Honestly, I knew I will be single when I'm in my 20s and have always wanted my own place in my late twenties. It wasn't easy for me to give something that I wanted for such a long time. But I guess the silver lining is that this BTO have a 5 years wait. If I work hard enough for the next few years, I might get my resale sooner. Planning to get my cash and CPF to a certain level before putting down the amount for down payment. What's your housing story?

I have a lot of fun making this video, learning about the history of our HDB policy. If you want to read more, here are the list of references that I used: https://docs.google.com/document/d/1RCVxcCDy3KWJLOO0Naej6wR-tW1Pkp7gfHZeX6MQVJw/edit?tab=t.0

Singapore needs more people like you doing this kind of video.

2 rm is for own stay. 3 or 4 rm prime BTO can still rent out rooms while own stay.

Prime / plus really takes the fun out of bto balloting... but application rates were really getting out of hand thanks to people looking to flip those in good locations so the restrictions ensured a good fighting chance for those who are genuinely buying to stay... resale prices are getting out of hand though, even good location 2room flexis are fetching 600k+ nowadays and 3room ones are pushing a million, 4rooms often go for 1.3m+ now
Still way cheaper than new launch condos i guess

Sometime down the road, we could face a drop in HDB resale prices, just like what happened back in 1999. I know, because we actually owned a 4-room resale flat in Woodlands, right next to the Causeway, from 1997 to 2004.

geat sharing.   Given similar considerations as yours,  I would have done the same thing to allocate the capital towards better investment.
Prime and Plus HDB , with its policies restrictions, esp . 2BR has low investment potential and lower utility in beating the overall system and gaining more freedom of choice.

If your final goal are HDB for future rental income, then better buy resale 4-rooms without plus/prime

you should have done your assessment much earlier before applying for the bto, you wasted your first chance and you have definitely taken away the chance from another genuine buyer who needed the flat more than you do.

I suppose being unable to rent it out does cut off a potential future income stream…..there’s no right or wrong….its whether you need that extra income in order to be able to retire eventually.

was curious what was your queue number out of the 541? TBH this TPY 2 room BTO is damn expensive compared to other projects (got the feeling this would be a high risk low rewards because of all the stupid clawback and MOP). Hence I personally think that your choice might be valid to a certain degree.

Just go for a standard or resale. The clawback and restrictions make it not worth it for any size flat.

a flat is meant for stay not investment. you are literally the problem. you said owning a home but you intend to rent it out. stop contradicting yourself.

you know all these and have so many pointers, then you still apply for prime bto for what. bruh...

Owning a house is supposed to be having a home, priority is not to think of it as an investment. People are getting influenced too easily from other "making money videos"
Mindset problem, and remember, life is short.
Good video btw!

Anyway you are lucky that you got it only 1 time. I tried 3 times got a que and got nothing. The website tells me to get sales of balance. I search up and down cannot find, in the end get a resale flat. 36k for a 2 room flat. The flat is about 7 years old when I buy it. All I can say, it is nonsense. Someone is sleeping on his job.

Its people like you that wasted chances for others.

Gosh so. Much preamble.
Simple points
-can't rent
-sell after 10 yrs to citizen

1min video

It’s the government… they can changes rules and policies when they see fits. He that holds the power … makes the rules! Buy first .. think later. 😂

You made the point that you were looking for a HDB that would allow you to rent out and make money.  No two-room flexi—Prime, Plus, or Standard—can accomplish this.   Even though 3-room HDB could be very pricey in the resale market, I still encourage young singles to purchase a 3-room apartment rather than a two-room HDB.    For instance, if you purchase a three-room HDB, the majority of old resale apartments have a 5-year MOP.    You can recover a significant amount of the purchase price through rental revenue   To put it another way, your prospective tenants are contributing to the purchase price of  your 3-room HDB and you will soon recover at least 50% of your investment regardless of your HDB decaying lease?  Furthermore,  even a 3-room resale HDB priced at S$600K is considered cheap and you can tap on the substantive grants from the govt if you are first-timer, live close to family...etc.    Unfortunately, many single are still purchasing 2-room resale HDB from the market, which can't help them make rental income as a 3-room resale flat can and the latter is always recession proof  for your wallet when you lost your job.   In this sense, a brand-new two-room BTO will not provide you with the same level of financial stability as a three-room decaying lease HDB.   No expert guru will tell you what I've just said because they only tell you that "NEW" HDB is a good investment - definitely not for a 2-room flexi unit.

Only standard and non 10 year MOP flats are worth your time.