A 10-Step Guide to Buying
A HDB BTO Flat
Updated May 2024
As of 2024, HDB will hold three launches of Build-to-Order (BTO) every year. The first one has taken place in February and the next will be in June. The locations of the launches are announced about 3 months in advance.
Following is a 10-step guide outlining the purchasing process to help you understand what to anticipate.
If you find yourself confused during your buying process , feel free to revisit this guide. Remember, stick to the fundamentals! 😊
Step 1. Apply for HFE Letter
Step 2. Look Out for the Launch Date
Step 3. Submit your Application
Step 4. Receive the Application Outcome
Step 5. Shortlist your Flat Selection
Step 6. Booking Day
Step 7. Sign Agreement for Lease
Step 7. & Pay Downpayment
Step 1: Apply for HDB Flat Eligibility (HFE) Letter
The application is done on the HDB website and the validity for the HFE letter is 90 days.
The HFE will state your eligibility for,
1) the purchase of a HDB flat,
2) HDB housing loan amount,
3) housing grants.
If you intend to take your home loan from a bank instead of HDB, please indicate so in the application and you will receive an In-Principal Approval (IPA) from the bank.
Step 2: Look Out for the Launch Date
This will be announced on HDB‘s website, social media and the traditional media.
Step 3: Submit your Application
Step 4: Receive the Application Outcome
Step 5: Shortlist your fFlat Selection
Step 6: Booking Day
Step 7: Sign the Agreement Lease & Pay the
Downpayment
Step 8: Construction Period
I personally know people who did not plan ahead, especially when the construction finished earlier than expected. It turned into a problem when they discovered they couldn't afford the renovation. 😞
Step 9: Key Collection
Finally, the day has come!
The balance of the purchase will be settled at this stage, and the key will be handed to you.
If you have taken a home loan with HDB or a bank, the balance will be disbursed by the respective institution, and you will start paying the monthly instalment.
Step 10: Conduct Defect Checks
Congratulations on your new home!