If you are still young, you may not be aware what Built-To-Order really means. The Build-To-Order (BTO) is a responsive system offering flexibility in location and timing for flat buyers. Eligible buyers planning to shift into a new HDB apartment in the near future can apply for apartments in their preferred location from specific sites launched.
Contracts launched under BTO offer either 2-room, 3-room, 4-room or 5-room apartments, or a combination of the flat types, with standard or premium finishes. Tender for construction will be called only when most of the apartments in a specific contract have been booked.
How Build-To-Order Works
HDB will announce the sites where new flats will be built and invite applicants to submit an application within the application period. They will be given indicative prices and preliminary designs to help them decide on their preferred choice. After the application period closes, HDB will assess the response before deciding on whether to offer all, one or none of the contracts for booking.
HDB will then conduct a computer ballot and invite applicants to book a flat. When most of the flats in a particular contract are booked, HDB will call tender for the construction of the flats.
The keys to the new flat will be issued to applicants when the construction is completed.
Optional Component Scheme (OCS)
Flats of Standard Design do not come with floor finishes to the living/dinning room and bedrooms. Under the Optional Component Scheme (OCS), buyers of these flats can opt to have ceramic floor tiles provided to their flats, in addition to the options for internal doors. For those who opt-in for these floor finishes and doors, the cash out-lay required in renovation works will be lessen as the price of this component will be added to the selling price of the flat.
In buying a Standard Flat, you will have the following choices under the OCS:
- opt-in for both the internal doors and the basic flooring;
- opt-in for the internal doors only;
- opt-in for the basic flooring only; or
- do not opt-in for the internal doors and basic flooring.
As Premium Apartments come with special design attributes and full finishes, buyers will be given the option to opt-in for the internal doors only. The price of the internal doors will be included in the selling price of the flat.