17,000 BTO flats available in 2018: how much grant can you get?

17,000 BTO flats available in 2018: how much grant can you get?

TheRedDotNews·2017-12-14 12:18

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National Development Minister Lawrence Wong announced on his blog this morning (14 Dec) that there will be about 17,000 Build-to-Order (BTO) flats launched in 2018.

The number is comparative to the 17,584 BTO flats launched in 2017. The number of BTO flats launched each year vary but the number has been dipping.

Between 2011 and 2013, there were about 25,000 flats launched each year. The number fell in 2014, to 22,500, and took an even more drastic dip in 2015, with only 15,000 units launched. The number increased to 18,000 in 2016 but fell a little in 2017.

According to the blog post, the new flats would be located across mature and non-mature estates. This would include flats in the new Tengah town.

In the second half of 2018, about 1,000 flats in Sembawang, Sengkang and Yishun will be launched. These flats will have shorter waiting times of about 2.5 years, instead of the typical 3-4 years for most other BTO projects.

Housing grants?

Feel like you can't afford a place of your own? No worries, there are housing grants available.

For first-timer couples, buying a flat on the open market is now more affordable. There was enhancement made to the CPF Housing Grant. First-timers can receive a grant from $30,000 to $50,000, depending on their eligibility.

After adding up all the different grants, including the enhanced CPF Housing Grant, Additional CPF Housing Grant and Proximity Housing Grant, first-timers can receive up to $110,000 in total.

(Image Credit: HDB) 

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Singapore HDB Policy