New 2-Room BTO Flats for Singles

Published on Jul 30, 2013

Have family and friends who are Singaporean, single, age 35 years & above, and earn up to $5,000/month?

First-timer applicants meeting the criteria above can now buy new 2-room standard flats in non-mature estates direct from HDB under the Singles Singapore Citizen housing scheme.

Link for other language : http://www.youtube.com/watch?v=mDUBiVJrbFU&list=PLWXnSkxDMeWrKKVmFQsQIzjOXvgov60qq

MNDsingapore's channel

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Meeting Diverse Housing Needs – 4,079 New Flats for Families and Singles

Date issued : 30 Jul 2013

HDB has launched 3,861 flats for sale in Bukit Merah, Sengkang, and Yishun under the July 2013 Build-To-Order (BTO) exercise. A wide range of flats, from Studio Apartments to 5-room flats, are being offered to meet diverse housing needs. In this BTO exercise, we are launching a new housing policy for singles. We are also making three refinements to existing housing policies.

2  From today, eligible singles will also be able to apply for new 2-room flats in non-mature estates from HDB. This is a new housing policy. A total of 519 new 2-room flats in Sengkang and Yishun will be offered in this BTO exercise, comprising 301 units in new BTO projects, and another 218 units from previous BTO exercises. First-timer singles will enjoy up to 30% of the 2-room flat supply in these non-mature estates.

New 2-Room BTO Flats for Singles

3  Currently, singles aged 35 years and above can buy resale flats of any size and in any location. Those who are eligible can receive CPF Housing Grants totalling $30,000, if they apply under the Joint Singles Scheme (JSS). This is the same as for married couples. However, if the singles apply under the Single Singapore Citizen Scheme (SSC), they will get half the grant amount, at $15,000. The new BTO housing policy for singles takes reference from the current resale policy for singles.

4  From this BTO launch, first-timer single Singapore citizens earning up to $5,000 per month and are 35 years and above, can buy a new 2-room standard flat in non-mature estates directly from HDB. Singles who apply for these flats under the JSS will pay the same BTO price as married couples. However, singles who apply under the SSC will pay $15,000 more than married couples. Singles who later marry will receive the CPF Housing Top-Up Grant of $15,000 after marriage.

5  In parallel, the Government will extend the Additional CPF Housing Grant (AHG) and the Special CPF Housing Grant (SHG) to eligible singles buying BTO flats. Singles who apply under the SSC with a monthly income of up to $2,500 can receive AHG of up to $20,000. Those with monthly income of up to $1,125 can also receive an additional SHG of up to $10,000. Singles who apply under the JSS with a combined monthly income of up to $5,000 can receive AHG of up to $40,000. Those with a combined monthly income of up to $2,250 can also receive an additional SHG of up to $20,000.

Extension of AHG to Singles buying resale flats

6  With effect from today, the Government will also extend the AHG to singles buying a resale flat in the open market. This is the first refinement.

7  The AHG will be up to $20,000 for those who apply under the SSC and up to $40,000 for those who apply under the JSS. These will be on top of the CPF Housing Grant ($15,000 under SSC and $30,000 under JSS), that they would already be getting.

8  The extensions of AHG and SHG are intended to provide even more help to singles to buy their first flat. More details are in Annex A.  (PDF 191KB)

Higher Income Ceiling for 2-Room Flats in Non-Mature Estates

9  With effect from this BTO launch, the monthly household income ceiling for families for 2-room flats in non-mature estates will be increased from $2,000 to $5,000, to give more families the option to buy such flats. This is the second refinement.

Higher Priorities for Couples comprising First-Timer and Second-Timer and Refined Application Process for Non-Selection of Flats

10  From this BTO launch, a couple comprising a first-timer and a second-timer applicant will enjoy the same priority in flat allocation as families comprising two first-timers. This is the third refinement.

11  The priority for first-timer families include a higher proportion of flat supply set aside for first timers, additional ballot chances and eligibility for schemes such as the Parenthood Priority Scheme and Parenthood Provisional Housing Scheme. This change will help singles who subsequently marry after buying a 2-room BTO flat, to purchase their new matrimonial flat. It will also benefit reconstituted families comprising a first-timer and a second-timer applicant, such as divorcees who remarry.

12  Currently, first-timer families who do not book a flat when invited twice to do so will have their first-timer priorities suspended for a 1-year period. From today, first-timer families who have their first-timer priorities suspended but continue not to book a flat when invited twice will have these priorities suspended for another year. Second-timer families and singles who do not book a flat when invited twice to do so will not be able to participate in HDB’s sales exercises for a 1-year period. This is to prevent applicants who are not ready to commit from depriving other applicants who are in urgent need of a flat.

Jul 2013 BTO Exercise

13  The 3,861 BTO flats offered in this BTO launch are located in four projects in Bukit Merah, Sengkang, and Yishun. In addition, HDB will offer 218 units of 2-room flats in Sengkang and Yishun from previous BTO launches. First-timer families will continue to enjoy priority flat allocation, with at least 85% (for 4-room and 5-room) and 70% (for 2-room and 3-room) of the BTO flat supply in Sengkang and Yishun (non-mature estates) set aside for them. For the mature estate of Bukit Merah, first-timer families will continue to enjoy priority flat allocation with at least 95% of the flat supply.

14  Eligible first-timer families can enjoy up to $60,000 of housing grants, comprising the AHG ($40,000) and SHG ($20,000). With these grants, 2-room, 3-room and 4-room flats will be priced from as low as $16,000, $115,000, and $236,000 respectively (Table 1). Further details can be found in Annex B  (PDF 753KB).

Find out more: Meeting Diverse Housing Needs – 4,079 New Flats for Families and Singles

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image ~ CNA

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* Updates : Two-room BTO flats for eligible singles in high demand ~ CNA

  • OVERSUBSCRIBED: 2-room flats for eligible singles in high demand. As of 11am, there were 1573 applicants for 231 units in Sengkang and Fernvale Riverwalk, 825 applicants for 288 units in Yishun.
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