Many Singaporeans are familiar with BTO or Build to Order flats.
But do you know there are also Sale of Balance Flats (SBF)? What about the Open Booking of flats that may give you a chance to book a flat as early as the next working day, where possible? Read on
Build to Order
A BTO sales launch offers a range of flat types across a few towns.
Sale of Balance Flats
A SBF exercise offers a wide range of flat types, locations, and prices. The flats are usually already under construction, near completion or completed. These flats are from earlier BTO sales launches, surplus Selective Enbloc Redevelopment Scheme (SERA) replacement flats etc. Based on my personal experience, sale of balance flats do not mean they are the less desirable flats. In fact, you may have a chance to get a highly desirable flat in a sough-after location that someone else gave up, for reasons unknown to us.
Opening Booking of flats
Open Booking of flats offers unselected flats from past SBF exercises. Flat buyers can apply online and receive a queue number for flat booking on a first come first served basis.
So have your HFE letter ready and on-hand and keep your eyes on the HDB portal ! Good luck in your search.
Information extracted from HDB website as time of blog post.
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