 | From $7,000 |
| 3-Room | From $134,000 | From $59,000 |
| 4-Room | From $206,000 | From $146,000 |
| 5-Room | From $246,000 | From $201,000 |
| 3Gen | From $348,000 | From $303,000 |
| Executive | From $495,000 | From $495,000 |
| Mature Towns/Estates | ||
| 2-Room Flexi (99-year/ Remaining lease)* | From $134,000 | From $54,000 |
| 3-Room | From $139,000 | From $79,000 |
| 4-Room | From $220,000 | From $175,000 |
| 5-Room | From $363,000 | From $333,000 |
| 3Gen | From $464,000 | From $434,000 |
| Executive | From $480,000 | From $480,000 |
Note:
1) ^ The starting prices of flats are based on 99-year/remaining leases. For illustration purposes, the assumed EHG amounts are:
i) 2-room Flexi flat: $80,000
ii) 3-room flat: $75,000 in non-mature towns and $60,000 in mature towns
iii) 4-room flat: $60,000 in non-mature towns and $45,000 in mature towns
iv) 5-room/3Gen flat: $45,000 in non-mature towns and $30,000 in mature towns
The starting prices after grant amounts are illustrative, assuming that the household incomes of eligible first-time buyers of flats in the mature towns are higher. The actual grant amount received will depend on the buyers’ income and eligibility. Read more on EHG in HDB InfoWEB.
2) * The starting prices of flats offered under 2-room Flexi scheme are based on 99-year/ remaining lease. Buyers can refer to the prices of individual flats on short lease in the HDB InfoWEB.
3) Selling prices are rounded up to the nearest thousand dollars.
4) To check the lease commencement date of each block, please refer to esales.hdb.gov.sg.
Applications for November 2020 BTO and SBF Exercises
Applications for the flats launched in the November 2020 BTO and SBF exercises can be made online on HDB InfoWEB from today, 17 November 2020 (Tuesday) to 23 November 2020 (Monday). Applicants can apply for only one flat type/category in one town under either the BTO or SBF exercise.
Applicants who wish to take up an HDB housing loan for their flat purchase need to produce a valid HDB Loan Eligibility (HLE) letter when they book a flat, except for young couples who are eligible for deferment of income assessment.All applicants are encouraged to apply for an HLE letter early, at www.hdb.gov.sg/hleapply, so that they will know their budget and book a flat within their budget. The HLE letter will indicate the loan amount based on applicants’ individual financial situations.
Advice for Flat Buyers
HDB will shortlist applicants using a computer ballot, and not on a first-come-first-served basis.Applicants are encouraged to apply for a BTO flat in the non-mature towns to enjoy a higher chance of success in securing a flat. Although SBF flats have a shorter waiting time to completion, the number of units offered in each town is usually small and are likely to attract high application rates. More details on the application procedures can be found in Annex C.
All the information on the BTO and SBF flats on offer is available on the HDB InfoWEB, and members of the public do not have to visit HDB Hub to obtain the information. The number of applications received will also be updated regularly on the HDB InfoWEB. Applicants are advised to apply for flats with lower application rates for better chances of success.
15 Due to existing site conditions and the requirement for building contractors to adhere to strict safe management measures to prevent a resurgence of COVID-19 at construction sites, some projects may take longer than usual to complete. Flat buyers are advised to take the estimated project completion timelines into consideration before submitting an application. Those who have urgent housing needs can consider purchasing an HDB flat in the resale market instead, where first-time buyers may enjoy up to $160,000 in housing grants.
Upcoming BTO Launch in February and May 2021
In February 2021, HDB will offer about 3,500 BTO flats in Bukit Batok, Kallang Whampoa, Tengah and Toa Payoh. In May 2021, HDB will offer another 3,800 BTO flats in Bukit Merah, Geylang, Tengah and Woodlands. More information on the BTO flats is available on the HDB InfoWEB. As the COVID-19 pandemic is evolving, HDB is monitoring the situation, and will make adjustments where necessary.
For enquiries, the public can:
- Log on to esales.hdb.gov.sg; or
- E-mail hdbsales@mailbox.hdb.gov.sg; or
- Visit the HDB Sales Office to speak with Customer Relations Executives during office hours (Monday to Friday 8 am to 5 pm, Saturday 8 am to 1 pm).
[1] At least 85% (for 4-room and 5-room flats) and 70% (for 3-room flats) of the public flat supply in the non-mature towns are set aside for first-timer families. For flats in the mature towns, at least 95% (for 3-room and bigger flats) of the public flat supply are set aside for first-timer families. For the two shorter waiting time projects in Tengah, at least 95% (for 4-room and bigger flats) of the public flat supply will be set aside for first-timer families.
[2] Up to 15% of the 2-room Flexi and 3-room flats in a BTO project (subject to a minimum of 20 units each) are set aside for parents applying under MGPS. The same number of 2-room Flexi and bigger flats are set aside in the same BTO project for their married children.
[3] At least 95% of the supply of balance flats (for 3-room and bigger) are set aside for first-timer families.
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