HDB continues to expand housing options in 2025 with a series of strategically planned BTO Singapore exercises across the island. In 2025, HDB continues with three upcoming BTO exercises and one Sale of Balance Flats (SBF) exercise each year. These launches offer around 19,600 Singapore BTO flats under construction and 5,500 SBF flats, totalling 25,000.
Around 3,800 BTO units are Shorter Waiting Time flats, with waiting periods of under three years. These efforts make flats more accessible, reduce delays, and support a stable annual supply of new homes.
October 2025 BTO Launch at a Glance
The October 2025 BTO launch will continue to follow the established classification of Standard, Plus, and Prime flats. This provides buyers with more choices in both mature and non-mature estates, such as Ang Mo Kio, Bedok, Bishan, Bukit Merah, Jurong East, Sengkang, Toa Payoh, and Yishun.
Plus and Prime flats come with subsidies and more extended Minimum Occupation Periods (MOPs) to ensure affordability and discourage quick resale.
Plus and Prime flats come with subsidies and more extended Minimum Occupation Periods (MOPs) to ensure affordability and discourage quick resale.
Meanwhile, the continued rollout of Community Care Apartments (CCAs), developed by the Ministry of National Development (MND) and the Ministry of Health (MOH), caters to seniors with features such as wheelchair-accessible bathrooms, slip-resistant flooring, and grab bars.
Optional service packages include health checks, home maintenance, and housekeeping to support independent living.
Applicants planning to join the October launch should have a valid HDB Flat Eligibility (HFE) letter before applying, as it is required to assess financing options and grant eligibility.
Watch Our Video on Applying for BTO Flats
Table of Contents
- What are BTO flats
- BTO Launches to Expect in 2025
- HDB BTO flat eligibility
- HDB BTO flat financing
- HDB loan
- Bank loan
What Are BTO Flats?
Build-To-Order (BTO) flats are newly launched public housing units by HDB, designed to meet the demand of Singaporean families. Applicants apply for flats before construction begins, and the units are built only if there is sufficient demand for them. This approach enables HDB to manage housing supply efficiently while offering buyers greater flexibility in selecting their preferred location and flat type.
BTO Flat Types
The projects in the different estates may offer different flat types. For example, if you have a larger family and are looking for a more spacious five-room BTO flat, not all projects may offer it.
Likewise, if you prefer a smaller, more affordable three-room unit, options are available. BTO flat, some of the mature estates may not have it in the unit mix. The most common, but also most popular, flat type is the four-room BTO flat.
HDB Ethnic Integration Policy (EIP)
HDB implements a policy known as the Ethnic Integration Policy (EIP) to ensure a good mix of households from different ethnic groups. The quota is revised on the first of every month, but may be generalised to the following approximate percentages: 85% Chinese, 22% Malay, and 13% Indian and Other Households.
BTO Launch Months
Previously, HDB launched new BTO flats in February, May, August, and November. From 2024 onwards, this was streamlined into BTO exercises (held in February, June, and October) and one Sale of Balance Flats (SBF) exercise each year. In 2025, HDB will continue with this updated schedule, providing buyers with a more predictable timeline to plan their applications.
BTO Locations
The number of BTO projects launched in each exercise can vary, typically spanning several estates. With the Standard, Plus, and Prime flat model now in place, launches feature a wider mix across both mature and non-mature towns.
For instance, the October 2025 BTO exercise includes projects in estates such as Ang Mo Kio, Bedok, Bishan, Bukit Merah, Jurong East, Sengkang, Toa Payoh, and Yishun. This wider spread of locations provides applicants with more options suited to different budgets, lifestyles, and proximity to workplaces or family.
Prime Location Public Housing (PLH) Model
The Prime Location Public Housing (PLH) model, first introduced in 2021, has since evolved into the Prime flat category under HDB’s new classification framework. Prime flats are located in central, highly sought-after areas, such as the city centre and the Greater Southern Waterfront, and they are subject to stricter conditions, including a 10-year Minimum Occupation Period (MOP) and a subsidy recovery upon resale.
By 2025, several prime projects will have already been launched, offering more flats in prime locations such as Rochor, Kallang/Whampoa, and Queenstown. This framework helps keep centrally located homes affordable, inclusive, and accessible to families, while maintaining long-term stability in the resale market.
BTO Launches to Expect in 2025
Ang Mo Kio
Two-room Flexi
Three-room
Four-room
Three-room
Four-room
1,420
Bedok
Two-room Flexi
Three-room
Four-room
Five-room
Three Gen
Three-room
Four-room
Five-room
Three Gen
850
Bishan
Two-room Flexi
Three-room
Four-room
Three-room
Four-room
530
Bukit Merah
Two-room Flexi
Three-room
Four-room
Three-room
Four-room
870
Bukit Merah
Two-room Flexi
Four-room
Four-room
1,020
Jurong East
Two-room Flexi Three-room
Four-room
Five-room
Three-Gen units
Four-room
Five-room
Three-Gen units
620
Sengkang
Community Care Apartment Two-room Flexi
Four-room
Five-room
Four-room
Five-room
1,030
Toa Payoh
Two-room Flexi
Three-room
Four-room
Three-room
Four-room
1,350
Yishun
Two-room Flexi Three-room
Four-room
Five-room
Four-room
Five-room
810
Yishun
Two-room FlexiFour-room
560
Disclaimer: The details on this page are for informational purposes only and may be updated by HDB. For flat applications, please refer to the official HDB Flat Portal.
1. Ang Mo Kio
| Category | Details |
| Location | Ang Mo Kio Avenue 5 |
| Flat Types | Two-room Flexi, Three-room, Four-room |
| Number of BTO Flats | 1,420 units |
| Nearest MRT Station(s) | Ang Mo Kio MRT Station (NS16) Yio Chu Kang MRT Station (NS15) |
Ang Mo Kio HDB BTO Oct 2025 Map
2. Bedok
| Category | Details |
| Location | Chai Chee neighbourhood, situated between Bedok and Kembangan MRT stations. |
| Flat Types | Two-room Flexi, Three-room, Four-room, Five-room, and Three-Gen units |
| Number of BTO Flats | 850 units |
| Nearest MRT Station(s) | Bedok MRT Station (EW5) Kembangan MRT Station (EW6) Bedok North MRT Station (DT29) |
Bedok HDB BTO Oct 2025 Map:
3. Bishan
| Category | Details |
| Location | Bishan Street 12, on the former Guangyang Primary School site |
| Flat Types | Two-room Flexi, Three-room, and Four-room |
| Number of BTO Flats | 530 units |
| Nearest MRT Station(s) | Bishan MRT Station (NS17) Marymount MRT Station (CC16) |
Bishan HDB BTO Oct 2025 Map:
4. Bukit Merah
| Category | Details |
| Location | Located in Telok Blangah area, part of the Greater Southern Waterfront project. |
| Flat Types | Two-room Flexi, Three-room, and Four-room |
| Number of BTO Flats | 870 units |
| Nearest MRT Station(s) | Labrador Park MRT Station (CC27) Telok Blangah MRT Station (CC28) |
Bukit Merah HDB BTO Oct 2025 Map:
5. Bukit Merah
| Category | Details |
| Location | Bounded by Jalan Bukit Merah and Henderson Road. |
| Flat Types | Two-room Flexi and Four-room |
| Number of BTO Flats | 1,020 units |
| Nearest MRT Station(s) | Redhill MRT Station (EW18) Tiong Bahru MRT Station (EW17) |
Bukit Merah HDB BTO Oct 2025 Map:
6. Jurong East
| Category | Details |
| Location | Bounded by Jurong Town Hall Road and Teban Garden Road, within the Jurong East estate. |
| Flat Types | Two-room Flexi, Three-room, Four-room, Five-room, and Three-Gen units |
| Number of BTO Flats | 620 units |
| Nearest MRT Station(s) | Pandan Reservoir MRT Station (JE7) Jurong East MRT Station (NS1/EW24) |
Jurong East HDB BTO Oct 2025 Map:
7. Sengkang
| Category | Details |
| Location | Along Fernvale Street and Anchorvale Street |
| Flat Types | Community Care Apartment, Two-room Flexi, Four-room, and Five-room |
| Number of BTO Flats | 1,030 units |
| Nearest MRT Station(s) | Farmway LRT Station (SW2) Thanggam LRT Station (SW4) Kupang LRT Station (SW3) |
Sengkang HDB BTO Oct 2025 Map:
8. Toa Payoh
| Category | Details |
| Location | Situated between Thomson Road and Mount Pleasant Road |
| Flat Types | Two-room Flexi, Three-room, and Four-room |
| Number of BTO Flats | 1,350 units |
| Nearest MRT Station(s) | Toa Payoh MRT Station (NS19) Mount Pleasant MRT Station (TE10) (Future) |
Toa Payoh HDB BTO Oct 2025 Map:
9. Yishun
| Category | Details |
| Location | Positioned along Bah Soon Pah Road, near Lor Chencharu Road |
| Flat Types | Two-room Flexi, Three-room, Four-room, and Five-room |
| Number of BTO Flats | 810 units |
| Nearest MRT Station(s) | Khatib MRT Station (NS14) Yishun MRT Station (NS13) |
Yishun HDB BTO Oct 2025 Map:
10. Yishun
| Category | Details |
| Location | Situated between Yishun Avenue 8 and Yishun Ring Road |
| Flat Types | Two-room Flexi, and Four-room |
| Number of BTO Flats | 560 units |
| Nearest MRT Station(s) | Yishun MRT Station (NS13) Canberra MRT Station (NS12) |
Yishun HDB BTO Oct 2025 Map:
HDB BTO Application And Selection
Once you’ve decided on a project, the next step is to understand how the HDB BTO application and selection process works.
HDB BTO Priority Schemes
Eligible buyers can apply for their preferred flats and estates. Balloting determines the outcome of the application.
Since October 2023, first-timer families with children and couples under 40 have received an additional BTO ballot when applying for flats under priority schemes. This policy continues for all 2025 BTO launches, giving eligible applicants a higher chance of securing a flat.
First-time applicants also receive additional priority for new flats. The allocation of flats for different household types is as follows:
1. First-timer Families Under the Family and Parenthood Priority Scheme (FPPS)
Since the HDB BTO October 2023 launch, the Parenthood Priority Scheme (PPS) has been renamed the Family and Parenthood Priority Scheme (FPPS). This scheme gives extra priority to first-time applicants who are parents or married couples (FT(PMC)), with up to 40% of flats in each BTO launch reserved for them.
2. First-timer Families Under the Multi-Generation Priority Scheme (MGPS)
| Category | Flat Allocation |
| Parents | Up to 15% of two-room Flexi or three-room BTO flats (minimum 20 units) |
| Married children | The corresponding number of 2-room Flexi or larger BTO flats |
3. First-timer Families Under the Married Child Priority Scheme (MCPS)
| Flat Type | Allocation |
| Two-room Flexi BTO flats (non-mature estates) | 5% |
| Three-room BTO flats (non-mature estates) | 30% |
| Four-room and Five-room BTO flats (non-mature estates) | 30% |
| Two-room Flexi and larger BTO flats (mature estates) | 30% |
4. First-timer Families (Other Families)
| Flat Type | Allocation |
| Two-room Flexi BTO flats | 10% |
| Three-room BTO flats | 25% |
| Four-room and Five-room BTO flats | 35% |
5. First-timer Families (Singles)
| Flat Type | Allocation |
| Two-room Flexi BTO flats | 65% |
| Three-room BTO flats | – |
| Four-room and Five-room BTO flats | – |
6. Second-timer Families Under the MCPS
| Flat Type | Allocation |
| Two-room Flexi BTO flats (non-mature estates) | 5% |
| Three-room BTO flats (non-mature estates) | 5% |
| Four-room and Five-room BTO flats (non-mature estates) | 3% |
| Two-room Flexi and larger BTO flats (mature estates) | 3% |
7. Second-timer Families Under the Assistance Scheme for Second-timers (Divorced/Widowed Parents) (ASSIST) Scheme
| Flat Type | Allocation |
| Two-room Flexi BTO flats | 5% |
| Three-room BTO flats | 5% |
| Four-room and Five-room BTO flats | – |
BTO Eligibility
Before applying for a BTO flat, it is crucial to understand the eligibility criteria set by HDB.
BTO Eligibility Criteria
New HDB flats are subsidised and meant for Singapore Citizens. Potential buyers and any other applicants and essential occupiers need to meet several eligibility conditions before applying for a flat.
| Eligible applicant/Family nucleus | Details |
| The applicant will need to qualify under one of the eligible schemes | Public Scheme Fiancé/Fiancée Scheme Orphans Scheme |
| Citizenship | At least one Singapore Citizen applicantAt least one other Singapore Citizen or Singapore PR* |
| Age | At least 21 years old |
| Income ceiling | The applicant is within the set income ceiling for the flat they intend to buy |
| Property ownership | Must not have had an interest in or owned any type of private property, otherwise Must have disposed of private property at least 30 months before the HDB Flat Eligibility (HFE) letter application |
The additional $10,000 Citizen Top-Up Grant may be applied for upon conversion to Singapore Citizenship or when applicants have a Singapore Citizen child.
Eligibility Scheme
Under any of the existing eligibility schemes, applicants can get a new flat. Here are the available schemes individuals can apply for as a single, a couple or a family and some general criteria.
Public Scheme
Spouse and children (if any)
Parents and siblings (if any)
Children under his/her care (if widowed/divorced)
Parents and siblings (if any)
Children under his/her care (if widowed/divorced)
At least 21 years old
Applicants form a family nucleus that includes one Singapore Citizen and at least one other Singapore Citizen/PR
Applicants form a family nucleus that includes one Singapore Citizen and at least one other Singapore Citizen/PR
A multi-generational family is any of the following:
– Married/engaged couple and parents
– Widowed/divorced with children under custody and parents
– Married/engaged couple and parents
– Widowed/divorced with children under custody and parents
Fiancé/Fiancée Scheme
Spouse-to-be
At least 21 years old
Be a Singapore Citizen and include at least one other Singapore Citizen or PR.
Submit the marriage certificate upon or before taking possession of the flat.
May need additional documents depending on circumstances:– Written parental consent– Special marriage license
Be a Singapore Citizen and include at least one other Singapore Citizen or PR.
Submit the marriage certificate upon or before taking possession of the flat.
May need additional documents depending on circumstances:– Written parental consent– Special marriage license
A multi-generational family is any of the following:
– Married/engaged couple and parents
– Widowed/divorced with children under custody and parents
– Married/engaged couple and parents
– Widowed/divorced with children under custody and parents
Single Singapore Citizen Scheme (SCSS)
–
Singles aged 35 and above, Singapore CitizensOnly for 2-room Flexi BTO flats in non-mature estatesMonthly household income ceiling: $7,000Only first-timer core applicants qualify
–
Joint Singles Scheme (JSS)
–
Singles aged 35 and above
Must be a Singapore Citizen and include at least one other co-applicant who is also a Singapore Citizen
Only for 2-room Flexi BTO flats in non-mature estates
Monthly household income ceiling: $7,000
Only first-timer core applicants qualify.
Must be a Singapore Citizen and include at least one other co-applicant who is also a Singapore Citizen
Only for 2-room Flexi BTO flats in non-mature estates
Monthly household income ceiling: $7,000
Only first-timer core applicants qualify.
–
Non-Citizen Spouse Scheme
Couples, where one is a Singapore Citizen and the other is neither a Singapore Citizen nor a PR
At least 35 years old
Non-resident spouse must have a valid Visit Pass or Work Pass.
Only for 2-room Flexi BTO flats in non-mature estates
Monthly household income ceiling: $7,000
Must be a first-timer applicant.
Non-resident spouse must have a valid Visit Pass or Work Pass.
Only for 2-room Flexi BTO flats in non-mature estates
Monthly household income ceiling: $7,000
Must be a first-timer applicant.
–
Orphans Scheme
Siblings who are orphans and unmarried
At least one deceased parent was a Singapore Citizen/PR
All siblings must be single.
All siblings must be single.
–
BTO Flat Application Income Ceiling
The income ceiling depends on the type of flat you are planning to purchase. Applicants whose average gross monthly household income exceeds the income ceiling will not be able to apply for the chosen flat type.
| BTO Flat Type | Income Ceiling (Average Gross Monthly Household Income) |
| Two-room Flexi flat (99-year lease) | $7,000 |
| Three-room BTO flat | $7,000 or $14,000, depending on the project |
| Four-room and Five-room BTO flat | $14,000$21,000 if purchasing with an extended or multi-generational family |
The following table lists the types of income/allowance that will be considered for the income ceiling.
| Income/allowance considerable for an income ceiling | Income/allowance considerable for income ceiling |
| Considered – Allowances (fixed/variable) received on a regular basis (e.g. allowances for food, transport, laundry, uniform, etc.) – Pension – Stipend – Sustenance | Not considered – Alimony allowance – Bonuses – Director fees – Income from overtime work – Scholarship overseas allowance – Interest from deposit accounts – National Service allowance – Rental income |
Applicants should check what income documents are required for submission based on their nature of employment.
First-timer
The applicant, or any other listed owners and essential occupiers, has:
– Not bought a flat from HDB, or an EC/DBSS flat bought from a developer
– Not sold a flat from HDB, or an EC/DBSS flat bought from a developer
– Not received any CPF Housing Grant for the purchase of a resale flat
– Not taken any form of housing subsidy
– Not bought a flat from HDB, or an EC/DBSS flat bought from a developer
– Not sold a flat from HDB, or an EC/DBSS flat bought from a developer
– Not received any CPF Housing Grant for the purchase of a resale flat
– Not taken any form of housing subsidy
Yes
Second-timer
The applicant, or any other listed owners and essential occupiers, has:
– Owned or sold
– HDB flat bought from HDB
– Resale flat bought using a CPF Housing Grant
– EC/DBSS flat bought from a developer
– Previously taken some form of housing subsidy.
– Owned or sold
– HDB flat bought from HDB
– Resale flat bought using a CPF Housing Grant
– EC/DBSS flat bought from a developer
– Previously taken some form of housing subsidy.
No
Determining Wait-out Period
There are instances where the applicant has to wait out a set period before he/she can apply or be listed in a new flat application:
- First-timer applicants have more pressing housing needs and thus enjoy greater priority and privileges during the flat application process
- Couples comprising a first-timer and a second-timer applicant will be considered as first-timer couples and enjoy the same priority benefits
Type of property owned/occupied
– HDB flat bought from HDB
– Resale flat bought using a CPF Housing Grant
– EC/DBSS flat bought from the developer
– Resale flat bought using a CPF Housing Grant
– EC/DBSS flat bought from the developer
–
Wait-out period
MOP of five years, or 10 years if the flat is under the PLH model
One year
How to Apply for a BTO Flat
Once you meet the eligibility criteria, the next step is to learn how to apply for a BTO flat
1. Choose Your Preferred Location
Select your desired location from the sites announced in the BTO sales launch.
Select your desired location from the sites announced in the BTO sales launch.
2. Apply for the HFE Letter
As of 9 May 2023, the HDB Flat Eligibility (HFE) letter superseded the previous HDB Loan Eligibility (HLE) letter. The HFE letter provides information on your eligibility for an HDB flat, CPF Housing Grants, HDB loans, and the respective amounts you qualify for.
As of 9 May 2023, the HDB Flat Eligibility (HFE) letter superseded the previous HDB Loan Eligibility (HLE) letter. The HFE letter provides information on your eligibility for an HDB flat, CPF Housing Grants, HDB loans, and the respective amounts you qualify for.
Suppose you plan to finance your BTO flat through a bank or other participating financial institution rather than an HDB loan. In that case, you should apply for an In-Principle Approval (IPA) via the HDB Flat Portal. Applicants can submit their details for a preliminary HFE check to obtain the HFE letter.
3. Submit Your BTO Application
Applications are submitted online to HDB during the one-week application period.
Applications are submitted online to HDB during the one-week application period.
4. Check Your Results
Balloting determines applicants’ queue positions for flat selection. You may monitor your application status online. Successful applicants will be invited to book a BTO flat.
Balloting determines applicants’ queue positions for flat selection. You may monitor your application status online. Successful applicants will be invited to book a BTO flat.
5. Book Your BTO Flat
Review flat availability prior to attending your appointment with HDB. Bring all required documents to the appointment. If obtaining a housing loan from a bank or financial institution, you must submit the Letter of Offer to confirm your loan.
Review flat availability prior to attending your appointment with HDB. Bring all required documents to the appointment. If obtaining a housing loan from a bank or financial institution, you must submit the Letter of Offer to confirm your loan.
6. Sign the Lease Agreement
Sign the Agreement for Lease within nine months of booking your flat. The down payment is due at this stage, with an option to use the Staggered Downpayment Scheme if eligible.
Sign the Agreement for Lease within nine months of booking your flat. The down payment is due at this stage, with an option to use the Staggered Downpayment Scheme if eligible.
7. Collect Your Keys
Flat keys are typically ready for collection approximately 3.5 years after construction is completed.
Flat keys are typically ready for collection approximately 3.5 years after construction is completed.
Balloting Process
Note: Starting from September 2023, first-time BTO applicants who receive a BTO ballot but do not select a flat will be considered second-timers for a period of one year. If they do not choose a flat from their second BTO application, they will be unable to apply for a BTO flat for one year.
As of 2025, first-time applicants who have been unsuccessful in two or more Build-To-Order (BTO) applications for a Standard flat in non-mature estates are eligible for additional ballot chances. The allocation is as follows:
Zero to One
Two
Zero
Two
Two
Two
One
Three
Three
Two
Two
Four
Four
Two
Three
Five
Financing a BTO Flat
Before applying, it’s essential to understand the available financing options so you can plan your budget with confidence.
Costs and Fees
The following outlines the main costs and fees when purchasing an HDB flat:
The following outlines the main costs and fees when purchasing an HDB flat:
- Submitting the Application
- Application fee: $10
- Payment method: Credit Card
- Application fee: $10
- Booking a BTO Flat
- Option fee
- Payment method: Cash
- Option fee
- Signing the Agreement for Lease
- Stamp duty and legal fees (may vary)
- Downpayment (amount varies if using the Staggered Downpayment Scheme)
- Payment method: Cash, CPF
- For detailed amounts, refer to HDB’s website
- Stamp duty and legal fees (may vary)
- Collection of Keys
- Purchase price of the flat (may vary)
- Home Protection Scheme
- Fire Insurance
- Remaining downpayment (if using the Staggered Downpayment Scheme)
- Payment method: Cash, CPF
- Purchase price of the flat (may vary)
The following is an overview of the costs and fees associated with the purchase of a flat from HDB.
Submitting the application
$10 application fee
Credit card
Booking a BTO flat
Option fee
Cash
Signing Agreement for Lease
Stamp duty and legal fees
Down payment (partial)
Down payment (partial)
Cash or CPF
Collection of keys
Stamp duty and legal fees
Home Protection Scheme
Fire Insurance
Down payment (remainder)
Balance of the purchase price
Home Protection Scheme
Fire Insurance
Down payment (remainder)
Balance of the purchase price
Cash or CPF
Applicants should ensure sufficient cash savings for the following:
- $10 administrative fee payable by credit card when applying for an HDB flat. For DBSS and EC applications, check with the developer for the applicable amount.
- Option fee.
- Cash portion of the down payment.
- Cash proceeds from the sale of a previous flat if applying for a second HDB loan.
Financing via CPF
Applicants may use their CPF Ordinary Account (OA) savings for the following:
- Initial payment, either in full or in part, depending on the type of housing loan.
- Partial or full payment for the flat purchase.
- Monthly instalments for the housing loan.
Please note that CPF withdrawal limits may apply and vary according to the type of housing loan chosen.
CPF Housing Grants
CPF Housing Grants are government housing subsidies for eligible Singapore Citizens. They are credited to an applicant’s CPF OA. Applicants can use them for a flat’s initial payment to reduce the housing loan amount.
The EHG will be available to those buying a new HDB flat or a resale flat. Additionally, there are no restrictions on the flat type and location. The average gross monthly household income ceiling for the EHG is $9,000 for first-timer households. Other conditions include that the remaining lease of the flat must be more than 20 years. View full terms of eligibility for the EHG grant here.
Applicants can receive grants under any one of the six categories:
- First-timer Applicants
- Second-timer Applicants
- First-timer and Second-timer Couple Applicants
- Non-Citizen Spouse Scheme
- Single Singapore Citizen Scheme
- Joint Singles Scheme (JSS) or Orphan Scheme
EHG (Enhanced CPF Housing Grant)
Eligible
–
Eligible for EHG (Singles)
–
Eligible for EHG (Singles)
Eligible for EHG (Singles)
Other grants
–
Step-Up CPF Housing Grant (SUHG)
–
–
–
–
Total grant amount
Up to $80,000
Up to $15,000
Up to $40,000
Up to $15,000
Up to $40,000
Up to $80,000
Conditions:
Eligibility depends on:
- Income ceiling
- Previous housing subsidies
- Employment status
- Remaining flat lease
- Ownership of property
Taking an HDB Loan
HDB provides housing loans at a concessionary interest rate to eligible flat buyers. You will be informed of your eligibility to take an HDB-granted loan when you submit your personal particulars during the preliminary HFE check. At this step, you will also be informed of how much you can loan. After completing the preliminary HFE check, you can go on to submit your HFE letter application.
Eligibility Conditions
Applicant and essential occupiers must meet the following criteria:
- At least one buyer is a Singapore Citizen
- Monthly household income does not exceed $14,000 (or $21,000 for extended families)
- Have not taken more than two HDB loans previously
- Must not own any private residence (in Singapore or overseas)
- Must not have disposed of private residential property within 30 months before the loan application
Contra Payment Facility For New Flats
Buyers who are selling their current flat can choose to apply for the Contra Payment Facility. Applicants are granted an additional loan on top of their housing loan after all their available CPF balance is used for the flat purchase.
The loan is redeemed with the net sale proceeds of the applicant’s current flat.
The interest charged is based on prevailing HDB loan interest rates.
HDB Housing Loan Information
| Down payment | Can be fully paid for using CPF |
| Loan ceiling | Up to 80% of the property value (or purchase price, whichever is lower) |
| Interest rate | 2.6% (i.e. 0.1% above the CPF OA interest rate) |
| Repayment period | Capped at 25 years, or till the buyer is 65 years old, whichever is shorter |
| Monthly instalments | Capped at 30% of applicants’ monthly income |
| Insurance | HDB Fire Insurance Policy, Home Protection Scheme (HPS) |
Taking a Bank Loan
Applicants can finance their flat with a housing loan from a bank regulated by the Monetary Authority of Singapore (MAS). Those ineligible for an HDB housing loan may also opt for a bank loan. In-Principle Approval (IPA) can be requested from participating Financial Institutions (FIs) via the HDB Flat Portal, where applicants can also review available loan options.
Applicants may apply for a bank loan through PropertyGuru Finance and use its loan comparison tool to explore competitive mortgage rates. For further assistance, a Mortgage Expert can provide guidance throughout the home financing process, including support with IPA applications.
| Down payment | At least 5% of the purchase price is to be paid in cash, the rest using CPF |
| Loan ceiling | Up to 75% of the purchase price (for a loan tenure of 25 years or less) |
| Interest rate | Dependent on the bank |
| Repayment period | Capped at 30 years |
| Monthly instalments | Dependent on bank |
| Insurance | None |
Disclaimer: The information is provided for general information only. PropertyGuru Pte Ltd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.