Hey I know this video is quite long ago but I have some questions: 1. What’s the difference between mature vs non-mature estate? 2. By submitting your application earlier, does it give you any benefit to have higher chance of getting it? Or rather get an earlier queue number? Or is it randomly distributed. 3. Will I know exactly how much I’m paying for the unit I’m interested in upon balloting? 4. Since we paying option fee (I assumed it’s compulsory)? Can I check I can only select the room type I’ve selected upon balloting right? E.g. 4 room, I can only choose floor & units that have 4 rooms? 5. Also, is that first come first serve basis? That means I need to be on time and they will call by sequence number? 6. Does first timer get a higher priority? 7. How long does it usually take from the application to being informed that I got a queue ticket? Thanks in advance!!
I'll be releasing a video on the procedure for resale flats soon! The procedures for SBF are about the same as BTO if you're eyeing for a flat that hasn't TOPed yet :) hope this helped
Hi Maverick, thank you for the video! I'm looking for more information on using contra for BTO. With my age of 53 and my wife isn't working, I won't be able to get much loan but our combined cash and CPF and potential earning from the sales of my current flat (resale and fully paid up without any subsidies or grants) are more than enough to get the new BTO flat. Application for contra will only be made after you know when to collect the key and apply for Intent to Sell, hence eligibility assessment. What if the application is rejected, will you get your DP back? How long do you have to sell your flat? can you fully repay the HDB loan upon sales of the current flat or you still have to service the loan for 2 or 3 years (lock-up)?
Actually the process is pretty straightforward if you currently own a HDB and want to apply for a BTO, just need a little timeline planning, otherwise you might end up homeless for a few months. If you’d like to can reach out to me via WhatsApp 94875661, and I can advise you on the entire process.
Hi Maverick, thank you for the video! May I ask for the first down payment when will it happen? And in the video I have the idea that there are 2 5% down payment, am I right? Hope to hear your inputs on this! Cheers 🍻
Hi there, for applicants of the nov 2022 BTO onwards your down payment will be 10% and then 10% again since HDB introduced their latest cooling measure in sep 2022. The first appointment will be around 6 months after selecting your unit. The second one will be before key collection.
Yes I have made a video about it too, can check it out here th-cam.com/video/XKqlpSi55eY/w-d-xo.html. Policies change very often so I do post update videos here and there, do keep a lookout for them :)
Hi can i check i have a HLE but when do i need to apply loan? Is it during the booking of flats after balloting is successful or do I need to make another appointment with HDB separately ?
Hello there, would like to know If 2 single own 2 room flexi bto marry can re apply bto as 1st timer or 2nd timer and Timeline for ROM verification submit before key collection Thanks
Hi there, if both of you got your 2 room flexi from BTO, then both will be considered 2nd timers. You would need to provide your ROM within 3 months of key collection to your new BTO. If you have any further questions feel free to reach me at 9487 5661
Hi, thank you for your video, it was very informative. I have a question, assuming a couple decide to BTO, but only 1 of them is currently earning an average fresh grad income. One benefit is this couple would most probably be given more housing grants to lower the total costs of the flat. So my question is, will this couple be only qualified to purchase a flat with a lower price tag because of the requirement that monthly instalments cannot exceed 30% of combined income?
Hello, you will not be limited to any price range when applying for the BTO, your income will be accessed again nearer to the key collection date to ensure that you and your partner have enough income to satisfy the mortgage servicing ratio of 30%.
My spouse is a non citizen, am I able to apply for HDB BTO flat or Resale flat? I tried multiple times on applying a flat but is been rejected cause my spouse is a non citizen. But after looking at your video it seems I’m eligible to apply .
Hello yes, if you are Singaporean, and your spouse is a non citizen, you are eligible to apply for a 2 room flexi flat in a non-mature estate (BTO/SBF) or a resale flat (must meet EIP and SPR quota), if you need more info can dm me on Instagram!
Hey I know this video is quite long ago but I have some questions:
1. What’s the difference between mature vs non-mature estate?
2. By submitting your application earlier, does it give you any benefit to have higher chance of getting it? Or rather get an earlier queue number? Or is it randomly distributed.
3. Will I know exactly how much I’m paying for the unit I’m interested in upon balloting?
4. Since we paying option fee (I assumed it’s compulsory)? Can I check I can only select the room type I’ve selected upon balloting right? E.g. 4 room, I can only choose floor & units that have 4 rooms?
5. Also, is that first come first serve basis? That means I need to be on time and they will call by sequence number?
6. Does first timer get a higher priority?
7. How long does it usually take from the application to being informed that I got a queue ticket?
Thanks in advance!!
Love your video as always! Great stuff! Keep up with the awesome work!
thanks for the comprehensive breakdown!!
WOOHOO 🥳 great job on the vid!!
Wow cool stuffs you learn something new everyday xD
Great video as always!
Thank you for this video Maverick!
Hi Maverick, thank you for this informational video. Would you be sharing the typical procedures for resale and SBF options?
I'll be releasing a video on the procedure for resale flats soon! The procedures for SBF are about the same as BTO if you're eyeing for a flat that hasn't TOPed yet :) hope this helped
Hi Maverick, thank you for the video! I'm looking for more information on using contra for BTO. With my age of 53 and my wife isn't working, I won't be able to get much loan but our combined cash and CPF and potential earning from the sales of my current flat (resale and fully paid up without any subsidies or grants) are more than enough to get the new BTO flat. Application for contra will only be made after you know when to collect the key and apply for Intent to Sell, hence eligibility assessment. What if the application is rejected, will you get your DP back? How long do you have to sell your flat? can you fully repay the HDB loan upon sales of the current flat or you still have to service the loan for 2 or 3 years (lock-up)?
Actually the process is pretty straightforward if you currently own a HDB and want to apply for a BTO, just need a little timeline planning, otherwise you might end up homeless for a few months. If you’d like to can reach out to me via WhatsApp 94875661, and I can advise you on the entire process.
Hi Maverick, thank you for the video! May I ask for the first down payment when will it happen? And in the video I have the idea that there are 2 5% down payment, am I right? Hope to hear your inputs on this! Cheers 🍻
Hi there, for applicants of the nov 2022 BTO onwards your down payment will be 10% and then 10% again since HDB introduced their latest cooling measure in sep 2022. The first appointment will be around 6 months after selecting your unit. The second one will be before key collection.
FYI, since May(or apr?) 2023, HLE is now deprecated and HFE (home flat elligibility) replaces it
Yes I have made a video about it too, can check it out here th-cam.com/video/XKqlpSi55eY/w-d-xo.html. Policies change very often so I do post update videos here and there, do keep a lookout for them :)
Very informative, how long is the time period from choosing your flat to payment of deposit?
It really depends on how fast HDB is it can last from 6 months to a year
Mav the best
Hi can i check i have a HLE but when do i need to apply loan? Is it during the booking of flats after balloting is successful or do I need to make another appointment with HDB separately ?
Hello the HLE is basically a loan offer from HDB alr. Just apply for the flat as is and HDB will process the loan for you!
@@mavcly thank you so much!
@@thatkenesu9843 no worries :) if any of your friends or family also have questions about property can direct them to me haha wa.me/6594875661
Thanks for this informative video! May I check where did you obtain the spreadsheet of selected units at 10:02?
It was done up by a member of the BTO project's telegram group.
I was told now the down payment is 20% ! Is that true ? When need to pay the second 10 %% ?
Yes, recently changed in December 2022. First payment is 10% next payment of 10% will be upon key collection
Thanks u so much 💓
Great Contents!
hi, may i ask where can i find the details of the upcoming dec bto projects at 05:42?
Hi Kelly, this video was published in 2021. For the next balloting exercise you'll probably have to wait till Jan 2024
homes.hdb.gov.sg/home/landing
Apologies, they just released the units
@@mavcly thank you! much appreciated
Hello there, would like to know If 2 single own 2 room flexi bto marry can re apply bto as 1st timer or 2nd timer and
Timeline for ROM verification submit before key collection
Thanks
Hi there, if both of you got your 2 room flexi from BTO, then both will be considered 2nd timers. You would need to provide your ROM within 3 months of key collection to your new BTO. If you have any further questions feel free to reach me at 9487 5661
Hi maverick , thanks for the info appreciate
Will my HDB loan revalue again upon key collection?
Wow solid video. Could you share the source for the unit price breakdown for the project?
It's all from HDB's website but the info is scattered all over the place, so need to slowly find, and read through every page on the website
Hi, thank you for your video, it was very informative.
I have a question, assuming a couple decide to BTO, but only 1 of them is currently earning an average fresh grad income. One benefit is this couple would most probably be given more housing grants to lower the total costs of the flat.
So my question is, will this couple be only qualified to purchase a flat with a lower price tag because of the requirement that monthly instalments cannot exceed 30% of combined income?
Hello, you will not be limited to any price range when applying for the BTO, your income will be accessed again nearer to the key collection date to ensure that you and your partner have enough income to satisfy the mortgage servicing ratio of 30%.
@@mavcly Thank you!!
Hi! Would like to ask where can I check and see on the number of applications received?
services2.hdb.gov.sg/webapp/BP13BTOENQWeb/AR_May2022_BTO?strSystem=BTO you can check them out here
Appreciate your video dear friend
Maverick, do you have the latest list of non-mature and mature estates?
You can take a look at this article www.propertyguru.com.sg/property-guides/non-mature-vs-mature-bto-55760
My spouse is a non citizen, am I able to apply for HDB BTO flat or Resale flat? I tried multiple times on applying a flat but is been rejected cause my spouse is a non citizen. But after looking at your video it seems I’m eligible to apply .
Hello yes, if you are Singaporean, and your spouse is a non citizen, you are eligible to apply for a 2 room flexi flat in a non-mature estate (BTO/SBF) or a resale flat (must meet EIP and SPR quota), if you need more info can dm me on Instagram!