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Singapore’s HDB BTO Scheme: A Pathway to Affordable HomeownershipIn Singapore, owning a home is a significant milestone, and the HDB Build-To-Order (BTO) scheme offers an accessible way for many to achieve this dream. Managed by HDB, the BTO flats are launched periodically, and buyers apply before construction begins.
The application process requires interested individuals or families to submit their preferences and meet specific eligibility criteria. Once the application period closes, flats are allocated through a computerized balloting system which determines the successful applicants.
The pricing of BTO flats is generally lower than resale flats due to government subsidies, easing financial burden for buyers. A notable consideration is the waiting time, often three to five years, before moving into a BTO flat since it is built after applications close.
Location choices for BTO projects vary across Singapore, including popular towns such as Tampines, Punggol, Woodlands, and Jurong East.
Overall, the HDB BTO scheme remains an essential housing pathway that supports Singaporeans in here securing affordable homes in a well-planned urban environment.