🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 192 (from laksa132)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa192.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html\')), getAhrefsUnparsedNoserviceFromURL(\'https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html","crawl_time":1755648852,"first_indexed_time":0,"http_code":200,"src_unparsed":"com,yahoo!news,sg,\/buying-hdb-bto-flat-step-020029220.html s443","src_root_hash":"3401813433841292792","history_drop_reason":null,"meta_title":"Buying an HDB BTO Flat in Singapore: A Step-By-Step Guide (2025)","meta_descriptions":["This year, HDB is set to launch 19,600 Build-to-Order (BTO) flats. That includes 3,800 units—almost 20% of them—with waiting times of under 3 years! It’s going to be an exciting year..."],"attrs_boilerpipe_text":"This year, HDB is set to launch 19,600 Build-to-Order (BTO) flats. That includes 3,800 units—almost 20% of them—with waiting times of under 3 years! It’s going to be an exciting year ahead for prospective homeowners. But i f this is your first BTO application, excitement might quickly give way to intimidation and confusion when you find out how long the process can be. And don’t even get us started on the  acronyms  that can make you want to tear your hair out. Regardless of where you are in your home ownership journey, don’t fret—you’re not alone. In our comprehensive guide, we will delve into the various steps involved in purchasing an HDB BTO flat in Singapore, covering everything from determining your eligibility to the application process to your considering your financing options. By the end of this guide, you should have a clear understanding of what it takes to navigate the HDB BTO flat-buying process and make an informed decision that suits your needs and preferences. Check out our review of the latest HDB BTO sales launch :  HDB BTO Oct 2024 Review—Locations, Application Rates, Prices, and More A Step-By-Step Guide to Buying an HDB BTO Flat in Singapore (2025) Are you eligible for HDB BTO? Apply for an HDB Flat Eligibility (HFE) letter Look out for sales launches Ballot for HDB BTO Get an HDB Loan… and AIP if you’re taking out a bank loan BTO Flat Selection Day, pay option fee Sign BTO lease agreement, pay downpayment BTO Key collection day! What happens if you can’t sign the Agreement of Lease or collect your keys personally? Watch:  Buying an HDB BTO in Singapore—from Flat Application to Key Collection 1. Are you eligible for HDB BTO? To buy an HDB BTO flat, you’ve got to first check if you’re eligible. Otherwise, the government is going to slam the door in your face. You must be at least 21 years old and satisfy  one  of the following in order to purchase a BTO flat: Fiancé and fiancée : At least 1 of you is a Singapore Citizen, and the other is a Singapore Citizen or PR. Be prepared to register your marriage before taking possession of your flat if applying for additional or Enhanced CPF Housing Grant or within 3 months of taking possession of flat. Married couples and\/ or parent(s) with child(ren) : You are a Singapore Citizen, applying with at least 1 other Singapore Citizen or PR as a family nucleus. This means you are applying with: Spouse and kids (if any); OR Parents and siblings (if any), and if you’re unmarried\/ widowed\/ divorced, at least one of your parents is a Singapore Citizen\/PR; OR Your child(ren) under your legal custody (only for widowed\/divorced applicants). Multi-generation families : You are a Singapore Citizen, and are applying with your spouse and parents. Aside from you, at least 1 other applicant must be a Singapore Citizen or PR. This sounds like the “married couple with parents” eligibility condition above, but the difference is that under this scheme you’ll be eligible for a  3Gen flat . Orphaned siblings : You and your siblings are orphans and single (unmarried, divorced, or widowed) and at least 1 of your deceased parents was a Singapore Citizen or PR. Families with non-residents : You are a Singapore Citizen applying with your non-resident spouse who holds a valid Visit Pass or Work Pass that can have any validity period. If you apply with your non-resident parents or child(ren), you’ll only be eligible to buy a resale flat and not a new flat like a BTO. Seniors : You are a Singapore citizen aged 55 and above. You can also apply with your fiancé\/ fiancée or spouse, parent(s) or child(ren), siblings who are orphans and single, your non-resident spouse, or unrelated single citizens. With the exception of your non-resident spouse, the others you apply with must be a Singapore Citizen\/PR. Under this scheme, you can buy a  short-lease 2-room Flexi flat  or  Community Care Apartment . Singles : You are a single Singapore Citizen aged 35 and older applying alone OR with up to 3 other singles, of which at least 1 must be a Singapore Citizen\/PR. Note that you’ll only be eligible for 2-room flats, but they can be in any location. Read more about HDB’s eligibility requirements when you apply as a  couple or family ,  senior , or as a  single . ALSO READ :  Guide to Buying HDB Flats for Singles in Singapore 2025 In addition, you’ll have to ensure you’re not making too much money to qualify for the flat you’re eyeing. Here are the  income ceilings for the various types of flats : 2-room Flexi flat : $7,000; or $14,000 for short-lease flats (max 45-year lease) 3-room flat : $7,000; or $14,000 depending on which project you’re balloting for. Check the sales launch to know the exact income ceiling. 4-room flat or bigger : $14,000; or $21,000 if you’re purchasing the flat as an extended or multi-generation family. Note that your children included as co-applicants or occupiers also contribute to the total household income if they’re earning an income. Include their salaries when you’re adding things up to make sure you don’t bust that  income ceiling as an extended family . You (and anyone else in your BTO application)  must also not own any other property , HDB or private, locally or overseas. If you currently own  private property , you’ll need to sell off your property  at least 30 months  before you apply for the  HFE letter , which you in turn should apply for before you apply for your BTO. If you currently own an  HDB flat , you must dispose of the flat  within 6 months  of the completion of your BTO flat. Back to top 2. Apply for an HDB Flat Eligibility (HFE) letter In 2023, the government introduced a new step to the BTO process—the application of the HFE Letter. Even before you start searching the web for new launches, HDB now requires you to first apply for an HDB Flat Eligibility (HFE) letter through the  HDB Flat Portal . You will need your Singpass to sign in. This letter will set out whether you are eligible to buy a flat, apply for the Enhanced CPF Housing Grant and take up an HDB or bank loan. In other words, it will mine your data and tell you most of what you need to know. You cannot escape applying for the HFE Letter even if you already have all the necessary information. Without it, you cannot even apply for a flat. It will take about  1 month  for the HFE Letter to be issued after receipt of your application and supporting documents. It may be longer during peak periods, so applying earlier is safer. Once you get your hands on it, the HFE Letter is  valid for 9 months  from the date of issue. Bottom line: Once you (and your fiancé\/family, if applicable) decide you want to try for a flat, you should apply for the HFE Letter as soon as you can. It’s better to have it ready rather than wait until a launch you are interested in rolls around. PSA : If you plan to apply for a BTO flat during the Feb 2025 sales exercise, HDB actually recommended you apply by 15 Dec 2024. That’s how early you should apply for it! You can  apply for your HFE letter  for the next sales exercise instead. The HFE Letter is not to be confused with the now-defunct HDB Loan Eligibility (HLE) Letter, which was meant solely for those taking out an HDB Housing Loan.  The HLE Letter was meant to be applied for AFTER balloting for a flat, and only those taking out an HDB loan had to apply. The HFE Letter now replaces the HLE Letter. But do note that  every single applicant, regardless of loan, needs to apply for the HFE Letter BEFORE balloting. Back to top 3. Look out for sales launches First, you’ll have to  check the HDB website regularly  for news of upcoming sales launches. To make life easier, sign up for  HDB’s eAlert Service  so you can be notified of upcoming launches. HDB typically announces upcoming BTO projects  at least 3 months prior to their launch . This should give you ample time to plan for the location you want. Can’t wait for the next launch to get a preview? Check out our reviews of the past launches here: Back to top 4. Ballot for your BTO When you see a launch in an area that interests you,  pay a  $10 application fee  to ballot  for it during the BTO application window. If you thought striking Toto was hard, try balloting for an HDB flat. How many tries it takes you to get a flat depends on your luck. While some people get it on the first or second try, we’ve heard of cases where couples tried more than 10 times to no avail. Expect to wait  a maximum of  2 months  to know if you are successful or not. See HDB’s website for more details on the  HDB BTO application timeline and process . Back to top 5. Get an HDB Loan…or AIP if you’re taking out a bank loan Finally! The heavens smile upon you and you receive a decent queue number. After buying 4D on your lucky day, what’s next? Before you progress to the next stage and sign your life away, it’s worthwhile to plan your finances using this  helpful HDB tool . A crucial part of the financing process is to decide on whom to get your home loan from. You have a choice between taking out an  HDB loan vs bank loan . First-timers typically go for an HDB loan since the downpayment amount that HDB requires is less. But if you’re savvy and have enough savings, you can usually opt for a bank loan to get lower interest rates—we say “usually” because interest rates for housing loans are currently higher than HDB loans. Here’s a pro tip the HDB staff told me when I was booking my own BTO:  Choose an HDB loan first if you’re unsure.  You can later switch from an HDB loan to a bank loan, but cannot switch from a bank loan to an HDB loan. Either way, you’ll need to get some kind of loan approval in principal BEFORE you  chope  the flat. You’ll need to have all your loan documents in order to sign the lease agreement. HDB loan : You would already have obtained your HFE Letter before you applied for the flat, so there’s no further action needed here. The letter will tell you how much money HDB is willing to loan you. Bank loan : You would have concurrently applied for in-principle approval (AIP) from the bank with your HFE letter application. With the new HFE letter, applicants should have worked out their financing options ahead of time—even before you applied for your BTO. So you would know what your options are. Back to top 6. BTO Flat Selection Day! And pay option fee You’ll get called in to select a unit from  4 weeks  after the release of the ballot results. Your queue number will determine your priority in choosing a unit. The number of people allotted queue numbers will exceed the number of units, so if your queue number is way out there, chances are you won’t be able to get your hands on a unit and will have to ballot again. When it comes time to show up at HDB Hub to book your flat, don’t forget to bring along your IC and income documents if you are taking a housing loan from the HDB. Once you’ve selected your unit, start the purchase process by paying the option fee on the spot. By securing the Option to Purchase (OTP), you get the right to purchase your flat. The amount which you have to pay depends on your flat type. Note that payment can only be made via NETS. $500 for 2-room flexi flats $1,000 for 3-room flats $2,000 for 4 room or larger flats Option to Purchase Option Fee You will also apply for your CPF housing grants at this point. Make sure you  download the application forms for Enhanced CPF Housing Grant  and bring them along to your flat booking appointment. ALSO READ :  HDB Grants Guide: What’s the Max CPF Housing Grant You Can Get? Back to top 7. Sign BTO lease agreement, pay downpayment In the past, you’d have to make a trip back to HDB Hub to sign the lease agreement within 4 months of booking a flat. But now, the wait between flat booking and signing the lease agreement can be up to  9 months . Make sure you’ve gotten your HDB loan or bank loan arrangements in order by that time. On the day you sign the lease agreement, you’ll have to fork out the downpayment, as well as stamp duties and legal fees. Downpayment at the signing of Agreement for Lease You must make a portion of your  downpayment  on the day you sign the lease at HDB Hub. You’ll pay the rest of your downpayment during key collection. How much your downpayment at the signing of your lease agreement will be depends on whether you’re taking out an HDB or a bank loan. Buyers taking out HDB loan or no loan— 10% of the purchase price (Cash and\/or CPF). Buyers taking out bank loan— 20% (minimum 5% in cash, remaining 15% using CPF savings and\/or cash) For those taking out a bank loan, the above scenario is based on a  Loan To Value (LTV) limit  of 75%. The LTV determines how much you are able to borrow from the bank in order to finance your home purchase. Legal fees and stamp duties Your legal fees and stamp duty can be paid using a mixture of cash and CPF. The stamp duty rates are as follows: First $180,000: 1% Next $180,000: 2% Next $640,000: 3% Next $500,000: 4% Next $1,500,000: 5% Remaining amount: 6% Use our handy  stamp duty calculator  to figure out how much you’ll need to pay. Staggered Downpayment Scheme If you’re a couple applying for a BTO for the first time before the younger applicant’s 30th birthday or an existing flat owner downgrading to a 3-room or smaller flat in a non-mature estate, you can apply for the  Staggered Downpayment Scheme . As the name implies, this allows you to split the downpayment into two payments: First payment when signing the lease agreement Second payment when you sign the Terms of Agreement and collect your keys If you’re wondering how this differs from the regular downpayment scheme, it lets you push a larger percentage of your downpayment to the day you collect your keys. For those taking out a  bank loan , the following is the breakdown of payment: Downpayment at signing of agreement for lease : 5% in cash + 5% using CPF OA savings or cash Payment during collection of keys : 15% using CPF OA savings or cash However, if you’re taking out an  HDB loan , the following applies: Downpayment at signing of agreement for lease : 5% using CPF OA savings or cash Payment during collection of keys : 15% using CPF OA savings or cash Now, all you can do is wait for your BTO flat to be completed. This stage typically takes a few years—I mean, it’s called “build-to-order” for a reason. Staggered Downpayment Scheme (for young couples) If you and your boo are NSFs or fresh graduates, you’re eligible for deferred income assessment. That means your initial downpayment at the lease agreement signing stage is even lower: Downpayment at signing of agreement for lease : 2.5% using CPF OA savings or cash Payment during collection of keys : 17.5% using CPF OA savings or cash That gives you guys more time to pool your savings and get together enough moolah for the remaining 17.5% you need to fork out during key collection. Read more about  HDB housing schemes to help young couples . Deferred Downpayment Scheme (for seniors) The DDS is for seniors aged 55 years and above who are downsizing their flats. They should still own their existing flat at the time of application and have booked an uncompleted 3-room or smaller flat in an HDB sales exercise. Buyers who successfully apply for the DDS will only have to pay stamp duty and legal fees when they sign the Agreement for Lease. They only need to pay the purchase price of the flat upon collection of the keys. Back to top 8. BTO Key collection day! At some point, HDB will notify you to say that you can pick up the keys to your unit. Hooray! Payment during the collection of keys The day you collect your keys, years later, you’ll have to pay the following: Buyers taking out HDB loan or no loan : 15% (CPF savings or cash) Buyers taking out bank loan : 5% (CPF savings or cash) For those taking out a bank loan, the following example is based on an LTV limit of 75%. Selling your old flat and buying a new one If you already own an existing HDB flat, you must dispose of it within 6 months from your BTO flat completion. To help you out, HDB lets you take out a  Contra Payment Facility  that will enable you to save a bit of money while coordinating the sale of your first flat and the purchase of the new one. If you do not intend to take out a loan, you can opt for the  Temporary Loan Scheme  which will enable you to use the nett proceeds from the sale of your existing flat to pay for your new flat without having to take out a housing loan. As a second-time flat buyer, you’ll need to pay a  resale levy  when you sell your existing flat to buy a new one. The resale levy will be automatically deducted by the HDB from your sale proceeds. If there is any shortfall, this must be settled in cash. Other things to pay upon key collection When you collect the keys, you’ll also be charged the following: Survey fees —You will need to pay $164 to $409, depending on flat type, for a surveyor to inspect the condition and value of your flat. This can be paid using CPF savings if you wish. Flat Type Survey Fee (inclusive of GST) 2-room Flexi\/ Community Care Apartment $163.50 3-room $231.60 4-room $299.75 5-room $354.25 Executive $408.75 Registration fees —You will have to pay a $38.30 registration fee if you are using HDB’s lawyers. Stamp duty for Deed of Assignment —This must be paid for anyone taking out a housing loan, and costs 0.40% of the loan amount up to a maximum of $500. Home Protection Scheme (HPS) —This mortgage-reducing insurance offered by the CPF Board is compulsory for those using CPF savings to repay their home loan. Premiums are to be paid using CPF savings and\/or cash. Use  HDB’s HPS calculator  to find out how much you’d need to pay per year. Fire Insurance — Fire insurance  is compulsory for those taking out HDB loan. You must produce your Certificate of Insurance from HDB’s appointed insurer, Etiqa, on the day you collect your keys. The premiums range from $1.99 for coverage of $57,000 for a 2-room Flexi flat to $5.43 for coverage of $144,800 for a 5-room flat. Back to top 9. What happens if you can’t sign the Agreement of Lease or collect your keys personally? You can sign an HDB  Power of Attorney (POA)  appointing another person to act on your behalf in specified matters. For instance, you might appoint someone to help you sign certain documents such as the Agreement to Lease. This might be necessary if you are not in Singapore on certain dates. You need to submit all your POA documents to HDB at least 2 weeks before your appointment, so plan ahead. There’s also a good 8 documents (including photocopies) to submit, so get prepared early—read more about the  POA on HDB’s website . Back to top Found this article useful? Share this with fellow homeowners-to-be! Buying an HDB BTO Flat in Singapore: A Step-By-Step Guide (2025)  was first published on the  MoneySmart blog . MoneySmart  makes it easy to take control of your finances. Stay in the loop—follow us on  Instagram ,  Telegram , and  Facebook  for the latest on personal finance. Ready to find the best  loans ,  insurance , or  credit card  offers in Singapore? Compare them on our site now. © 2009-2024 MoneySmart. All rights reserved.","attrs_markdown":"- [HOME](https:\/\/sg.yahoo.com\/)\n- [MAIL](https:\/\/mail.yahoo.com\/?.intl=sg&.lang=en-SG)\n- [NEWS](https:\/\/sg.news.yahoo.com\/)\n- [FINANCE](https:\/\/sg.finance.yahoo.com\/)\n- [SPORT](https:\/\/sg.news.yahoo.com\/sports\/)\n- [ENTERTAINMENT](https:\/\/sg.style.yahoo.com\/tagged\/celebrity\/)\n- [LIFE](https:\/\/sg.style.yahoo.com\/)\n- [SEARCH](https:\/\/search.yahoo.com\/search\/)\n- [SHOPPING](https:\/\/shopping.yahoo.com\/)\n- [MORE...](https:\/\/sg.yahoo.com\/everything\/)\n\n[![](https:\/\/s.yimg.com\/rz\/stage\/p\/yahoo_news_en-US_h_p_newsv2.png)![](https:\/\/s.yimg.com\/rz\/stage\/p\/yahoo_news_en-US_h_p_newsv2.png) Yahoo News](https:\/\/sg.news.yahoo.com\/)\n\n[Sign in](https:\/\/login.yahoo.com\/?.lang=en-SG&.intl=sg&src=news&.done=https%3A%2F%2Fsg.news.yahoo.com%2Fbuying-hdb-bto-flat-step-020029220.html&pspid=&activity=ybar-signin)\n\n[Mail](https:\/\/mail.yahoo.com\/?.intl=sg&.lang=en-SG&pspid=&activity=ybar-mail)\n\n[Sign in](https:\/\/mail.yahoo.com\/?.intl=sg&.lang=en-SG&pspid=&activity=ybar-mail) to view your emails\n\n- [News](https:\/\/sg.news.yahoo.com\/)\n- [Singapore](https:\/\/sg.news.yahoo.com\/singapore\/)\n- [Mental Health](https:\/\/sg.yahoo.com\/topics\/health-mental-wellness\/)\n  - [Relationship and Dating](https:\/\/sg.yahoo.com\/topics\/relationship-dating\/)\n- [Sports](https:\/\/sg.news.yahoo.com\/sports\/)\n  - [EPL](https:\/\/sg.yahoo.com\/topics\/epl)\n  - [Football](https:\/\/sg.yahoo.com\/topics\/football\/)\n- [Games](https:\/\/sg.yahoo.com\/topics\/sg-gaming\/)\n  - [Genshin Impact](https:\/\/sg.yahoo.com\/topics\/genshin-impact\/)\n  - [Honkai: Star Rail](https:\/\/sg.yahoo.com\/topics\/honkai-star-rail\/)\n  - [Dota 2](https:\/\/sg.yahoo.com\/topics\/dota-2\/)\n  - [League of Legends](https:\/\/sg.yahoo.com\/topics\/league-of-legends\/)\n  - [VALORANT](https:\/\/sg.yahoo.com\/topics\/valorant\/)\n  - [Esports](https:\/\/sg.yahoo.com\/topics\/sg-esports\/)\n  - [Diablo 4](https:\/\/sg.yahoo.com\/topics\/diablo\/)\n- [Fitspo](https:\/\/sg.yahoo.com\/topics\/singapore-fitspo-of-the-week\/)\n- [World](https:\/\/sg.news.yahoo.com\/world\/)\n- [Shopping](https:\/\/sg.yahoo.com\/topics\/shopping\/)\n- [Videos](https:\/\/sg.news.yahoo.com\/video\/)\n- [Weather](https:\/\/sg.news.yahoo.com\/weather)\n\n…\n\nAdvertisement\n\n[**Close this content**](https:\/\/sg.news.yahoo.com\/)\n\nRead full article\n\n[![MoneySmart](https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/elb9EtAUC6QxJx5Sv.yXkA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTMzNDtoPTYw\/https:\/\/s.yimg.com\/os\/creatr-uploaded-images\/2021-03\/edaa8840-7dde-11eb-bfd5-1794d819e6d4)MoneySmart](http:\/\/www.moneysmart.sg\/)\n\n# Buying an HDB BTO Flat in Singapore: A Step-By-Step Guide (2025)\n\nJoanne Poh\n\n27 January 2025\n\n·18-min read\n\nLink copied\n\n![buy bto flat step by step guide 2025](https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/awh9z_CZPLeTz3x5HTh51w--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyNDI7aD03ODg-\/https:\/\/media.zenfs.com\/en\/MoneySmart.sg\/a16d078f0bc51351e78bf260431d74c3)\n\nbuy bto flat step by step guide 2025\n\nThis year, HDB is set to launch 19,600 Build-to-Order (BTO) flats. That includes 3,800 units—almost 20% of them—with waiting times of under 3 years! It’s going to be an exciting year ahead for prospective homeowners.\n\nBut if this is your first BTO application, excitement might quickly give way to intimidation and confusion when you find out how long the process can be. And don’t even get us started on the [acronyms](https:\/\/blog.moneysmart.sg\/property\/terms-to-know-when-buying-a-house\/) that can make you want to tear your hair out.\n\nRegardless of where you are in your home ownership journey, don’t fret—you’re not alone. In our comprehensive guide, we will delve into the various steps involved in purchasing an HDB BTO flat in Singapore, covering everything from determining your eligibility to the application process to your considering your financing options.\n\nBy the end of this guide, you should have a clear understanding of what it takes to navigate the HDB BTO flat-buying process and make an informed decision that suits your needs and preferences.\n***\n**Check out our review of the latest HDB BTO sales launch**: **[HDB BTO Oct 2024 Review—Locations, Application Rates, Prices, and More](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-oct-2024-review\/)**\n***\n## A Step-By-Step Guide to Buying an HDB BTO Flat in Singapore (2025)\n1. [Are you eligible for HDB BTO?](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#eligible)\n2. [Apply for an HDB Flat Eligibility (HFE) letter](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#hfe)\n3. [Look out for sales launches](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#saleslaunch)\n4. [Ballot for HDB BTO](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#ballot)\n5. [Get an HDB Loan… and AIP if you’re taking out a bank loan](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#loan)\n6. [BTO Flat Selection Day, pay option fee](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#select)\n7. [Sign BTO lease agreement, pay downpayment](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#sign)\n8. [BTO Key collection day\\!](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#key)\n9. [What happens if you can’t sign the Agreement of Lease or collect your keys personally?](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#poa)\n\nADVERTISEMENT\n\n**Watch:** Buying an HDB BTO in Singapore—from Flat Application to Key Collection\n\n## **1\\. Are you eligible for HDB BTO?**\nTo buy an HDB BTO flat, you’ve got to first check if you’re eligible. Otherwise, the government is going to slam the door in your face.\n\nYou must be at least 21 years old and satisfy one of the following in order to purchase a BTO flat:\n\n- **Fiancé and fiancée**: At least 1 of you is a Singapore Citizen, and the other is a Singapore Citizen or PR. Be prepared to register your marriage before taking possession of your flat if applying for additional or Enhanced CPF Housing Grant or within 3 months of taking possession of flat.\n- **Married couples and\/ or parent(s) with child(ren)**: You are a Singapore Citizen, applying with at least 1 other Singapore Citizen or PR as a family nucleus. This means you are applying with:\n  - Spouse and kids (if any); OR\n  - Parents and siblings (if any), and if you’re unmarried\/ widowed\/ divorced, at least one of your parents is a Singapore Citizen\/PR; OR\n  - Your child(ren) under your legal custody (only for widowed\/divorced applicants).\n- **Multi-generation families**: You are a Singapore Citizen, and are applying with your spouse and parents. Aside from you, at least 1 other applicant must be a Singapore Citizen or PR. This sounds like the “married couple with parents” eligibility condition above, but the difference is that under this scheme you’ll be eligible for a **3Gen flat**.\n- **Orphaned siblings**: You and your siblings are orphans and single (unmarried, divorced, or widowed) and at least 1 of your deceased parents was a Singapore Citizen or PR.\n- **Families with non-residents**: You are a Singapore Citizen applying with your non-resident spouse who holds a valid Visit Pass or Work Pass that can have any validity period. If you apply with your non-resident parents or child(ren), you’ll only be eligible to buy a resale flat and not a new flat like a BTO.\n- **Seniors**: You are a Singapore citizen aged 55 and above. You can also apply with your fiancé\/ fiancée or spouse, parent(s) or child(ren), siblings who are orphans and single, your non-resident spouse, or unrelated single citizens. With the exception of your non-resident spouse, the others you apply with must be a Singapore Citizen\/PR. Under this scheme, you can buy a **short-lease 2-room Flexi flat** or **Community Care Apartment**.\n- **Singles**: You are a single Singapore Citizen aged 35 and older applying alone OR with up to 3 other singles, of which at least 1 must be a Singapore Citizen\/PR. Note that you’ll only be eligible for 2-room flats, but they can be in any location.\n\nADVERTISEMENT\n\nRead more about HDB’s eligibility requirements when you apply as a [couple or family](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/understanding-your-eligibility-and-housing-loan-options\/flat-and-grant-eligibility\/couples-and-families), [senior](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/understanding-your-eligibility-and-housing-loan-options\/flat-and-grant-eligibility\/seniors), or as a [single](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/understanding-your-eligibility-and-housing-loan-options\/flat-and-grant-eligibility\/singles).\n***\n**ALSO READ**: [Guide to Buying HDB Flats for Singles in Singapore 2025](https:\/\/www.moneysmart.sg\/home-loan\/housing-guide-for-singles-ms)\n***\nIn addition, you’ll have to ensure you’re not making too much money to qualify for the flat you’re eyeing. Here are the **[income ceilings for the various types of flats](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/-\/media\/doc\/PressReleases\/corp-pr10092019annex-c.ashx)**:\n\n- **2-room Flexi flat**: \\$7,000; or \\$14,000 for short-lease flats (max 45-year lease)\n- **3-room flat**: \\$7,000; or \\$14,000 depending on which project you’re balloting for. Check the sales launch to know the exact income ceiling.\n- **4-room flat or bigger**: \\$14,000; or \\$21,000 if you’re purchasing the flat as an extended or multi-generation family.\n\nNote that your children included as co-applicants or occupiers also contribute to the total household income if they’re earning an income. Include their salaries when you’re adding things up to make sure you don’t bust that [income ceiling as an extended family](https:\/\/www.hdb.gov.sg\/-\/media\/doc\/EAPG\/Income-ceiling-for-extended-family.ashx).\n\nADVERTISEMENT\n\nYou (and anyone else in your BTO application) **must also not own any other property**, HDB or private, locally or overseas.\n\n- If you currently own **private property**, you’ll need to sell off your property **at least 30 months** before you apply for the [HFE letter](https:\/\/blog.moneysmart.sg\/property\/hdb-hfe-letter\/), which you in turn should apply for before you apply for your BTO.\n- If you currently own an **HDB flat**, you must dispose of the flat **within 6 months** of the completion of your BTO flat.\n\n[Back to top](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#top)\n\n|   |\n|---|\n| [Buying an HDB BTO Flat in Singapore: A Step-By-Step Guide (2025)](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-flat-guide\/) [Guide to the HDB Flat Eligibility (HFE) Letter (2024): When You Need It, How to Apply, and More](https:\/\/blog.moneysmart.sg\/property\/hdb-hfe-letter\/) [HDB BTO Jun 2024 Review: Locations, Prices, Site Plans, Expected Application Rates, and More](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-jun-2024-review\/) [HDB Downpayment Guide: How Much Do You Need for BTO, Resale & EC?](https:\/\/blog.moneysmart.sg\/home-loans\/hdb-downpayment-guide\/) [What Is The Additional Buyer’s Stamp Duty (ABSD) “99-1 Loophole” in Singapore and Is It Illegal? (2024)](https:\/\/blog.moneysmart.sg\/property\/absd-tax-loophole\/) [HDB Sale of Balance Flats: Guide to SBF & Open Booking (2024)](https:\/\/blog.moneysmart.sg\/property\/hdb-sales-of-balance-flats\/) |\n## 2\\. Apply for an HDB Flat Eligibility (HFE) letter\nIn 2023, the government introduced a new step to the BTO process—the application of the HFE Letter.\n\nADVERTISEMENT\n\nEven before you start searching the web for new launches, HDB now requires you to first apply for an HDB Flat Eligibility (HFE) letter through the [HDB Flat Portal](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/homepage). You will need your Singpass to sign in.\n\nThis letter will set out whether you are eligible to buy a flat, apply for the Enhanced CPF Housing Grant and take up an HDB or bank loan. In other words, it will mine your data and tell you most of what you need to know.\n\nYou cannot escape applying for the HFE Letter even if you already have all the necessary information. Without it, you cannot even apply for a flat.\n\nIt will take about **1 month** for the HFE Letter to be issued after receipt of your application and supporting documents. It may be longer during peak periods, so applying earlier is safer. Once you get your hands on it, the HFE Letter is **valid for 9 months** from the date of issue.\n\nBottom line: Once you (and your fiancé\/family, if applicable) decide you want to try for a flat, you should apply for the HFE Letter as soon as you can. It’s better to have it ready rather than wait until a launch you are interested in rolls around.\n\n|   |\n|---|\n| **PSA**: If you plan to apply for a BTO flat during the Feb 2025 sales exercise, HDB actually recommended you apply by 15 Dec 2024. That’s how early you should apply for it! You can [apply for your HFE letter](https:\/\/iam.hdb.gov.sg\/common\/login?spcptracking=1713980748776__bb51_72f0b68f38a0) for the next sales exercise instead. |\n\n**The HFE Letter is not to be confused with the now-defunct HDB Loan Eligibility (HLE) Letter, which was meant solely for those taking out an HDB Housing Loan.** The HLE Letter was meant to be applied for AFTER balloting for a flat, and only those taking out an HDB loan had to apply.\n\nThe HFE Letter now replaces the HLE Letter. But do note that **every single applicant, regardless of loan, needs to apply for the HFE Letter BEFORE balloting.**\n\n[Back to top](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#top)\n\n## 3\\. Look out for sales launches\nFirst, you’ll have to [check the HDB website regularly](https:\/\/homes.hdb.gov.sg\/home\/landing) for news of upcoming sales launches. To make life easier, sign up for [HDB’s eAlert Service](https:\/\/services2.hdb.gov.sg\/webapp\/BF08CESS\/MainController?action=new) so you can be notified of upcoming launches.\n\nHDB typically announces upcoming BTO projects **at least 3 months prior to their launch**. This should give you ample time to plan for the location you want.\n\nCan’t wait for the next launch to get a preview? Check out our reviews of the past launches here:\n\n- [BTO Feb 2023](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-feb-2023\/) review\n- [BTO May 2023](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-may-2023\/) review\n- [BTO Sep 2023](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-aug-2023\/) review (The third BTO of the year is usually in August, but 2023’s got pushed back)\n- [BTO Dec 2023](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-dec-2023-review\/) review (Since the Aug BTO got pushed to Sep, the Nov one got pushed to Dec)\n- [BTO Feb 2024](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-feb-2024-review\/) review (this BTO sales exercise also included a [Sale of Balance Flats](https:\/\/blog.moneysmart.sg\/property\/hdb-sales-of-balance-flats\/) exercise)\n- [BTO Jun 2024](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-jun-2024-review\/) review (we’re only expecting 3 BTO sales launches in 2024, so the usual May one got pushed to Jun)\n- [BTO Oct 2024](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-oct-2024-review\/) review (the biggest number of projects launched in a single BTO exercise to date!)\n\n[Back to top](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#top)\n\n## **4\\. Ballot for your BTO**\nWhen you see a launch in an area that interests you, pay a **\\$10 application fee** to ballot for it during the BTO application window.\n\nIf you thought striking Toto was hard, try balloting for an HDB flat. How many tries it takes you to get a flat depends on your luck. While some people get it on the first or second try, we’ve heard of cases where couples tried more than 10 times to no avail.\n\nExpect to wait **a maximum of 2 months** to know if you are successful or not.\n\nSee HDB’s website for more details on the [HDB BTO application timeline and process](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/buying-procedure-for-new-flats\/timeline).\n\n[Back to top](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#top)\n\n## 5\\. Get an HDB Loan…or AIP if you’re taking out a bank loan\nFinally! The heavens smile upon you and you receive a decent queue number. After buying 4D on your lucky day, what’s next?\n\nBefore you progress to the next stage and sign your life away, it’s worthwhile to plan your finances using this [helpful HDB tool](https:\/\/homes.hdb.gov.sg\/home\/calculator\/budget).\n\nA crucial part of the financing process is to decide on whom to get your home loan from. You have a choice between taking out an [HDB loan vs bank loan](https:\/\/blog.moneysmart.sg\/home-loans\/bank-loan-vs-hdb-loan-which-is-better\/).\n\nFirst-timers typically go for an HDB loan since the downpayment amount that HDB requires is less. But if you’re savvy and have enough savings, you can usually opt for a bank loan to get lower interest rates—we say “usually” because interest rates for housing loans are currently higher than HDB loans.\n\nHere’s a pro tip the HDB staff told me when I was booking my own BTO: **Choose an HDB loan first if you’re unsure.** You can later switch from an HDB loan to a bank loan, but cannot switch from a bank loan to an HDB loan.\n\nEither way, you’ll need to get some kind of loan approval in principal BEFORE you *chope* the flat. You’ll need to have all your loan documents in order to sign the lease agreement.\n\n- **HDB loan**: You would already have obtained your HFE Letter before you applied for the flat, so there’s no further action needed here. The letter will tell you how much money HDB is willing to loan you.\n- **Bank loan**: You would have concurrently applied for in-principle approval (AIP) from the bank with your HFE letter application.\n\nWith the new HFE letter, applicants should have worked out their financing options ahead of time—even before you applied for your BTO. So you would know what your options are.\n\n[Back to top](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#top)\n\n## 6\\. BTO Flat Selection Day! And pay option fee\nYou’ll get called in to select a unit from **4 weeks** after the release of the ballot results.\n\nYour queue number will determine your priority in choosing a unit. The number of people allotted queue numbers will exceed the number of units, so if your queue number is way out there, chances are you won’t be able to get your hands on a unit and will have to ballot again.\n\nWhen it comes time to show up at HDB Hub to book your flat, don’t forget to bring along your IC and income documents if you are taking a housing loan from the HDB.\n\nOnce you’ve selected your unit, start the purchase process by paying the option fee on the spot. By securing the Option to Purchase (OTP), you get the right to purchase your flat.\n\nThe amount which you have to pay depends on your flat type. Note that payment can only be made via NETS.\n\n- \\$500 for 2-room flexi flats\n- \\$1,000 for 3-room flats\n- \\$2,000 for 4 room or larger flats\n\n![Option to Purchase Option Fee](https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/wVd2XTsEo5e7pMU08ZXqtg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU5OQ--\/https:\/\/media.zenfs.com\/en\/MoneySmart.sg\/0a50de143ab149517488e06b3e0ab4f9)\n\n![Option to Purchase Option Fee](https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/wVd2XTsEo5e7pMU08ZXqtg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU5OQ--\/https:\/\/media.zenfs.com\/en\/MoneySmart.sg\/0a50de143ab149517488e06b3e0ab4f9)\n\nOption to Purchase Option Fee\n\nYou will also apply for your CPF housing grants at this point. Make sure you [download the application forms for Enhanced CPF Housing Grant](https:\/\/www.hdb.gov.sg\/-\/media\/doc\/EAPG\/ehg-form.pdf) and bring them along to your flat booking appointment.\n***\n**ALSO READ**: [HDB Grants Guide: What’s the Max CPF Housing Grant You Can Get?](https:\/\/blog.moneysmart.sg\/property\/hdb-cpf-housing-grant-guide\/)\n***\n[Back to top](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#top)\n\n## 7\\. Sign BTO lease agreement, pay downpayment\nIn the past, you’d have to make a trip back to HDB Hub to sign the lease agreement within 4 months of booking a flat. But now, the wait between flat booking and signing the lease agreement can be up to **9 months**.\n\nMake sure you’ve gotten your HDB loan or bank loan arrangements in order by that time.\n\nOn the day you sign the lease agreement, you’ll have to fork out the downpayment, as well as stamp duties and legal fees.\n\n### Downpayment at the signing of Agreement for Lease\nYou must make a portion of your [downpayment](https:\/\/blog.moneysmart.sg\/home-loans\/hdb-downpayment-guide\/) on the day you sign the lease at HDB Hub. You’ll pay the rest of your downpayment during key collection.\n\nHow much your downpayment at the signing of your lease agreement will be depends on whether you’re taking out an HDB or a bank loan.\n\n- **Buyers taking out HDB loan or no loan—**10% of the purchase price (Cash and\/or CPF).\n  - Or 5% under the [Staggered Downpayment Scheme](https:\/\/blog.moneysmart.sg\/home-loans\/hdb-downpayment-guide\/) (we’ll elaborate below)\n  - Or 2.5% under [deferred income assessment](https:\/\/blog.moneysmart.sg\/property\/hdb-housing-schemes-young-couples\/) for students and NSFs (we’ll also elaborate below)\n- **Buyers taking out bank loan—**20% (minimum 5% in cash, remaining 15% using CPF savings and\/or cash)\n\nFor those taking out a bank loan, the above scenario is based on a [Loan To Value (LTV) limit](https:\/\/blog.moneysmart.sg\/property\/terms-to-know-when-buying-a-house\/) of 75%. The LTV determines how much you are able to borrow from the bank in order to finance your home purchase.\n\n### Legal fees and stamp duties\nYour legal fees and stamp duty can be paid using a mixture of cash and CPF. The stamp duty rates are as follows:\n\n- First \\$180,000: 1%\n- Next \\$180,000: 2%\n- Next \\$640,000: 3%\n- Next \\$500,000: 4%\n- Next \\$1,500,000: 5%\n- Remaining amount: 6%\n\nUse our handy [stamp duty calculator](https:\/\/www.moneysmart.sg\/home-loan\/stamp-duty-calculator) to figure out how much you’ll need to pay.\n\n### Staggered Downpayment Scheme\nIf you’re a couple applying for a BTO for the first time before the younger applicant’s 30th birthday or an existing flat owner downgrading to a 3-room or smaller flat in a non-mature estate, you can apply for the [Staggered Downpayment Scheme](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/residential\/buying-a-flat\/buying-procedure-for-new-flats\/sign-agreement-for-lease?anchor=downpayment#:~:text=The%20Staggered%20Downpayment%20Scheme%20helps,key%20collection%20to%20your%20flat.).\n\nAs the name implies, this allows you to split the downpayment into two payments:\n\n- First payment when signing the lease agreement\n- Second payment when you sign the Terms of Agreement and collect your keys\n\nIf you’re wondering how this differs from the regular downpayment scheme, it lets you push a larger percentage of your downpayment to the day you collect your keys.\n\nFor those taking out a **bank loan**, the following is the breakdown of payment:\n\n- **Downpayment at signing of agreement for lease**: 5% in cash + 5% using CPF OA savings or cash\n- **Payment during collection of keys**: 15% using CPF OA savings or cash\n\nHowever, if you’re taking out an **HDB loan**, the following applies:\n\n- **Downpayment at signing of agreement for lease**: 5% using CPF OA savings or cash\n- **Payment during collection of keys**: 15% using CPF OA savings or cash\n\nNow, all you can do is wait for your BTO flat to be completed. This stage typically takes a few years—I mean, it’s called “build-to-order” for a reason.\n\n### **Staggered Downpayment Scheme (for young couples)**\nIf you and your boo are NSFs or fresh graduates, you’re eligible for deferred income assessment. That means your initial downpayment at the lease agreement signing stage is even lower:\n\n- **Downpayment at signing of agreement for lease**: 2.5% using CPF OA savings or cash\n- **Payment during collection of keys**: 17.5% using CPF OA savings or cash\n\nThat gives you guys more time to pool your savings and get together enough moolah for the remaining 17.5% you need to fork out during key collection. Read more about [HDB housing schemes to help young couples](https:\/\/blog.moneysmart.sg\/property\/hdb-housing-schemes-young-couples\/).\n\n### **Deferred Downpayment Scheme (for seniors)**\nThe DDS is for seniors aged 55 years and above who are downsizing their flats. They should still own their existing flat at the time of application and have booked an uncompleted 3-room or smaller flat in an HDB sales exercise.\n\nBuyers who successfully apply for the DDS will only have to pay stamp duty and legal fees when they sign the Agreement for Lease. They only need to pay the purchase price of the flat upon collection of the keys.\n\n[Back to top](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#top)\n\n## **8\\. BTO Key collection day\\!**\nAt some point, HDB will notify you to say that you can pick up the keys to your unit. Hooray\\!\n\n### **Payment during the collection of keys**\nThe day you collect your keys, years later, you’ll have to pay the following:\n\n- **Buyers taking out HDB loan or no loan**: 15% (CPF savings or cash)\n- **Buyers taking out bank loan**: 5% (CPF savings or cash)\n\nFor those taking out a bank loan, the following example is based on an LTV limit of 75%.\n\n### **Selling your old flat and buying a new one**\nIf you already own an existing HDB flat, you must dispose of it within 6 months from your BTO flat completion. To help you out, HDB lets you take out a [Contra Payment Facility](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/residential\/buying-a-flat\/buying-procedure-for-new-flats\/key-collection?anchor=contra) that will enable you to save a bit of money while coordinating the sale of your first flat and the purchase of the new one.\n\nIf you do not intend to take out a loan, you can opt for the [Temporary Loan Scheme](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/buying-procedure-for-new-flats\/key-collection#:~:text=Temporary%20Loan%20Scheme%20\$TLS\$,your%20existing%20flat%20is%20underway.) which will enable you to use the nett proceeds from the sale of your existing flat to pay for your new flat without having to take out a housing loan.\n\nAs a second-time flat buyer, you’ll need to pay a [resale levy](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/conditions-after-buying) when you sell your existing flat to buy a new one. The resale levy will be automatically deducted by the HDB from your sale proceeds. If there is any shortfall, this must be settled in cash.\n\n### **Other things to pay upon key collection**\nWhen you collect the keys, you’ll also be charged the following:\n\n- [**Survey fees**](https:\/\/www.hdb.gov.sg\/residential\/buying-a-flat\/buying-procedure-for-new-flats\/key-collection)—You will need to pay \\$164 to \\$409, depending on flat type, for a surveyor to inspect the condition and value of your flat. This can be paid using CPF savings if you wish.\n\n| Flat Type | Survey Fee (inclusive of GST) |\n|---|---|\n| 2-room Flexi\/ Community Care Apartment | \\$163.50 |\n| 3-room | \\$231.60 |\n| 4-room | \\$299.75 |\n| 5-room | \\$354.25 |\n| Executive | \\$408.75 |\n\n- **Registration fees**—You will have to pay a \\$38.30 registration fee if you are using HDB’s lawyers.\n- **Stamp duty for Deed of Assignment**—This must be paid for anyone taking out a housing loan, and costs 0.40% of the loan amount up to a maximum of \\$500.\n- **Home Protection Scheme (HPS)**—This mortgage-reducing insurance offered by the CPF Board is compulsory for those using CPF savings to repay their home loan. Premiums are to be paid using CPF savings and\/or cash. Use [HDB’s HPS calculator](https:\/\/www.cpf.gov.sg\/member\/tools-and-services\/calculators\/home-protection-scheme-premium-calculator) to find out how much you’d need to pay per year.\n- **Fire Insurance**—[Fire insurance](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/residential\/living-in-an-hdb-flat\/fire-insurance) is compulsory for those taking out HDB loan. You must produce your Certificate of Insurance from HDB’s appointed insurer, Etiqa, on the day you collect your keys. The premiums range from \\$1.99 for coverage of \\$57,000 for a 2-room Flexi flat to \\$5.43 for coverage of \\$144,800 for a 5-room flat.\n\n[Back to top](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#top)\n\n## 9\\. What happens if you can’t sign the Agreement of Lease or collect your keys personally?\nYou can sign an HDB **Power of Attorney (POA)** appointing another person to act on your behalf in specified matters.\n\nFor instance, you might appoint someone to help you sign certain documents such as the Agreement to Lease. This might be necessary if you are not in Singapore on certain dates.\n\nYou need to submit all your POA documents to HDB at least 2 weeks before your appointment, so plan ahead. There’s also a good 8 documents (including photocopies) to submit, so get prepared early—read more about the [POA on HDB’s website](https:\/\/www.hdb.gov.sg\/cs\/infoweb\/residential\/buying-a-flat\/buying-procedure-for-new-flats\/sign-agreement-for-lease?anchor=poa).\n\n[Back to top](https:\/\/sg.news.yahoo.com\/buying-hdb-bto-flat-step-020029220.html#top)\n\n**Found this article useful? Share this with fellow homeowners-to-be\\!**\n\n[Buying an HDB BTO Flat in Singapore: A Step-By-Step Guide (2025)](https:\/\/blog.moneysmart.sg\/property\/hdb-bto-flat-guide\/) was first published on the [MoneySmart blog](https:\/\/blog.moneysmart.sg\/).\n\n[MoneySmart](https:\/\/www.moneysmart.sg\/) makes it easy to take control of your finances. Stay in the loop—follow us on [Instagram](https:\/\/www.instagram.com\/moneysmartsg), [Telegram](https:\/\/t.me\/MoneySmartSingapore), and [Facebook](https:\/\/www.facebook.com\/moneysmartsg) for the latest on personal finance.\n\nReady to find the best [loans](https:\/\/www.moneysmart.sg\/loans), [insurance](https:\/\/www.moneysmart.sg\/insurance), or [credit card](https:\/\/www.moneysmart.sg\/credit-cards) offers in Singapore? Compare them on our site now.\n\n© 2009-2024 MoneySmart. 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Meta Title	Buying an HDB BTO Flat in Singapore: A Step-By-Step Guide (2025)
Meta Description	This year, HDB is set to launch 19,600 Build-to-Order (BTO) flats. That includes 3,800 units—almost 20% of them—with waiting times of under 3 years! It’s going to be an exciting year...
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Boilerpipe Text	This year, HDB is set to launch 19,600 Build-to-Order (BTO) flats. That includes 3,800 units—almost 20% of them—with waiting times of under 3 years! It’s going to be an exciting year ahead for prospective homeowners. But i f this is your first BTO application, excitement might quickly give way to intimidation and confusion when you find out how long the process can be. And don’t even get us started on the acronyms that can make you want to tear your hair out. Regardless of where you are in your home ownership journey, don’t fret—you’re not alone. In our comprehensive guide, we will delve into the various steps involved in purchasing an HDB BTO flat in Singapore, covering everything from determining your eligibility to the application process to your considering your financing options. By the end of this guide, you should have a clear understanding of what it takes to navigate the HDB BTO flat-buying process and make an informed decision that suits your needs and preferences. Check out our review of the latest HDB BTO sales launch : HDB BTO Oct 2024 Review—Locations, Application Rates, Prices, and More A Step-By-Step Guide to Buying an HDB BTO Flat in Singapore (2025) Are you eligible for HDB BTO? Apply for an HDB Flat Eligibility (HFE) letter Look out for sales launches Ballot for HDB BTO Get an HDB Loan… and AIP if you’re taking out a bank loan BTO Flat Selection Day, pay option fee Sign BTO lease agreement, pay downpayment BTO Key collection day! What happens if you can’t sign the Agreement of Lease or collect your keys personally? Watch: Buying an HDB BTO in Singapore—from Flat Application to Key Collection 1. Are you eligible for HDB BTO? To buy an HDB BTO flat, you’ve got to first check if you’re eligible. Otherwise, the government is going to slam the door in your face. You must be at least 21 years old and satisfy one of the following in order to purchase a BTO flat: Fiancé and fiancée : At least 1 of you is a Singapore Citizen, and the other is a Singapore Citizen or PR. Be prepared to register your marriage before taking possession of your flat if applying for additional or Enhanced CPF Housing Grant or within 3 months of taking possession of flat. Married couples and/ or parent(s) with child(ren) : You are a Singapore Citizen, applying with at least 1 other Singapore Citizen or PR as a family nucleus. This means you are applying with: Spouse and kids (if any); OR Parents and siblings (if any), and if you’re unmarried/ widowed/ divorced, at least one of your parents is a Singapore Citizen/PR; OR Your child(ren) under your legal custody (only for widowed/divorced applicants). Multi-generation families : You are a Singapore Citizen, and are applying with your spouse and parents. Aside from you, at least 1 other applicant must be a Singapore Citizen or PR. This sounds like the “married couple with parents” eligibility condition above, but the difference is that under this scheme you’ll be eligible for a 3Gen flat . Orphaned siblings : You and your siblings are orphans and single (unmarried, divorced, or widowed) and at least 1 of your deceased parents was a Singapore Citizen or PR. Families with non-residents : You are a Singapore Citizen applying with your non-resident spouse who holds a valid Visit Pass or Work Pass that can have any validity period. If you apply with your non-resident parents or child(ren), you’ll only be eligible to buy a resale flat and not a new flat like a BTO. Seniors : You are a Singapore citizen aged 55 and above. You can also apply with your fiancé/ fiancée or spouse, parent(s) or child(ren), siblings who are orphans and single, your non-resident spouse, or unrelated single citizens. With the exception of your non-resident spouse, the others you apply with must be a Singapore Citizen/PR. Under this scheme, you can buy a short-lease 2-room Flexi flat or Community Care Apartment . Singles : You are a single Singapore Citizen aged 35 and older applying alone OR with up to 3 other singles, of which at least 1 must be a Singapore Citizen/PR. Note that you’ll only be eligible for 2-room flats, but they can be in any location. Read more about HDB’s eligibility requirements when you apply as a couple or family , senior , or as a single . ALSO READ : Guide to Buying HDB Flats for Singles in Singapore 2025 In addition, you’ll have to ensure you’re not making too much money to qualify for the flat you’re eyeing. Here are the income ceilings for the various types of flats : 2-room Flexi flat : $7,000; or $14,000 for short-lease flats (max 45-year lease) 3-room flat : $7,000; or $14,000 depending on which project you’re balloting for. Check the sales launch to know the exact income ceiling. 4-room flat or bigger : $14,000; or $21,000 if you’re purchasing the flat as an extended or multi-generation family. Note that your children included as co-applicants or occupiers also contribute to the total household income if they’re earning an income. Include their salaries when you’re adding things up to make sure you don’t bust that income ceiling as an extended family . You (and anyone else in your BTO application) must also not own any other property , HDB or private, locally or overseas. If you currently own private property , you’ll need to sell off your property at least 30 months before you apply for the HFE letter , which you in turn should apply for before you apply for your BTO. If you currently own an HDB flat , you must dispose of the flat within 6 months of the completion of your BTO flat. Back to top 2. Apply for an HDB Flat Eligibility (HFE) letter In 2023, the government introduced a new step to the BTO process—the application of the HFE Letter. Even before you start searching the web for new launches, HDB now requires you to first apply for an HDB Flat Eligibility (HFE) letter through the HDB Flat Portal . You will need your Singpass to sign in. This letter will set out whether you are eligible to buy a flat, apply for the Enhanced CPF Housing Grant and take up an HDB or bank loan. In other words, it will mine your data and tell you most of what you need to know. You cannot escape applying for the HFE Letter even if you already have all the necessary information. Without it, you cannot even apply for a flat. It will take about 1 month for the HFE Letter to be issued after receipt of your application and supporting documents. It may be longer during peak periods, so applying earlier is safer. Once you get your hands on it, the HFE Letter is valid for 9 months from the date of issue. Bottom line: Once you (and your fiancé/family, if applicable) decide you want to try for a flat, you should apply for the HFE Letter as soon as you can. It’s better to have it ready rather than wait until a launch you are interested in rolls around. PSA : If you plan to apply for a BTO flat during the Feb 2025 sales exercise, HDB actually recommended you apply by 15 Dec 2024. That’s how early you should apply for it! You can apply for your HFE letter for the next sales exercise instead. The HFE Letter is not to be confused with the now-defunct HDB Loan Eligibility (HLE) Letter, which was meant solely for those taking out an HDB Housing Loan. The HLE Letter was meant to be applied for AFTER balloting for a flat, and only those taking out an HDB loan had to apply. The HFE Letter now replaces the HLE Letter. But do note that every single applicant, regardless of loan, needs to apply for the HFE Letter BEFORE balloting. Back to top 3. Look out for sales launches First, you’ll have to check the HDB website regularly for news of upcoming sales launches. To make life easier, sign up for HDB’s eAlert Service so you can be notified of upcoming launches. HDB typically announces upcoming BTO projects at least 3 months prior to their launch . This should give you ample time to plan for the location you want. Can’t wait for the next launch to get a preview? Check out our reviews of the past launches here: Back to top 4. Ballot for your BTO When you see a launch in an area that interests you, pay a $10 application fee to ballot for it during the BTO application window. If you thought striking Toto was hard, try balloting for an HDB flat. How many tries it takes you to get a flat depends on your luck. While some people get it on the first or second try, we’ve heard of cases where couples tried more than 10 times to no avail. Expect to wait a maximum of 2 months to know if you are successful or not. See HDB’s website for more details on the HDB BTO application timeline and process . Back to top 5. Get an HDB Loan…or AIP if you’re taking out a bank loan Finally! The heavens smile upon you and you receive a decent queue number. After buying 4D on your lucky day, what’s next? Before you progress to the next stage and sign your life away, it’s worthwhile to plan your finances using this helpful HDB tool . A crucial part of the financing process is to decide on whom to get your home loan from. You have a choice between taking out an HDB loan vs bank loan . First-timers typically go for an HDB loan since the downpayment amount that HDB requires is less. But if you’re savvy and have enough savings, you can usually opt for a bank loan to get lower interest rates—we say “usually” because interest rates for housing loans are currently higher than HDB loans. Here’s a pro tip the HDB staff told me when I was booking my own BTO: Choose an HDB loan first if you’re unsure. You can later switch from an HDB loan to a bank loan, but cannot switch from a bank loan to an HDB loan. Either way, you’ll need to get some kind of loan approval in principal BEFORE you chope the flat. You’ll need to have all your loan documents in order to sign the lease agreement. HDB loan : You would already have obtained your HFE Letter before you applied for the flat, so there’s no further action needed here. The letter will tell you how much money HDB is willing to loan you. Bank loan : You would have concurrently applied for in-principle approval (AIP) from the bank with your HFE letter application. With the new HFE letter, applicants should have worked out their financing options ahead of time—even before you applied for your BTO. So you would know what your options are. Back to top 6. BTO Flat Selection Day! And pay option fee You’ll get called in to select a unit from 4 weeks after the release of the ballot results. Your queue number will determine your priority in choosing a unit. The number of people allotted queue numbers will exceed the number of units, so if your queue number is way out there, chances are you won’t be able to get your hands on a unit and will have to ballot again. When it comes time to show up at HDB Hub to book your flat, don’t forget to bring along your IC and income documents if you are taking a housing loan from the HDB. Once you’ve selected your unit, start the purchase process by paying the option fee on the spot. By securing the Option to Purchase (OTP), you get the right to purchase your flat. The amount which you have to pay depends on your flat type. Note that payment can only be made via NETS. $500 for 2-room flexi flats $1,000 for 3-room flats $2,000 for 4 room or larger flats Option to Purchase Option Fee You will also apply for your CPF housing grants at this point. Make sure you download the application forms for Enhanced CPF Housing Grant and bring them along to your flat booking appointment. ALSO READ : HDB Grants Guide: What’s the Max CPF Housing Grant You Can Get? Back to top 7. Sign BTO lease agreement, pay downpayment In the past, you’d have to make a trip back to HDB Hub to sign the lease agreement within 4 months of booking a flat. But now, the wait between flat booking and signing the lease agreement can be up to 9 months . Make sure you’ve gotten your HDB loan or bank loan arrangements in order by that time. On the day you sign the lease agreement, you’ll have to fork out the downpayment, as well as stamp duties and legal fees. Downpayment at the signing of Agreement for Lease You must make a portion of your downpayment on the day you sign the lease at HDB Hub. You’ll pay the rest of your downpayment during key collection. How much your downpayment at the signing of your lease agreement will be depends on whether you’re taking out an HDB or a bank loan. Buyers taking out HDB loan or no loan— 10% of the purchase price (Cash and/or CPF). Buyers taking out bank loan— 20% (minimum 5% in cash, remaining 15% using CPF savings and/or cash) For those taking out a bank loan, the above scenario is based on a Loan To Value (LTV) limit of 75%. The LTV determines how much you are able to borrow from the bank in order to finance your home purchase. Legal fees and stamp duties Your legal fees and stamp duty can be paid using a mixture of cash and CPF. The stamp duty rates are as follows: First $180,000: 1% Next $180,000: 2% Next $640,000: 3% Next $500,000: 4% Next $1,500,000: 5% Remaining amount: 6% Use our handy stamp duty calculator to figure out how much you’ll need to pay. Staggered Downpayment Scheme If you’re a couple applying for a BTO for the first time before the younger applicant’s 30th birthday or an existing flat owner downgrading to a 3-room or smaller flat in a non-mature estate, you can apply for the Staggered Downpayment Scheme . As the name implies, this allows you to split the downpayment into two payments: First payment when signing the lease agreement Second payment when you sign the Terms of Agreement and collect your keys If you’re wondering how this differs from the regular downpayment scheme, it lets you push a larger percentage of your downpayment to the day you collect your keys. For those taking out a bank loan , the following is the breakdown of payment: Downpayment at signing of agreement for lease : 5% in cash + 5% using CPF OA savings or cash Payment during collection of keys : 15% using CPF OA savings or cash However, if you’re taking out an HDB loan , the following applies: Downpayment at signing of agreement for lease : 5% using CPF OA savings or cash Payment during collection of keys : 15% using CPF OA savings or cash Now, all you can do is wait for your BTO flat to be completed. This stage typically takes a few years—I mean, it’s called “build-to-order” for a reason. Staggered Downpayment Scheme (for young couples) If you and your boo are NSFs or fresh graduates, you’re eligible for deferred income assessment. That means your initial downpayment at the lease agreement signing stage is even lower: Downpayment at signing of agreement for lease : 2.5% using CPF OA savings or cash Payment during collection of keys : 17.5% using CPF OA savings or cash That gives you guys more time to pool your savings and get together enough moolah for the remaining 17.5% you need to fork out during key collection. Read more about HDB housing schemes to help young couples . Deferred Downpayment Scheme (for seniors) The DDS is for seniors aged 55 years and above who are downsizing their flats. They should still own their existing flat at the time of application and have booked an uncompleted 3-room or smaller flat in an HDB sales exercise. Buyers who successfully apply for the DDS will only have to pay stamp duty and legal fees when they sign the Agreement for Lease. They only need to pay the purchase price of the flat upon collection of the keys. Back to top 8. BTO Key collection day! At some point, HDB will notify you to say that you can pick up the keys to your unit. Hooray! Payment during the collection of keys The day you collect your keys, years later, you’ll have to pay the following: Buyers taking out HDB loan or no loan : 15% (CPF savings or cash) Buyers taking out bank loan : 5% (CPF savings or cash) For those taking out a bank loan, the following example is based on an LTV limit of 75%. Selling your old flat and buying a new one If you already own an existing HDB flat, you must dispose of it within 6 months from your BTO flat completion. To help you out, HDB lets you take out a Contra Payment Facility that will enable you to save a bit of money while coordinating the sale of your first flat and the purchase of the new one. If you do not intend to take out a loan, you can opt for the Temporary Loan Scheme which will enable you to use the nett proceeds from the sale of your existing flat to pay for your new flat without having to take out a housing loan. As a second-time flat buyer, you’ll need to pay a resale levy when you sell your existing flat to buy a new one. The resale levy will be automatically deducted by the HDB from your sale proceeds. If there is any shortfall, this must be settled in cash. Other things to pay upon key collection When you collect the keys, you’ll also be charged the following: Survey fees —You will need to pay $164 to $409, depending on flat type, for a surveyor to inspect the condition and value of your flat. This can be paid using CPF savings if you wish. Flat Type Survey Fee (inclusive of GST) 2-room Flexi/ Community Care Apartment $163.50 3-room $231.60 4-room $299.75 5-room $354.25 Executive $408.75 Registration fees —You will have to pay a $38.30 registration fee if you are using HDB’s lawyers. Stamp duty for Deed of Assignment —This must be paid for anyone taking out a housing loan, and costs 0.40% of the loan amount up to a maximum of $500. Home Protection Scheme (HPS) —This mortgage-reducing insurance offered by the CPF Board is compulsory for those using CPF savings to repay their home loan. Premiums are to be paid using CPF savings and/or cash. Use HDB’s HPS calculator to find out how much you’d need to pay per year. Fire Insurance — Fire insurance is compulsory for those taking out HDB loan. You must produce your Certificate of Insurance from HDB’s appointed insurer, Etiqa, on the day you collect your keys. The premiums range from $1.99 for coverage of $57,000 for a 2-room Flexi flat to $5.43 for coverage of $144,800 for a 5-room flat. Back to top 9. What happens if you can’t sign the Agreement of Lease or collect your keys personally? You can sign an HDB Power of Attorney (POA) appointing another person to act on your behalf in specified matters. For instance, you might appoint someone to help you sign certain documents such as the Agreement to Lease. This might be necessary if you are not in Singapore on certain dates. You need to submit all your POA documents to HDB at least 2 weeks before your appointment, so plan ahead. There’s also a good 8 documents (including photocopies) to submit, so get prepared early—read more about the POA on HDB’s website . Back to top Found this article useful? Share this with fellow homeowners-to-be! Buying an HDB BTO Flat in Singapore: A Step-By-Step Guide (2025) was first published on the MoneySmart blog . MoneySmart makes it easy to take control of your finances. Stay in the loop—follow us on Instagram , Telegram , and Facebook for the latest on personal finance. Ready to find the best loans , insurance , or credit card offers in Singapore? Compare them on our site now. © 2009-2024 MoneySmart. All rights reserved.
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That includes 3,800 units—almost 20% of them—with waiting times of under 3 years! It’s going to be an exciting year ahead for prospective homeowners. But if this is your first BTO application, excitement might quickly give way to intimidation and confusion when you find out how long the process can be. And don’t even get us started on the [acronyms](https://blog.moneysmart.sg/property/terms-to-know-when-buying-a-house/) that can make you want to tear your hair out. Regardless of where you are in your home ownership journey, don’t fret—you’re not alone. In our comprehensive guide, we will delve into the various steps involved in purchasing an HDB BTO flat in Singapore, covering everything from determining your eligibility to the application process to your considering your financing options. By the end of this guide, you should have a clear understanding of what it takes to navigate the HDB BTO flat-buying process and make an informed decision that suits your needs and preferences. * Check out our review of the latest HDB BTO sales launch: [HDB BTO Oct 2024 Review—Locations, Application Rates, Prices, and More](https://blog.moneysmart.sg/property/hdb-bto-oct-2024-review/) * ## A Step-By-Step Guide to Buying an HDB BTO Flat in Singapore (2025) 1. [Are you eligible for HDB BTO?](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#eligible) 2. [Apply for an HDB Flat Eligibility (HFE) letter](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#hfe) 3. [Look out for sales launches](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#saleslaunch) 4. [Ballot for HDB BTO](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#ballot) 5. [Get an HDB Loan… and AIP if you’re taking out a bank loan](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#loan) 6. [BTO Flat Selection Day, pay option fee](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#select) 7. [Sign BTO lease agreement, pay downpayment](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#sign) 8. [BTO Key collection day\!](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#key) 9. [What happens if you can’t sign the Agreement of Lease or collect your keys personally?](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#poa) ADVERTISEMENT Watch: Buying an HDB BTO in Singapore—from Flat Application to Key Collection ## 1\. Are you eligible for HDB BTO? To buy an HDB BTO flat, you’ve got to first check if you’re eligible. Otherwise, the government is going to slam the door in your face. You must be at least 21 years old and satisfy one of the following in order to purchase a BTO flat: - Fiancé and fiancée: At least 1 of you is a Singapore Citizen, and the other is a Singapore Citizen or PR. Be prepared to register your marriage before taking possession of your flat if applying for additional or Enhanced CPF Housing Grant or within 3 months of taking possession of flat. - Married couples and/ or parent(s) with child(ren): You are a Singapore Citizen, applying with at least 1 other Singapore Citizen or PR as a family nucleus. This means you are applying with: - Spouse and kids (if any); OR - Parents and siblings (if any), and if you’re unmarried/ widowed/ divorced, at least one of your parents is a Singapore Citizen/PR; OR - Your child(ren) under your legal custody (only for widowed/divorced applicants). - Multi-generation families: You are a Singapore Citizen, and are applying with your spouse and parents. Aside from you, at least 1 other applicant must be a Singapore Citizen or PR. This sounds like the “married couple with parents” eligibility condition above, but the difference is that under this scheme you’ll be eligible for a 3Gen flat. - Orphaned siblings: You and your siblings are orphans and single (unmarried, divorced, or widowed) and at least 1 of your deceased parents was a Singapore Citizen or PR. - Families with non-residents: You are a Singapore Citizen applying with your non-resident spouse who holds a valid Visit Pass or Work Pass that can have any validity period. If you apply with your non-resident parents or child(ren), you’ll only be eligible to buy a resale flat and not a new flat like a BTO. - Seniors: You are a Singapore citizen aged 55 and above. You can also apply with your fiancé/ fiancée or spouse, parent(s) or child(ren), siblings who are orphans and single, your non-resident spouse, or unrelated single citizens. With the exception of your non-resident spouse, the others you apply with must be a Singapore Citizen/PR. Under this scheme, you can buy a short-lease 2-room Flexi flat or Community Care Apartment. - Singles: You are a single Singapore Citizen aged 35 and older applying alone OR with up to 3 other singles, of which at least 1 must be a Singapore Citizen/PR. Note that you’ll only be eligible for 2-room flats, but they can be in any location. ADVERTISEMENT Read more about HDB’s eligibility requirements when you apply as a [couple or family](https://www.hdb.gov.sg/residential/buying-a-flat/understanding-your-eligibility-and-housing-loan-options/flat-and-grant-eligibility/couples-and-families), [senior](https://www.hdb.gov.sg/residential/buying-a-flat/understanding-your-eligibility-and-housing-loan-options/flat-and-grant-eligibility/seniors), or as a [single](https://www.hdb.gov.sg/residential/buying-a-flat/understanding-your-eligibility-and-housing-loan-options/flat-and-grant-eligibility/singles). * ALSO READ: [Guide to Buying HDB Flats for Singles in Singapore 2025](https://www.moneysmart.sg/home-loan/housing-guide-for-singles-ms) * In addition, you’ll have to ensure you’re not making too much money to qualify for the flat you’re eyeing. Here are the [income ceilings for the various types of flats](https://www.hdb.gov.sg/cs/infoweb/-/media/doc/PressReleases/corp-pr10092019annex-c.ashx): - 2-room Flexi flat: \$7,000; or \$14,000 for short-lease flats (max 45-year lease) - 3-room flat: \$7,000; or \$14,000 depending on which project you’re balloting for. Check the sales launch to know the exact income ceiling. - 4-room flat or bigger: \$14,000; or \$21,000 if you’re purchasing the flat as an extended or multi-generation family. Note that your children included as co-applicants or occupiers also contribute to the total household income if they’re earning an income. Include their salaries when you’re adding things up to make sure you don’t bust that [income ceiling as an extended family](https://www.hdb.gov.sg/-/media/doc/EAPG/Income-ceiling-for-extended-family.ashx). ADVERTISEMENT You (and anyone else in your BTO application) must also not own any other property, HDB or private, locally or overseas. - If you currently own private property, you’ll need to sell off your property at least 30 months before you apply for the [HFE letter](https://blog.moneysmart.sg/property/hdb-hfe-letter/), which you in turn should apply for before you apply for your BTO. - If you currently own an HDB flat, you must dispose of the flat within 6 months of the completion of your BTO flat. [Back to top](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#top) \| \| \|---\| \| [Buying an HDB BTO Flat in Singapore: A Step-By-Step Guide (2025)](https://blog.moneysmart.sg/property/hdb-bto-flat-guide/) [Guide to the HDB Flat Eligibility (HFE) Letter (2024): When You Need It, How to Apply, and More](https://blog.moneysmart.sg/property/hdb-hfe-letter/) [HDB BTO Jun 2024 Review: Locations, Prices, Site Plans, Expected Application Rates, and More](https://blog.moneysmart.sg/property/hdb-bto-jun-2024-review/) [HDB Downpayment Guide: How Much Do You Need for BTO, Resale & EC?](https://blog.moneysmart.sg/home-loans/hdb-downpayment-guide/) [What Is The Additional Buyer’s Stamp Duty (ABSD) “99-1 Loophole” in Singapore and Is It Illegal? (2024)](https://blog.moneysmart.sg/property/absd-tax-loophole/) [HDB Sale of Balance Flats: Guide to SBF & Open Booking (2024)](https://blog.moneysmart.sg/property/hdb-sales-of-balance-flats/) \| ## 2\. Apply for an HDB Flat Eligibility (HFE) letter In 2023, the government introduced a new step to the BTO process—the application of the HFE Letter. ADVERTISEMENT Even before you start searching the web for new launches, HDB now requires you to first apply for an HDB Flat Eligibility (HFE) letter through the [HDB Flat Portal](https://www.hdb.gov.sg/cs/infoweb/homepage). You will need your Singpass to sign in. This letter will set out whether you are eligible to buy a flat, apply for the Enhanced CPF Housing Grant and take up an HDB or bank loan. In other words, it will mine your data and tell you most of what you need to know. You cannot escape applying for the HFE Letter even if you already have all the necessary information. Without it, you cannot even apply for a flat. It will take about 1 month for the HFE Letter to be issued after receipt of your application and supporting documents. It may be longer during peak periods, so applying earlier is safer. Once you get your hands on it, the HFE Letter is valid for 9 months from the date of issue. Bottom line: Once you (and your fiancé/family, if applicable) decide you want to try for a flat, you should apply for the HFE Letter as soon as you can. It’s better to have it ready rather than wait until a launch you are interested in rolls around. \| \| \|---\| \| PSA: If you plan to apply for a BTO flat during the Feb 2025 sales exercise, HDB actually recommended you apply by 15 Dec 2024. That’s how early you should apply for it! You can [apply for your HFE letter](https://iam.hdb.gov.sg/common/login?spcptracking=1713980748776__bb51_72f0b68f38a0) for the next sales exercise instead. \| The HFE Letter is not to be confused with the now-defunct HDB Loan Eligibility (HLE) Letter, which was meant solely for those taking out an HDB Housing Loan. The HLE Letter was meant to be applied for AFTER balloting for a flat, and only those taking out an HDB loan had to apply. The HFE Letter now replaces the HLE Letter. But do note that every single applicant, regardless of loan, needs to apply for the HFE Letter BEFORE balloting. [Back to top](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#top) ## 3\. Look out for sales launches First, you’ll have to [check the HDB website regularly](https://homes.hdb.gov.sg/home/landing) for news of upcoming sales launches. To make life easier, sign up for [HDB’s eAlert Service](https://services2.hdb.gov.sg/webapp/BF08CESS/MainController?action=new) so you can be notified of upcoming launches. HDB typically announces upcoming BTO projects at least 3 months prior to their launch. This should give you ample time to plan for the location you want. Can’t wait for the next launch to get a preview? Check out our reviews of the past launches here: - [BTO Feb 2023](https://blog.moneysmart.sg/property/hdb-bto-feb-2023/) review - [BTO May 2023](https://blog.moneysmart.sg/property/hdb-bto-may-2023/) review - [BTO Sep 2023](https://blog.moneysmart.sg/property/hdb-bto-aug-2023/) review (The third BTO of the year is usually in August, but 2023’s got pushed back) - [BTO Dec 2023](https://blog.moneysmart.sg/property/hdb-bto-dec-2023-review/) review (Since the Aug BTO got pushed to Sep, the Nov one got pushed to Dec) - [BTO Feb 2024](https://blog.moneysmart.sg/property/hdb-bto-feb-2024-review/) review (this BTO sales exercise also included a [Sale of Balance Flats](https://blog.moneysmart.sg/property/hdb-sales-of-balance-flats/) exercise) - [BTO Jun 2024](https://blog.moneysmart.sg/property/hdb-bto-jun-2024-review/) review (we’re only expecting 3 BTO sales launches in 2024, so the usual May one got pushed to Jun) - [BTO Oct 2024](https://blog.moneysmart.sg/property/hdb-bto-oct-2024-review/) review (the biggest number of projects launched in a single BTO exercise to date!) [Back to top](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#top) ## 4\. Ballot for your BTO When you see a launch in an area that interests you, pay a \$10 application fee to ballot for it during the BTO application window. If you thought striking Toto was hard, try balloting for an HDB flat. How many tries it takes you to get a flat depends on your luck. While some people get it on the first or second try, we’ve heard of cases where couples tried more than 10 times to no avail. Expect to wait a maximum of 2 months to know if you are successful or not. See HDB’s website for more details on the [HDB BTO application timeline and process](https://www.hdb.gov.sg/residential/buying-a-flat/buying-procedure-for-new-flats/timeline). [Back to top](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#top) ## 5\. Get an HDB Loan…or AIP if you’re taking out a bank loan Finally! The heavens smile upon you and you receive a decent queue number. After buying 4D on your lucky day, what’s next? Before you progress to the next stage and sign your life away, it’s worthwhile to plan your finances using this [helpful HDB tool](https://homes.hdb.gov.sg/home/calculator/budget). A crucial part of the financing process is to decide on whom to get your home loan from. You have a choice between taking out an [HDB loan vs bank loan](https://blog.moneysmart.sg/home-loans/bank-loan-vs-hdb-loan-which-is-better/). First-timers typically go for an HDB loan since the downpayment amount that HDB requires is less. But if you’re savvy and have enough savings, you can usually opt for a bank loan to get lower interest rates—we say “usually” because interest rates for housing loans are currently higher than HDB loans. Here’s a pro tip the HDB staff told me when I was booking my own BTO: Choose an HDB loan first if you’re unsure. You can later switch from an HDB loan to a bank loan, but cannot switch from a bank loan to an HDB loan. Either way, you’ll need to get some kind of loan approval in principal BEFORE you chope the flat. You’ll need to have all your loan documents in order to sign the lease agreement. - HDB loan: You would already have obtained your HFE Letter before you applied for the flat, so there’s no further action needed here. The letter will tell you how much money HDB is willing to loan you. - Bank loan: You would have concurrently applied for in-principle approval (AIP) from the bank with your HFE letter application. With the new HFE letter, applicants should have worked out their financing options ahead of time—even before you applied for your BTO. So you would know what your options are. [Back to top](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#top) ## 6\. BTO Flat Selection Day! And pay option fee You’ll get called in to select a unit from 4 weeks after the release of the ballot results. Your queue number will determine your priority in choosing a unit. The number of people allotted queue numbers will exceed the number of units, so if your queue number is way out there, chances are you won’t be able to get your hands on a unit and will have to ballot again. When it comes time to show up at HDB Hub to book your flat, don’t forget to bring along your IC and income documents if you are taking a housing loan from the HDB. Once you’ve selected your unit, start the purchase process by paying the option fee on the spot. By securing the Option to Purchase (OTP), you get the right to purchase your flat. The amount which you have to pay depends on your flat type. Note that payment can only be made via NETS. - \$500 for 2-room flexi flats - \$1,000 for 3-room flats - \$2,000 for 4 room or larger flats ![Option to Purchase Option Fee](https://s.yimg.com/ny/api/res/1.2/wVd2XTsEo5e7pMU08ZXqtg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU5OQ--/https://media.zenfs.com/en/MoneySmart.sg/0a50de143ab149517488e06b3e0ab4f9) ![Option to Purchase Option Fee](https://s.yimg.com/ny/api/res/1.2/wVd2XTsEo5e7pMU08ZXqtg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU5OQ--/https://media.zenfs.com/en/MoneySmart.sg/0a50de143ab149517488e06b3e0ab4f9) Option to Purchase Option Fee You will also apply for your CPF housing grants at this point. Make sure you [download the application forms for Enhanced CPF Housing Grant](https://www.hdb.gov.sg/-/media/doc/EAPG/ehg-form.pdf) and bring them along to your flat booking appointment. * ALSO READ: [HDB Grants Guide: What’s the Max CPF Housing Grant You Can Get?](https://blog.moneysmart.sg/property/hdb-cpf-housing-grant-guide/) * [Back to top](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#top) ## 7\. Sign BTO lease agreement, pay downpayment In the past, you’d have to make a trip back to HDB Hub to sign the lease agreement within 4 months of booking a flat. But now, the wait between flat booking and signing the lease agreement can be up to 9 months. Make sure you’ve gotten your HDB loan or bank loan arrangements in order by that time. On the day you sign the lease agreement, you’ll have to fork out the downpayment, as well as stamp duties and legal fees. ### Downpayment at the signing of Agreement for Lease You must make a portion of your [downpayment](https://blog.moneysmart.sg/home-loans/hdb-downpayment-guide/) on the day you sign the lease at HDB Hub. You’ll pay the rest of your downpayment during key collection. How much your downpayment at the signing of your lease agreement will be depends on whether you’re taking out an HDB or a bank loan. - Buyers taking out HDB loan or no loan—10% of the purchase price (Cash and/or CPF). - Or 5% under the [Staggered Downpayment Scheme](https://blog.moneysmart.sg/home-loans/hdb-downpayment-guide/) (we’ll elaborate below) - Or 2.5% under [deferred income assessment](https://blog.moneysmart.sg/property/hdb-housing-schemes-young-couples/) for students and NSFs (we’ll also elaborate below) - Buyers taking out bank loan—20% (minimum 5% in cash, remaining 15% using CPF savings and/or cash) For those taking out a bank loan, the above scenario is based on a [Loan To Value (LTV) limit](https://blog.moneysmart.sg/property/terms-to-know-when-buying-a-house/) of 75%. The LTV determines how much you are able to borrow from the bank in order to finance your home purchase. ### Legal fees and stamp duties Your legal fees and stamp duty can be paid using a mixture of cash and CPF. The stamp duty rates are as follows: - First \$180,000: 1% - Next \$180,000: 2% - Next \$640,000: 3% - Next \$500,000: 4% - Next \$1,500,000: 5% - Remaining amount: 6% Use our handy [stamp duty calculator](https://www.moneysmart.sg/home-loan/stamp-duty-calculator) to figure out how much you’ll need to pay. ### Staggered Downpayment Scheme If you’re a couple applying for a BTO for the first time before the younger applicant’s 30th birthday or an existing flat owner downgrading to a 3-room or smaller flat in a non-mature estate, you can apply for the [Staggered Downpayment Scheme](https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/buying-procedure-for-new-flats/sign-agreement-for-lease?anchor=downpayment#:~:text=The%20Staggered%20Downpayment%20Scheme%20helps,key%20collection%20to%20your%20flat.). As the name implies, this allows you to split the downpayment into two payments: - First payment when signing the lease agreement - Second payment when you sign the Terms of Agreement and collect your keys If you’re wondering how this differs from the regular downpayment scheme, it lets you push a larger percentage of your downpayment to the day you collect your keys. For those taking out a bank loan, the following is the breakdown of payment: - Downpayment at signing of agreement for lease: 5% in cash + 5% using CPF OA savings or cash - Payment during collection of keys: 15% using CPF OA savings or cash However, if you’re taking out an HDB loan, the following applies: - Downpayment at signing of agreement for lease: 5% using CPF OA savings or cash - Payment during collection of keys: 15% using CPF OA savings or cash Now, all you can do is wait for your BTO flat to be completed. This stage typically takes a few years—I mean, it’s called “build-to-order” for a reason. ### Staggered Downpayment Scheme (for young couples) If you and your boo are NSFs or fresh graduates, you’re eligible for deferred income assessment. That means your initial downpayment at the lease agreement signing stage is even lower: - Downpayment at signing of agreement for lease: 2.5% using CPF OA savings or cash - Payment during collection of keys: 17.5% using CPF OA savings or cash That gives you guys more time to pool your savings and get together enough moolah for the remaining 17.5% you need to fork out during key collection. Read more about [HDB housing schemes to help young couples](https://blog.moneysmart.sg/property/hdb-housing-schemes-young-couples/). ### Deferred Downpayment Scheme (for seniors) The DDS is for seniors aged 55 years and above who are downsizing their flats. They should still own their existing flat at the time of application and have booked an uncompleted 3-room or smaller flat in an HDB sales exercise. Buyers who successfully apply for the DDS will only have to pay stamp duty and legal fees when they sign the Agreement for Lease. They only need to pay the purchase price of the flat upon collection of the keys. [Back to top](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#top) ## 8\. BTO Key collection day\! At some point, HDB will notify you to say that you can pick up the keys to your unit. Hooray\! ### Payment during the collection of keys The day you collect your keys, years later, you’ll have to pay the following: - Buyers taking out HDB loan or no loan: 15% (CPF savings or cash) - Buyers taking out bank loan: 5% (CPF savings or cash) For those taking out a bank loan, the following example is based on an LTV limit of 75%. ### Selling your old flat and buying a new one If you already own an existing HDB flat, you must dispose of it within 6 months from your BTO flat completion. To help you out, HDB lets you take out a [Contra Payment Facility](https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/buying-procedure-for-new-flats/key-collection?anchor=contra) that will enable you to save a bit of money while coordinating the sale of your first flat and the purchase of the new one. If you do not intend to take out a loan, you can opt for the [Temporary Loan Scheme](https://www.hdb.gov.sg/residential/buying-a-flat/buying-procedure-for-new-flats/key-collection#:~:text=Temporary%20Loan%20Scheme%20$TLS$,your%20existing%20flat%20is%20underway.) which will enable you to use the nett proceeds from the sale of your existing flat to pay for your new flat without having to take out a housing loan. As a second-time flat buyer, you’ll need to pay a [resale levy](https://www.hdb.gov.sg/residential/buying-a-flat/conditions-after-buying) when you sell your existing flat to buy a new one. The resale levy will be automatically deducted by the HDB from your sale proceeds. If there is any shortfall, this must be settled in cash. ### Other things to pay upon key collection When you collect the keys, you’ll also be charged the following: - [Survey fees](https://www.hdb.gov.sg/residential/buying-a-flat/buying-procedure-for-new-flats/key-collection)—You will need to pay \$164 to \$409, depending on flat type, for a surveyor to inspect the condition and value of your flat. This can be paid using CPF savings if you wish. \| Flat Type \| Survey Fee (inclusive of GST) \| \|---\|---\| \| 2-room Flexi/ Community Care Apartment \| \$163.50 \| \| 3-room \| \$231.60 \| \| 4-room \| \$299.75 \| \| 5-room \| \$354.25 \| \| Executive \| \$408.75 \| - Registration fees—You will have to pay a \$38.30 registration fee if you are using HDB’s lawyers. - Stamp duty for Deed of Assignment—This must be paid for anyone taking out a housing loan, and costs 0.40% of the loan amount up to a maximum of \$500. - Home Protection Scheme (HPS)—This mortgage-reducing insurance offered by the CPF Board is compulsory for those using CPF savings to repay their home loan. Premiums are to be paid using CPF savings and/or cash. Use [HDB’s HPS calculator](https://www.cpf.gov.sg/member/tools-and-services/calculators/home-protection-scheme-premium-calculator) to find out how much you’d need to pay per year. - Fire Insurance—[Fire insurance](https://www.hdb.gov.sg/cs/infoweb/residential/living-in-an-hdb-flat/fire-insurance) is compulsory for those taking out HDB loan. You must produce your Certificate of Insurance from HDB’s appointed insurer, Etiqa, on the day you collect your keys. The premiums range from \$1.99 for coverage of \$57,000 for a 2-room Flexi flat to \$5.43 for coverage of \$144,800 for a 5-room flat. [Back to top](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#top) ## 9\. What happens if you can’t sign the Agreement of Lease or collect your keys personally? You can sign an HDB Power of Attorney (POA) appointing another person to act on your behalf in specified matters. For instance, you might appoint someone to help you sign certain documents such as the Agreement to Lease. This might be necessary if you are not in Singapore on certain dates. You need to submit all your POA documents to HDB at least 2 weeks before your appointment, so plan ahead. There’s also a good 8 documents (including photocopies) to submit, so get prepared early—read more about the [POA on HDB’s website](https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/buying-procedure-for-new-flats/sign-agreement-for-lease?anchor=poa). [Back to top](https://sg.news.yahoo.com/buying-hdb-bto-flat-step-020029220.html#top) Found this article useful? Share this with fellow homeowners-to-be\! [Buying an HDB BTO Flat in Singapore: A Step-By-Step Guide (2025)](https://blog.moneysmart.sg/property/hdb-bto-flat-guide/) was first published on the [MoneySmart blog](https://blog.moneysmart.sg/). [MoneySmart](https://www.moneysmart.sg/) makes it easy to take control of your finances. 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