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Build to order (HDB)

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Revision as of 10:56, 24 January 2011 by JBW (talk | contribs) (Please see WP:NOTCATALOG)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) For information on the Build-to-Order (BTO) production concept, see Build to Order.
Sengkang Rivervale HDB Apartment

Build To Order (abbrev: BTO; Chinese: 预购组屋制度) is a Housing and Development Board (HDB) flat allocation system that offers flexibility in timing and location for owners buying a New HDB flats in Singapore. Eligible buyers planning to shift into a new HDB apartment in the near future, can apply for apartments in their preferred location from specific sites launched. Tender for construction will be called only when most of the apartments in a specific contract 65~70% or more have been booked, otherwise, the project will be aborted.

The waiting time for new flat applicants under the old Registration for Flats System (RFS) is relatively short, resulting in some applicants getting their flats earlier than they would like to. Hence flats build under the BTO would likely be completed in 4 years or lesser time. For eligible flat buyers in urgent need of accommodation, the new quarterly or half yearly sale system enables them to buy a new ready-flat in a relative short period.

All BTO projects are designed by Surbana Corporation - previously known as HDB Corporation who take part in township planning and residential development. Due to the success of BTO projects, there are pending launch of the Design, Build and Sell Scheme (DBSS) for private sector participation in public housing. The first pilot DBSS project at Tampines would be built by private developer but maintained under the HDB belt after construction. It would be build towards condominium unique design and with good location.

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