Getting a BTO flat within three attempts may sound like a challenging feat, but it is achievable. According to HDB (Housing and Development Board), 9 out of 10 first-time households are able to secure their BTO flat within two attempts and almost all within three attempts, but only if they bid for BTO flats in non-mature estates.
So, what makes non-mature estates a more favorable option? Well, they are less in demand compared to mature estates, which translates to a better chance of winning the ballot. Additionally, BTO flat prices in non-mature estates are also more affordable.
As a first-time applicant, you will already have an extra chance to bid compared to second-time applicants. However, you can maximize your chances by taking advantage of priority schemes such as the Married Child Priority Scheme (MCPS), Multi-Generation Priority Scheme (MGPS), Parenthood Priority Scheme (PPS), or Third Child Priority Scheme (TCPS). These schemes provide priority balloting to eligible families, helping them increase their chances of securing their desired BTO flat.
It is also important to check the application rates for each launch during the open application period. HDB publishes the application rates for each launch, which you can use to your advantage. You can either choose to apply later in the period for projects that receive fewer applications, or select a less popular flat type within the same project.
Lastly, being a first-time applicant can work in your favor. BTO applicants are becoming increasingly selective, making it easier for first-time applicants to win the ballot.
In conclusion, by following these tips, you can increase your chances of securing your desired BTO flat within three attempts. Additionally, taking advantage of priority schemes, checking the application rates, and bidding for non-mature estates can help improve your chances of success. Remember, the key to success is being patient, persistent, and well-informed.