but i still do not how there calculate the application rate for overall or 1st/2nd timer, after see the example.. can someone explain in a layman terms..
From my understanding, correct if i'm wrong.
First-timer application rate refers to the number of first-timer applications divided by 95% of the total flat supply, while second-timer application rate refers to the number of second-timer applications divided by 5% of the total flat supply.
For example,
Flat supply: 100 units
Total applicants: 150
First-timer applicants: 125
Second-timer applicants: 25
First timer application rate: 125/95 = 1.3 (95%)
Second timer application rate: 25/5 =5 (5%)
Overall rate:
The overall rate calculation takes into the account of the statement in blue when the first timer application rate is below 1.
Seems like the difference for BTO and SBF is this statement here:
However, some flats are also set aside for quota-based priority schemes, where HDB does not differentiate between first-timers and second-timers. At least 95% of the remaining flats are then set aside for first-timers.
Where the number of units is less than 20, all the flats will be set aside for allocation to first-timer families. Second-timer families may still apply for these flats.
They will be shortlisted if the number of applications received from first-timer families is less than the flat supply
And they didnt state any different in allocation for mature/non-mature estates.
Overall rate is not that impt to see. If you are first timer. Just look at the first timer rate.