Where do young couples live while waiting for their BTO flats?

Описание: Hey guys, if you are waiting for your BTO flat, where will you live? Check out the interesting places that these young couples choose to live that were featured on AsiaOne

Clara Hong and Tim Suen choose to live in Canggu, Bali while waiting for their BTO flat to complete in 2025. They rented a 1 bedroom villa there.

Niki Lee, and her boyfriend Justin Yeong rent a two-bedroom condo in Johor Bahru, after failing to get a BTO or Sale of Balance Flat five times over two years.

They pay 2000 ringgit or about $570 for the rent. Lucky him, the commute to his work place in Woodlands only takes 1 hour.

This Digital nomad couple visit 27 countries, and counting, while waiting for their BTO.

they spend six to seven months a year abroad, travelling for up to three months at a time.

On March 5, National Development Minister Desmond Lee announced that a voucher of $300 a month will be provided to support eligible families to rent an HDB flat or bedroom on the open market while they wait for their new flats to be completed.

Currently, married couples waiting for their BTO flats to be completed may rent a subsidised rental flat from the HDB under PPHS. They must meet prerequisites including not exceeding a monthly household income of $7,000, and those expecting or with children are given priority.

In February, HDB said the PPHS was oversubscribed by more than 20 times in 2021 – meaning that there were more than 20 applicants vying for each flat.

The rental rates of 2-room PPHS flats could range from $400 to $550 per month, while that of 3-room PPHS flats could be from $600 to $900 per month, according to the HDB website.

Hope you enjoyed today’s video. See you in the next one.

#singaporeproperty #propertysingapore #jonathankong #hdb #bto