HDB: BTO

HDBs or Build-to-Order flats, are offered by the Housing Development Board, Singapore's public housing provider. BTOs, at the point of its launch, are not yet built yet. BTO flats have been a popular housing option in recent years due to its affordable pricing and unique features.
Key Features of HDB BTO Flats

Affordable Pricing: BTO flats are typically more affordable than resale flats, making them a great option for first-time homebuyers. However, the prices of BTO flats have increased significantly in recent years.
Customisable: Most BTO flats offer a range of options for customisation, such as the type of kitchen cabinets, flooring, and sanitary appliances. This allows homebuyers to create a home that truly reflects their personal style.
Green Features: Many BTO flats are equipped with green features, such as energy-efficient appliances, rainwater harvesting systems, and solar panels. These features help to reduce the environmental impact of the flats and can also save residents money on utilities.
Community Features: BTO flats are often located in new towns, which offer a full range of amenities, such as schools, childcare centres, and recreational facilities. This makes it convenient for residents to get what they need on their doorstep.

Applying for a HDB BTO Flat
To apply for a BTO flat, you must first register with the HDB. Once you have registered, you can submit an application for a specific BTO project. The HDB will then conduct a computerised ballot to select the successful applicants.
If you are successful in the ballot, you will be invited to sign a Sale and Purchase Agreement (S&P) with the HDB. The S&P outlines the terms and conditions of the purchase, including the price of the flat and the date of completion.
HDB BTO VS Resale Flat
BTO flats and resale flats have their pros & cons:
BTO Flats

Pros:

More affordable than resale flats
Customisable
Green features
Community features

Cons:

Long waiting time
Less choice of location

Resale Flats

Pros:

Wider choice of location
More mature surroundings
Can move in immediately

Cons:

Less affordable than BTO flats
May not be able to customise as easily
May not have green features

Ultimately, the decision of whether to buy a BTO flat or a resale flat is a personal one. Both types of flats have their pros & cons, so it is important to weigh your needs and preferences carefully before making a decision.