#andraexplains ✨

Hi All!

CFS will be supporting the HDB booth outside Koufu on 19 & 20 Mar, 11am-3pm 🏡💵. Check out what's installed:

1. MyNiceHome Ultimate Guide to Buying an HDB flat for First-Timers
2. There is a home for every need and budget - BTO & Resale flats
3. First-time home buyers are given more grants and priority
4. Examples of how you can finance your future home

- Win an Ice Cream 🍦🧊 by voting vote for “This or That” choices at the booth
- win MyNiceHome merchandise by following HDB on IG!

Updated payment schedule for applicable young couples applying from June 2024 onwards

Just in: Young couples who are students or NSFs can apply for new flats with lower initial downpayment from June 2024.

Applicable couples will only need to pay 2.5% from the initial 5%.

The remaining 2.5% difference will be paid at key collection date — increase from 15% to 17.5% (for HDB Loan)

https://www.channelnewsasia.com/singapore/young-couples-students-nsfs-hdb-bto-lower-initial-downpayment-pphs-vouchers-4171466?cid=internal_sharetool_iphone_05032024_cna

Hey besties, I know I’ve not been as active as I would like to in this group but I promise, exciting things are coming up soon! (Especially cause I’ve been working doubly hard to save for the downpayment that’s coming up soon)

Wearing my FinTech hat for the time being

I will be chatting with #workbestie, Crystal Lim-Lange at the Singapore FinTech Festival on the Talent Stage.

View the deets in my LinkedIn post! Have any questions for Crystal? Drop those questions in the comment section!

https://www.linkedin.com/posts/andralynntan_workbestie-activity-7127134215757852672-7onl?utm_source=share&utm_medium=member_ios

📣 Just a reminder that application closes today @ 2359

🏡❗Application rate summary as of 10 Oct 2023, 9 am

Reminder: Submit your application by 10 October 2023, 2359

Legend
🟢 Low --> less than 2 applicant per flat
🟠 Mid --> 2 - 3 applicants per flat
🔴 High -->More than 3 applicants per flat

2 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Verandah@Kallang) --🟢 Low

3 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Verandah@Kallang) --🟢 Low
• Queenstown (Tanglin Halt Cascadia)--🟢 Low

4 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Tenteram Vantage / Verandah@Kallang) --🟢 Low
• Queenstown (Tanglin Halt Cascadia) --🟢 Low

5 room/ 3Gen
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟠 Mid
• Tengah (Plantation Edge I / Plantation Edge II) --🟠 Mid

Notes
- Most applicants will be able to select a flat if the application rate of the project is below 1.7
- HDB shortlist beyond 100% and potentially up to 300% of the total flat supply, taking into account the respective quota.

Competition is not stiff for first timers, even for the 5 room flats! Second timers may find themselves in a much probable position to get a queue number :)

🏡❗Application rate summary as of 8 Oct 2023, 2 pm

Reminder: Submit your application by 10 October 2023, 2359

Legend
🟢 Low --> less than 2 applicant per flat
🟠 Mid --> 2 - 3 applicants per flat
🔴 High -->More than 3 applicants per flat

2 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Verandah@Kallang) --🟢 Low

3 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Verandah@Kallang) --🟢 Low
• Queenstown (Tanglin Halt Cascadia)--🟢 Low

4 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Tenteram Vantage / Verandah@Kallang) --🟢 Low
• Queenstown (Tanglin Halt Cascadia) --🟢 Low

5 room/ 3Gen
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low

Notes
- Most applicants will be able to select a flat if the application rate of the project is below 1.7
- HDB shortlist beyond 100% and potentially up to 300% of the total flat supply, taking into account the respective quota.

🏡❗Application rate summary as of 6 Oct 2023, 6 pm

Reminder: Submit your application by 10 October 2023, 2359

Video update: https://vt.tiktok.com/ZSNNYmdtJ/

Legend
🟢 Low --> less than 2 applicant per flat
🟠 Mid --> 2 - 3 applicants per flat
🔴 High -->More than 3 applicants per flat

2 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Verandah@Kallang) --🟢 Low

3 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Verandah@Kallang) --🟢 Low
• Queenstown (Tanglin Halt Cascadia)--🟢 Low

4 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Tenteram Vantage / Verandah@Kallang) --🟢 Low
• Queenstown (Tanglin Halt Cascadia) --🟢 Low

5 room/ 3Gen
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low

Notes
- Most applicants will be able to select a flat if the application rate of the project is below 1.7
- HDB shortlist beyond 100% and potentially up to 300% of the total flat supply, taking into account the respective quota.

✨Tips before applying this BTO season

1 - Ensure you have your HFE Letter ready!
If you have not received approval from HDB, drop them a message here OR drop them a call at 1800-225-5432 (1800-CALL-HDB).

They will probably be flooded with calls, do look at their FAQ's first

2 - Pick a flat size that suits your needs!

• Do we intend to have kids? Will our parents stay with us?
• What do we intend to utilise the space for? Other than living? (This can perhaps give you a better idea between 4 and 5 room flat)

3 - Decide on the location! Some considerations:

• Applying with MCPS? Pick a flat within 4 km radium of either parents home
• What sector of work are we doing in the future? Where are there’s offices/ workplaces clustered at? (Eg. Finance couples might want to consider houses around kallang/ whampoa as it is closer to CBD)
• Do the amenities around the flat fit our needs? (Eg. You might be sporty and would like to have a CC near you)

4 - Calculate your projected salaries

• Future proof yourself by considering your monthly expenditure + loan repayment
• Also keep in mind that your 1st downpayment will be paid within 1 year of application, do you have the fund set aside? If not, it might be better to either, (1) save and skip this sales launch or (2) consider a property within your budget

https://www.straitstimes.com/singapore/housing/hdb-launches-6800-bto-flats-with-tighter-rules-for-applicants-who-reject-offer-to-book-units#:~:text=For%20instance%2C%20first%2Dtimer%20applicants,BTO%20flats%20to%20choose%20from.

🏡❗Application rate summary as of 5 Oct 2023, 6 pm

Reminder: Submit your application by 10 October 2023, 2359

Video update: https://vt.tiktok.com/ZSNNYmdtJ/

Legend
🟢 Low --> less than 2 applicant per flat
🟠 Mid --> 2 - 3 applicants per flat
🔴 High -->More than 3 applicants per flat

2 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Verandah@Kallang) --🟢 Low

3 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Verandah@Kallang) --🟢 Low
• Queenstown (Tanglin Halt Cascadia)--🟢 Low

4 room flat
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low
• Kallang Whampoa (Rajah Residences / Tenteram Vantage / Verandah@Kallang) --🟢 Low
• Queenstown (Tanglin Halt Cascadia) --🟢 Low

5 room/ 3Gen
• Choa Chu Kang (Rail Green I @ CCK / Rail Green II @ CCK) --🟢 Low
• Tengah (Plantation Edge I / Plantation Edge II) --🟢 Low

Notes
- Most applicants will be able to select a flat if the application rate of the project is below 1.7
- HDB shortlist beyond 100% and potentially up to 300% of the total flat supply, taking into account the respective quota.

👀 If you want to kaypoh other applicants for Oct 2023 BTO Sales Launch —

View the BTO Application rate summary here! 🏡