[[ Official Dec 2023 BTO ]]

[kaputzzz]

You have just confirmed our worst nightmare.

Oh well, not easy to earn from govt twice in a lifetime, so I guess it’s fair.

Actually I think is the unsold units will be allocated to 2nd timers to ballot leh. Makes no sense to not let 2nd timers ballot if they are interested in the units that first timers dun want. But since leftover is little and 2nd timer application rate is very high, competition for the leftovers is very strong.

I'm just theorising also since nobody really knows for sure except HDB themselves. One way to find out is to check the next sobf if the balance unsold for the project is equal to the next sobf on offer for the project.

 

[Gaara1989]

Yea nobody knows 100%. I think u call hdb they also wont say lols.
but based on past exp of applying below 1 and missing most of the time.. this shld be the case (flowing to sobf)

 

[kaputzzz]

Or if any 2nd timer applied in a project that has less applicants than available units and did not get a queue number, that would mean balance of flats are indeed transferred to sobf instead of given to 2nd timers.

 

[8zaoyu]

It will flow to sobf. Wont go to 2nd timer

Maybe if folks want "cheap psf HDBs", should have only SOBF after 3 years, open booking after 5 years collection. Collect all 3 /5 yrs of unselected flats, more locations.

 

[Gaara1989]

I think u guys can try the queenstown one for 2nd timer to confirm this theory.
The first timer rate only 0.2. Omg

 

[kaputzzz]

I think u guys can try the queenstown one for 2nd timer to confirm this theory.
The first timer rate only 0.2. Omg

Wah property bubble crashing? HDB sell cheap HDB nobody wants? Preposterous...

 

[8zaoyu]

Actually I think is the unsold units will be allocated to 2nd timers to ballot leh. Makes no sense to not let 2nd timers ballot if they are interested in the units that first timers dun want. But since leftover is little and 2nd timer application rate is very high, competition for the leftovers is very strong.

I'm just theorising also since nobody really knows for sure except HDB themselves. One way to find out is to check the next sobf if the balance unsold for the project is equal to the next sobf on offer for the project.

Best for First Timers to pick properly - could be their forever homes till their kiddoes fly the nests than for 2nd Timers to flip. 2nd homes can always buy $mil resales with million$ unblock views.

 

[kaputzzz]

Best for First Timers to pick properly - could be their forever homes till their kiddoes fly the nests than for 2nd Timers to flip. 2nd homes can always buy $mil resales with million$ unblock views.

Yup good opportunity for first timers to get a unit that they want ever since this new penalty came into effect. Competition is significantly lower than last time for first timers.

 

[RainyStary]

Actually I think is the unsold units will be allocated to 2nd timers to ballot leh. Makes no sense to not let 2nd timers ballot if they are interested in the units that first timers dun want. But since leftover is little and 2nd timer application rate is very high, competition for the leftovers is very strong.

I'm just theorising also since nobody really knows for sure except HDB themselves. One way to find out is to check the next sobf if the balance unsold for the project is equal to the next sobf on offer for the project.

I agreed with this as HDB should confirm take up/sold units rather than waiting for another round of SOBF.

 

[8zaoyu]

Ultimately is the extremely near to MRT make the call..in 2033 probably 4rm can sell 900k,5rm 1.2m..all can't wait to get one unit regardless it's more expensive

Good for pte condo folks to downgrade back to HDBs mah

 

[anddrool]

Actually I think is the unsold units will be allocated to 2nd timers to ballot leh. Makes no sense to not let 2nd timers ballot if they are interested in the units that first timers dun want. But since leftover is little and 2nd timer application rate is very high, competition for the leftovers is very strong.

I'm just theorising also since nobody really knows for sure except HDB themselves. One way to find out is to check the next sobf if the balance unsold for the project is equal to the next sobf on offer for the project.

Don't have to worry about units not flow to second timers if there are insufficient first timer. Units allocated under priority schemes will be flowed to second timers under the same priority. For MCPS, if there is not enough MCPS first timer applicants to take 30% of supply, the remaining MCPS quota in first timers will flow to second timer MCPS.
Therefore it does not really deprive 2nd timer chances and there will be more units available to second timers under the right conditions.

 

[8zaoyu]

I think u guys can try the queenstown one for 2nd timer to confirm this theory.
The first timer rate only 0.2. Omg

Ya, the last 5% for 2nd Timers if lucky to get a queue no. may get to select higher floors and better units.
15% chance if under MGPS two new HDBs choosing a 2 rm plus a 3 rm - so if one party choose 4 rm will reduce to 5% allocation for 2nd Timers both generations - read the fine prints!

 

[anddrool]

Wah property bubble crashing? HDB sell cheap HDB nobody wants? Preposterous...

The recent bto application rate only confirm HDB decision not to anyhow increase BTO supply.
The group of people keep complaining there is not enough supply therefore lead to very high application rate.

After BTO rules tightening, it clearly shows that in the past a lot people are applying are not the group of people who really wants to buy a unit. But rather a lot people who apply will only wants to buy high floor, good facing etc and will not book a unit if their high floor, good facing choice units are gone.

 

[kaputzzz]

I agreed with this as HDB should confirm take up/sold units rather than waiting for another round of SOBF.

Actually... If flow to 2nd timers, that will take away chances for first timers who are interested but couldn't apply for this BTO exercise for whatever reason like haven't get marriage cert or haven't complete hfe or not ready yet or not aware of the BTO exercise. In other words,it will benefit 2nd timers but penalise first timers indirectly. So flowing to sobf is better for ppl who really need a unit aka first timers.

I believe the units will all be eventually sold regardless or giving to 2nd timers or flowing to sobf to other first timers so HDB won't worry about whether they can sell all the units in this BTO exercise or not. Again I'm just guessing.

 

[kaputzzz]

The recent bto application rate only confirm HDB decision not to anyhow increase BTO supply.
The group of people keep complaining there is not enough supply therefore lead to very high application rate.

After BTO rules tightening, it clearly shows that in the past a lot people are applying are not the group of people who really wants to buy a unit. But rather a lot people who apply will only wants to buy high floor, good facing etc and will not book a unit if their high floor, good facing choice units are gone.

Yup previously, applicants are mix of serious buyers and half hearted buyers who are just trying their luck since there is no penalties back then. Now the applicants are more serious in buying a unit and alot of the half hearted applicants are filtered out. So the current application rate kinda reflects the "real" demand of BTO units.

 

[Gaara1989]

Ya, the last 5% for 2nd Timers if lucky to get a queue no. may get to select higher floors and better units.
15% chance if under MGPS two new HDBs choosing a 2 rm plus a 3 rm - so if one party choose 4 rm will reduce to 5% allocation for 2nd Timers both generations - read the fine prints!

Fine prints for mgps?
where does it say if one person choose 4rm the next one 5% chance?
I only saw up to 15% (min of 20 units) for mgps

 

[gonewiththesmart]

what is penalty for 2 nd timer who is given a number to select BTO but fails to select ?

 

[anddrool]

what is penalty for 2 nd timer who is given a number to select BTO but fails to select ?

1 year cannot apply for bto

 

[AlanKohCD]

Anyone know how to read the application figure?
3rm Total = 218
Apply = 37
1st timer = 0.1
2nd Timer =2.6
From the above what is the meaning of 0.1 and 2.6 if convert to number of applicant? now only 37 apply .

 

[lupster]

Or if any 2nd timer applied in a project that has less applicants than available units and did not get a queue number, that would mean balance of flats are indeed transferred to sobf instead of given to 2nd timers.

Rarely happens.