When Do We Sign Agreement For Lease Hdb

In the order of the queue number, candidates are called 1-2 weeks after the election results are published by an HDB representative at the Toa Payoh HDB hub. This HDB officer will accompany you for the rest of your BTO trip. You will need a valid letter of offer from the banks before signing the lease. The PoA must be signed by you in the presence of your lawyer. If you are already abroad, you must sign the PoA in the presence of one of the following parties: Armed with knowledge of your financial situation, the next step is to decide which sales you and your partner are interested in. A list of BTO launches can be find on HDB InfoWEB. As a young couple, you can consider 2-room apartments or larger apartments. In addition to the BTO launches, which are the main offer of new homes for sale, there are the flat balance launches (SBF) that allow you to request balancing apartments from old BTO launches, the selective Bloc Revelopment Scheme (SERS), replacements and purchased apartments. If there are no selected apartments from SBF sales launches, they can be offered under open accommodation reservations.

For open apartment bookings, you can request an apartment online at any time and get a queue number for apartment booking on the basis of First-come-first-served and, if possible, book an apartment from the next business day. It is important to apply for a flat type that you can easily afford. As a student or graduate, it`s hard to know how much you`ll earn in 4-5 years if you have to start paying the mortgage. Be careful and make sure you don`t overburden yourself financially. You can use the CPF First Home Calculator to estimate the price of real estate and home loans that you can easily afford, based on dementia income and partners. After your application, you will receive a queue number based on the vote. The queue number determines the order in which you can book a unit compared to the other candidates. Whether you get your unit to vote also depends on the demand from other home buyers, the supply of apartments and the availability of housing when it`s your turn.

If you go in HDB to book an apartment, you have to pay the option fee on the spot, depending on the flat type: the selection exercise starts 1 to 2 weeks after the publication of the election results and depends on your queue position. That`s why we invented this little sheet of paper to find out what you`re getting into if you end up signing up for this polka dot line. The result of your BTO vote will be published 3 weeks after the deadline for submitting nominations. The voting time for BTO launches has been reduced from 6 weeks to 3 weeks, starting with the launch of the BTO in May 2019. The more queue number you receive, the better. Once your apartment is finished and the keys are ready to be displayed, the HDB will warn you to get your keys back.