atans1

Wah lan BTO waiting period is six yrs?

In Property on 15/12/2018 at 1:32 pm

Angela Oh, 29, bought her new four-room HDB with the man who is now her husband in 2012 and just moved in this year. The system allows partners to put their names down for new flats, but you must be married by the time it is built.

“The long time that BTOs (Built to Order) take to build really spoils the joy of the proposal,” she says, because marriage becomes about practicality. If you break up during the waiting period, you lose money and are barred from applying for another BTO for a year.

http://www.bbc.com/capital/story/20181210-can-singapores-social-housing-keep-up-with-changing-times?fbclid=IwAR2fzGTXxtmVykT1tgqRlvXQkYIFUU_m5yMDHfP9_ze1Eu37-KtRIfAP52s

But I also read this:

1,000 BTO Flats with Shorter Waiting Times to be Offered in 2018
To help young couples get their first homes earlier, HDB will be offering BTO flats with shorter waiting times in selected projects.

The first batch of 1,000 flats, spread across three projects in the non-mature estates of Sembawang, Sengkang and Yishun, will be launched for sale in the 2nd half of 2018.

The first batch of flats with shorter waiting times will launch in Sembawang, Sengkang and Yishun in the 2<sup>nd</sup> half of 2018.
The first batch of flats with shorter waiting times will launch in Sembawang, Sengkang and Yishun in the 2nd half of 2018.

Construction will not be rushed to meet the shorter wait times. Instead, HDB will commence construction of the flats ahead of their sales launches. Construction work on the three projects is expected to commence in the 4th quarter of 2017. The flats will be completed between the 4th quarter of 2020 and the 1st quarter of 2021.

As a result, flat buyers only need to wait about 2.5 years for their flat from the time of application. There will be no compromise on the quality of the flats since construction time remains the same, at three to four years.

First-timer families will have another reason to rejoice as they will enjoy higher priority when applying for these flats. At least 95% of the 4-room and larger flats are set aside for them, which is a 10% increase from the current 85% quota for non-mature estates.

Flat buyers of these BTO projects can look forward to flats equipped with floor finishes, internal doors, sanitary fittings, and an open kitchen concept (if the layout permits). This will reduce the time needed for renovation so that they can move into their new homes earlier.

Look out for the sales launches of these BTO projects in the second half of 2018! For more information, visit the HDB InfoWEB at www.hdb.gov.sg.

https://www.mnd.gov.sg/mndlink/2017/sep-oct/bto-flats-with-shorter-waiting-times.htm

So waz a realistic median BTO waiting period today?

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