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A Step-by-Step Guide To Buying HDB Resale or BTO Build To Order HDB


A Step-by-Step Guide To Buying HDB Resale or BTO Build To Order HDB
A Step-by-Step Guide To Buying HDB Resale or BTO Build To Order HDB

Steps: Resale HDB

  1. Get an HDB Flat Eligibility (HFE) Letter:

  1. Plan, Source, and Contract:

  • Prepare for your buying journey by considering the following:

  • HFE Letter: Ensure you have it.

  • Financing Mode: Decide whether you’ll use an HDB loan or opt for a bank loan.

  • Option To Purchase (OTP): Enter into an OTP with the seller.

  • Request for Value: Submit this to determine the flat’s market value.

  1. Resale Application:

  1. Resale Completion:

2. New Flats (BTO):

Overview:

  • If you’re interested in a new Build-To-Order (BTO) flat, here’s what you need to know:

Steps:

  1. HDB Flat Eligibility (HFE) Letter:

  1. Sales Launches and Balloting:

  • Keep an eye out for BTO sales launches.

  • Participate in the balloting process.

  1. Financing and Loan Approval:

  • Apply for an HDB loan (or a bank loan if you prefer).

  • Get an Approval-In-Principle (AIP) if you’re taking a bank loan.

  1. Flat Selection Day:

  • Choose your preferred BTO flat.

  • Pay the option fee.

  1. Lease Agreement and Downpayment:

  • Sign the BTO lease agreement.

  • Pay the downpayment.

  1. Key Collection:

Remember, each step is crucial, and understanding the process will help you navigate smoothly through your home-buying journey. 🏡🔑


Feel free to reach out to Kaeden 王天财 at 9048 0660. With his expertise in HDB transactions, he can seamlessly guide you through the process and help you achieve your next dream home.

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