Discover
Discover
Should I buy a BTO or a resale HDB flat
6 people
13 views
Here are some key differences taken from the eligibility and grants available:
• Buying a Build-To-Order (BTO) flat:
– Requires meeting an income ceiling of up to S$14,000 (or S$21,000 for extended families) for 4-room or larger units, while 2-room Flexi and 3-room units have lower ceilings.
– You can receive up to S$60,000 from the Enhanced CPF Housing Grant (EHG).
– Singles must be 35 and above, and are only eligible to buy 2-room BTO Flexi flats in non-mature estates (unless applying with other singles).
– From mid-2025, singles applying for such flats will get priority if buying near or with parents.
– Requires meeting an income ceiling of up to S$14,000 (or S$21,000 for extended families) for 4-room or larger units, while 2-room Flexi and 3-room units have lower ceilings.
– You can receive up to S$60,000 from the Enhanced CPF Housing Grant (EHG).
– Singles must be 35 and above, and are only eligible to buy 2-room BTO Flexi flats in non-mature estates (unless applying with other singles).
– From mid-2025, singles applying for such flats will get priority if buying near or with parents.
• Buying a resale HDB flat:
– No income ceiling.
– You can still receive the EHG, plus up to S$40,000 from the CPF Housing Grant, and up to S$15,000 from the Proximity Housing Grant.
– Wider range of flat types to choose from, with fewer restrictions for singles.
– No income ceiling.
– You can still receive the EHG, plus up to S$40,000 from the CPF Housing Grant, and up to S$15,000 from the Proximity Housing Grant.
– Wider range of flat types to choose from, with fewer restrictions for singles.
Consider your budget, family plans (or singles eligibility), and any grants you may qualify for when deciding which option best suits your needs.