What is bto?

BTO, or Build-To-Order, is a housing model primarily used in Singapore. It allows prospective homeowners to apply for new apartments that are built only when a certain level of demand is reached. This system is designed to minimize unsold inventory and cater to the specific needs of buyers.

Here are some key aspects of BTO flats:

  • Demand-Driven Construction: BTO projects are launched based on assessed demand, reducing the risk of oversupply. Prospective buyers apply for flats in their desired locations, and if demand exceeds supply, balloting is conducted.

  • Subsidized Pricing: BTO flats are typically priced lower than resale flats, as the government provides subsidies to make them more affordable, especially for first-time buyers. Learn more about subsidized pricing.

  • Eligibility Criteria: Strict eligibility criteria apply to BTO applicants, including income ceilings, citizenship requirements, and property ownership restrictions. The aim is to prioritize those with genuine housing needs. Understand the eligibility criteria in detail.

  • Longer Waiting Times: As BTO flats are built after application, there is a waiting period of several years (typically 3-5 years) before the flats are completed and ready for occupancy. Consider the waiting times.

  • Location and Amenities: BTO projects are strategically located across Singapore, often in developing estates with planned amenities like schools, parks, and transportation links. Explore location and amenities.

  • Resale Restrictions: There are restrictions on selling BTO flats on the open market. Owners typically need to fulfill a minimum occupation period (MOP), usually five years, before they can sell their flats. The resale restrictions are important to keep in mind.