/Desmond Lee Facebook

BTO vs SBF: Why are SBF flats more popular for applicants in November launches?

Homebuyers considered faster completion time of flats.

Despite the largest build-to-order (BTO) flats opened for buyers in November, more applicants preferred sale of balance (SBF) flats.

According to HDB, applicants for BTO flats went down from 39,136 in August to 24,562 in November. But the number of SBF applicants was 25,350.

A factor that helped SBF popular amongst homebuyers was possibly due to shorter completion times, OrangeTee said.

OrangeTee also noted that there are more locations to choose from for SBF units.

More chances for BTO applicants

OrangeTee research team said the application rate for SBF units is 23.7, which is a much higher rate than 2.5 for BTO. 

“This is the lowest overall BTO application rate since September 2019 with an application ratio of 2.1,” said Orange Tee.

This lower application rate may be good news for BTO flats applicants, OrangeTee added. 

Buying trends showed that more Singaporeans are applying for new flats over the past year due to its affordability.

Data showed that the number of flats also grew rapidly at 22.5% from 21,401 units in 2021 to 26,207 units in 2022, compared to the 16.3% increase in total applicants over the same period.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!