Introduction
BTO is a heavily subsidized flat choice for Singaporean/PR. It’s a privilege for us but the downside is the long waiting time of 2 to 4 years. 2 years for BTO in certain non-matured estate, 4 years for the rest. Being an informed millennial, no doubt we will try to get around this by applying for BTO earlier. The best time to apply is when schooling since we have to wait anyway. (M.M. does not recommend rushing into BTO without proper financing and discussion with your other half)
There are two sayings that are commonly mistaken by students applying for BTO like student getting maximum grants and students will definitely get rejected for HDB housing loan.
Myth 1
With Zero Income, Students are able to get 40k Max Grant!
Fact:
With Zero Income, HDB will not even offer you housing loan (See Myth 2), let alone housing grant......