Guest House buyer. Posted May 7, 2016 Report Share Posted May 7, 2016 Hi guys if I wish to buy a public flat directly from hdb instead of from the open resale market I have to go to hdb to apply for one. Is it better to buy and wait for a bto or a sale of balance flat from previous bto projects? What are the difference between these two options? If I can wait I dont mind waiting for a bto but I'm getting tired of flying and renting and wish to be settle down by now. Is it quicker to buy a sale of balance flat? Link to comment Share on other sites More sharing options...
slackerj Posted May 8, 2016 Report Share Posted May 8, 2016 Bto more option in terms of level and unit level. Need wait ard 3 yrs No idea how end product will looks like. Sales of balance. Chances to get mature estate. Able to observe neighbouring condition. If you got it, i think shld be able to collect key within a mth. Limited choice. Possibility of it being repossess unit. Better go hdb website to read if you meet the condition for applications though. 成熟不是心變老，是淚在打轉，卻依然還能微笑。 Link to comment Share on other sites More sharing options...
Guest Posted May 8, 2016 Report Share Posted May 8, 2016 Tried SoBF from previous bto projects before and I'd think chances are slim as the portion allocated for single aged 35-54 is quite low and there are many bidding for it. They also probably give priority to >55 and 'other' classifications as their need may be more urgent. Link to comment Share on other sites More sharing options...
CamperBoy Posted May 8, 2016 Report Share Posted May 8, 2016 If you think you are very lucky, go for SBF. Most SBF are units which people do not want. Facing morning sun, near rubbish chute, facing industrial zones, low floors etc. Like someone mention as well, the unit could be repossessed due to not being able to pay the mortgage. Not surprising if the unit is plagued by loan sharks visits. And there is no priority given. All applicants will have to go through balloting. Again, if you think you are the lucky one among the hundreds bidding for that one unit, go for it! But you will waste time if you don't. Time which should go towards balloting a BTO instead. Link to comment Share on other sites More sharing options...
Guest Posted May 8, 2016 Report Share Posted May 8, 2016 resales flat are equally good and spacious if u do yr homework and dont need to wait for years after years for no results. Link to comment Share on other sites More sharing options...
Guest SoBF Posted May 8, 2016 Report Share Posted May 8, 2016 Sale of Balance Flats are leftover units from previous BTOs. They are mostly on the lower floors or units with its view facing or blocked by eg. a multi storey carpark or a rubbish collection point. If you are lucky, there are some good units belonging to successful applicants who backed out of the purchase at the last minute. Link to comment Share on other sites More sharing options...
Guest House buyer Posted May 8, 2016 Report Share Posted May 8, 2016 Thank you to everyone for explaining to me. The reason why I don't like to apply and wait for BTO flat is because I don't want to waste 3-4 years waiting for it to be completed and during this time my money go into jacked up rentals($2000 every month) paying mortgage for other people. The money save on rentals over the years can be set aside for renovations or furnitures etc. Also I visit hdb and made enquiries on BTO application they said the application process is base on a ballot system and not on a first come first serve basis system so if the computer selected a low floor unit for me instead of a high unit it still go back to pretty much selecting leftover flats from the sales of balance flat project. Link to comment Share on other sites More sharing options...
CamperBoy Posted May 8, 2016 Report Share Posted May 8, 2016 Just now, Guest House buyer said: Thank you to everyone for explaining to me. The reason why I don't like to apply and wait for BTO flat is because I don't want to waste 3-4 years waiting for it to be completed and during this time my money go into jacked up rentals($2000 every month) paying mortgage for other people. The money save on rentals over the years can be set aside for renovations or furnitures etc. Also I visit hdb and made enquiries on BTO application they said the application process is base on a ballot system and not on a first come first serve basis system so if the computer selected a low floor unit for me instead of a high unit it still go back to pretty much selecting leftover flats from the sales of balance flat project. The system does not choose units for you! It merely gives you the queue number. Example 200 units and your queue number is 100. You got good chance to select a good unit of your choice. Everyone now have a good chance to get a house in their first or second application. SBF you are fighting with hundreds of people for that few units. Does not make sense. SBF and BTO balloting are two separate applications. Go for BTO and quit wasting time. If you want this want that, please go for resale where you can shop for the most ideal flat. Assuming money is not an issue. mate69 1 Link to comment Share on other sites More sharing options...
Guest House buyer Posted May 8, 2016 Report Share Posted May 8, 2016 Thank you for your help camper boy. Link to comment Share on other sites More sharing options...
rotikawin Posted May 8, 2016 Report Share Posted May 8, 2016 Sorry but why are you paying rental every month? you are PR? Link to comment Share on other sites More sharing options...
Guest House buyer Posted May 8, 2016 Report Share Posted May 8, 2016 My younger siblings need to go to university and I have to help them. I am a citizen born and raise here. Link to comment Share on other sites More sharing options...
rotikawin Posted May 8, 2016 Report Share Posted May 8, 2016 Resale is down quite a lot especially in non mature estates. You get to save on your rent immediately. Link to comment Share on other sites More sharing options...
lonelyglobe Posted May 8, 2016 Report Share Posted May 8, 2016 and you can start earning rental to support your sibling's study assuming you rent out 1 or 2 rooms... Link to comment Share on other sites More sharing options...
Guest Posted May 8, 2016 Report Share Posted May 8, 2016 And if you really want to rent out 1 or 2 rooms, make sure choose a unit within walking distance to MRT. Otherwise, hard to rent out in today market condition. Link to comment Share on other sites More sharing options...
Cube3 Posted August 15, 2016 Report Share Posted August 15, 2016 On 08/05/2016 at 1:44 PM, Guest said: And if you really want to rent out 1 or 2 rooms, make sure choose a unit within walking distance to MRT. Otherwise, hard to rent out in today market condition. Absolutely true! Link to comment Share on other sites More sharing options...
Guest Guest Posted August 16, 2016 Report Share Posted August 16, 2016 Still have people will rent even your unit is not near mrt, provided the rental is low. Link to comment Share on other sites More sharing options...
Guest Guest Posted August 16, 2016 Report Share Posted August 16, 2016 Sales of balance flat is better than bto, at least you can get your flat fast. Link to comment Share on other sites More sharing options...
abang Posted January 29, 2017 Report Share Posted January 29, 2017 I am so out of touch with the current HDB system but when I read this article, I was rather shocked by the price tag of a 3-room flat in Yishun. It is rather expensive...even with a hefty subsidy. Now I have a better understanding to the phrase "Singaporeans are so asset-rich"! http://www.zaobao.com.sg/znews/singapore/story20170129-718592 获6万5000元津贴 单亲妈妈获得6万5000元津贴，售价21万元的三房式新组屋，只须付14万5000元。 卓慧敏受访时说，当时在租户优先计划下，申请到一间售价21万元的剩余组屋单位（Sale of Balance Flats）。 她说：“这个计划让我可以选择购买二房式灵活组屋（2-room Flexi）或三房式组屋，而申请津贴时，当局也根据我的收入，批准了6万5000元的津贴，包括额外公积金购屋津贴和特别公积金购屋津贴。” 她说，她每个月将以公积金支付600元为期20年的房贷，完全不用现金，减轻供房子的负担。 Link to comment Share on other sites More sharing options...
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