For aspiring homeowners in Singapore, navigating the choices of housing options involves considering factors like affordability, location, and the overall home-buying experience. While Build-To-Order (BTO) flats are a common choice, many are opting for a Sale of Balance Flat (SBF) instead. Here are five compelling reasons to choose an SBF over a BTO.
1. More Diverse Choices of HDB Flats
One notable advantage of HDB’s SBF scheme is the wide range of choices it provides. Unlike standard BTO launches, SBF exercises include flats in various locations across Singapore, including mature estates. This diversity gives prospective buyers a broader spectrum of housing options, making it easier to find a home that aligns with their preferences and lifestyle.
2. Potential for Immediate Occupation
For those in a hurry to move out or start a new chapter, waiting 5-6 years for a BTO flat to be built may not be ideal. SBF units, in contrast, are typically already under construction or completed. This means that if immediate relocation is necessary, there is little to no waiting time involved.
3. Easier Access to CPF Housing Grants
Affordability is a key consideration for homebuyers, and SBF buyers can still qualify for various CPF housing grants. These grants, such as the Family Grant or Enhanced CPF Housing Grant (EHG), can significantly reduce the financial burden associated with buying a new home.
4. No Reliance on Balloting Luck
The unpredictable nature of balloting in BTO launches can be a source of stress. SBF exercises generally have a lower application rate than BTO launches, offering a more straightforward path to securing a flat without the uncertainty of a typical BTO lottery. This increased certainty in selection can be a significant relief for those looking to streamline the home-buying process.
5. Transparent Pricing
SBF units offer pricing transparency, a significant advantage over BTO flats. Unlike BTOs, where prices are only revealed at the point of selection, SBF units provide upfront pricing information. This transparency allows buyers to make decisions based on their budget without the uncertainty of future pricing fluctuations.
As Singapore's property market evolves, SBF emerges as a practical option for those seeking a balance of convenience, affordability, and choice in their homeownership journey. Whether you're a first-time buyer or a seasoned homeowner, exploring the opportunities presented by Sale of Balance Flats may be the key to securing your dream home.