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HDB home buyers can soon book unsold balance flats at any time

Posted: Mon Feb 11, 2019 5:57 am
by patrick
SINGAPORE: Those looking to buy an unsold balance flat from the Housing and Development Board (HDB) can soon do so at any time instead of waiting for a twice-yearly sales exercise, said National Development Minister Lawrence Wong on Thursday (Feb 7).

Introduced in 2017, the Re-Offer of Balance Flats (ROF) sales exercise pools together all flats that are unsold after previous Sale of Balance Flats (SBF) exercises.

The ROF is currently offered twice a year. From the middle of this year, home buyers can choose to book the remaining flats from the ROF pool at any time.

This open booking will start with a batch of around 120 flats, Mr Wong wrote on the Ministry of National Development's Housing Matters blog.

READ: More than 90% of flats taken up under HDB’s first Re-Offer of Balance Flats exercise
"Flat buyers can apply online anytime on a first-come, first-served basis, and book a flat by the next working day. This will effectively reduce their waiting time to book a flat to just one day," he said.

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The ROF sales exercise is aimed at helping buyers who have more urgent housing needs, or are less particular about location and other flat attributes. Under ROF, applicants do not have to indicate a flat type and location, and can book any available units according to their eligibility.

READ: First Re-Offer of Balance Flats exercise oversubscribed by almost 4 times
Mr Wong said past ROF sales exercises have been popular with buyers, with about 2,500 households having booked a flat under the scheme. Nearly two-thirds of them have collected the keys to their flats.

"With the increased range of options available, I hope that it will be easier and more convenient for potential homebuyers to find a flat that meets their different needs, preferences, and budget," he said.


Read more at https://www.channelnewsasia.com/news/si ... o-11208478

Re: HDB home buyers can soon book unsold balance flats at any time

Posted: Tue Feb 12, 2019 5:39 am
by charmaine
I wonder how good are the balance flats since its unsold due to unpopularity? Not sure what could the real reason be. I am thinking of getting one resale flat but now that i see this information, caught me thinking...

Re: HDB home buyers can soon book unsold balance flats at any time

Posted: Tue Feb 19, 2019 6:12 am
by eve
Well, i bought from sales of balance flats, defintely no complain when you are cash tight and in need of cheap housing. Its brand new and almost immediate, seriously, nothing much to complain ;)

Re: HDB home buyers can soon book unsold balance flats at any time

Posted: Thu Feb 21, 2019 4:17 am
by faith
My 3rd try already, waiting BTO is long for me, resales old unit, not really fancy, so best bet for me is sale of balance flat. They are actually not bad. Saw a few previously, you will be surprise. ;)

Re: HDB home buyers can soon book unsold balance flats at any time

Posted: Wed May 08, 2019 9:16 am
by jamesbryan
Balance flats are best place for for people looking for cheap accommodation. They are within budget and provides best facilities. Waiting for them eagerly. :roll:

Re: HDB home buyers can soon book unsold balance flats at any time

Posted: Thu Aug 01, 2019 8:45 pm
by nicksarwin07
Hi there, During each suspension, can you tell me when HDB publish dates for the next inject and when it will start accepting online applications. So that home buyers can plan ahead for their purchase.