Sale of Balance Flats – Singapore HDB flat for rent
Singapore HDB flat for rent – The Sale of Balance Flats (SBF) exercise replaces the balloting exercise, quarterly sales and half-yearly sales. It offers flat buyers a wide range of flats in terms of location, flat type and price to suit the different needs, preferences and budget of home buyers.
The flats consist of:
- Balance flats from earlier Build-To-Order (BTO) exercises;
- Surplus Selective En-bloc Redevelopment Scheme (SERS) replacement flats;
- Repurchased flats.
Procedure:
- The Sale of Balance Flats will be launched as and when HDB has accumulated sufficient flats for sale.
- Interested flat buyers can submit their applications within the given period.
- Balloting is done through the computer to shortlist applicants to book flats.
- Balloting system is allocated on a 95:5 ratio (first-timer: second-timer)
- Applicants who fail to book a flat after 2 times short listed will be debarred for 1 year or pay a penalty of $1,000.
- If an applicant has placed a booking but fails to sign the Agreement for Lease, his/her booking fee is forfeited with no debarment.
- If an applicant does not take procession after signing the Agreement, he/she will be penalized by a sum that is 3 times the booking fee. Singapore HDB flat for rent
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