HDB Sale of Balance Flats (SBF) Feb 2024: Once A Year Opportunity
CPF
By Gerald Wong, CFA • 21 Feb 2024
Why trust Beansprout? We’re licensed by the Monetary Authority of Singapore (MAS).
For the February 2024 SBF sales launch, HDB will be offering about 1,500 SBF flats. Read our guide to learn more about the February 2024 SBF sales launch.
What happened?
The HDB SBF Sale of Balance Flats (SBF) for February 2024 has been launched!
In case you are not aware, the February 2024 SBF will be the only SBF this year.
HDB has announced that from 2024 onwards, there will be three BTO exercises and one SBF exercise every year.
As HDB explains, this comes on the back of the moderation of BTO application rates which has come down from the pre-pandemic high.
The SBF exercise in February 2024 has about 1,500 flats available on offer.
Let us find out more about the February 2024 SBF sales launch.
Which HDB estates offer SBF flats in the Feb 2024 exercise?
For an overview of the HDB SBF February 2024 launch, refer to the two tables below:
Table 1: SBF units in mature estates
| Ang Mo Kio | Clementi | Kallang/Whampoa | Queenstown | Tampines | |
| Total supply of flats | 50 | 20 | 85 | 170 | 145 |
| Type of flats | 2-room flexi (5), 4-room (30), 5-room (15) | 2-room flexi (5), 3-room (10), 4-room (5) | 2-room flexi (30), 3-room (10), 4-room (45) | 3-room (40), 4-room (130) | 2-room flexi (25), 3-room (5), 4-room (65), 5-room (50) |
| Price | from $132,000 (2-room short lease) from $231,000 (2-room 99-year) from $594,000 (4-room) from $794,000 (5-room) | from $97,000 (2-room short lease) from $169,000 (2-room 99-year) from $337,000 (3-room) from $441,000 (4-room) from $644,000 (5-room) | from $134,000 (2-room short lease) from $234,000 (2-room 99-year) from $402,000 (3-room) from $562,000 (4-room) | from $444,000 (3-room) from $592,000 (4-room) | from $89,000 (2-room short lease) from $153,000 (2-room 99-year) from $289,000 (3-room) from $370,000 (4-room) from $551,000 (5-room) |
| Completion date | 2028 | Completed | 2026 | 2027-2028 | 2025-2026 |
Table 2: SBF units in non-mature estates
| Bukit Batok | Choa Chu Kang | Hougang | Jurong West | Sengkang | Yishun | |
| Total supply of flats | 130 | 10 (completed) | 50 | 45 | 100 | 670 |
| 25 (TOP 2026) | ||||||
| Type of flats | 2-room flexi (20), 3-room (30), 4-room (15), 5-room (15) | 2-room flexi (5), 4-room (5) | 2-room flexi (20), 4-room (20), 5-room (10) | 2-room flexi (25), 3-room (5), 4-room (10), 5-room (5) | 2-room flexi (55), 3-room (5), 4-room (30), 5-room (10) | 2-room flexi (290), 3-room (5), 4-room (190), 5-room (185) |
| 3-room (5), 4-room (10), 5-room (10) | ||||||
| Price | from $69,000 (2-room short lease) from $118,000 (2-room 99-year) from $249,000 (3-room) from $346,000 (4-room) from $481,000 (5-room) | from $77,000 (2-room short lease) from $133,000 (2-room 99-year) from $249,000 (3-room) from $317,000 (4-room) from $486,000 (5-room) | from $78,000 (2-room short lease) from $135,000 (2-room 99-year) from $378,000 (4-room) from $531,000 (5-room) | from $74,000 (2-room short lease) from $128,000 (2-room 99-year) from $263,000 (3-room) from $366,000 (4-room) from $542,000 (5-room) | from $68,000 (2-room short lease) from $118,000 (2-room 99-year) from $237,000 (3-room) from $350,000 (4-room) from $480,000 (5-room) | from $51,000 (2-room short lease) from $88,000 (2-room 99-year) from $215,000 (3-room) from $268,000 (4-room) from $382,000 (5-room) |
| Completion date | 2024-2028 | Completed / 2026 | 2025-2026 | Completed | 2028-2029 | |
Step by step guide to SBF February 2024
#1 - HFE letter
Applicants who are intending to participate in any of the HDB sales exercises will need to have a valid HDB Flat Eligibility (HFE) letter at the point of submitting their application.
This means that you need to obtain your HFE letter well in advance of the actual SBF exercise date—note that it typically takes about a month for HDB to process a HFE letter application.
Once your HFE letter application has been approved, you will be informed via SMS where the letter will be ready to view on the HDB Flat Portal.
It is very important that you do this early as the rate of HFE applications tends to climb higher when it is nearer to the date of sales launches.
Flat supply for the SBF exercises are already limited, so make sure you maximise your chances by getting that HFE letter early!
#2 - Submit your online application
In the past, SBF exercises were conducted twice yearly, typically in May and November once sufficient balance flats were made available.
From 2024 onwards, however, there will be one SBF exercise each year.
When HDB announces the opening of the SBF launch, you will need to apply for the desired flat of your choice.
Do keep a lookout for news of the sales launch so that you can take the necessary steps for your online application.
One helpful tip is to subscribe to HDB’s eAlert Service which sends you alerts on HDB’s sales launches, updates on policies and procedures, corporate infotisements, and other news.
#3 - Getting a queue number
If you manage to successfully ballot for a queue number that is within the supply of available flats, you will be informed by email.
The results will be provided within 2 months after the application period has closed.
From here on, your next steps will be to go down to your flat selection appointment.
Note that the order will be determined according to your queue number in the existing applicant pool.
You will also be able to retrieve the relevant documentation needed for your flat appointment on the HDB Flat Portal.
In summary, here is an overview of how the entire SBF process works:
What would Beansprout do?
With just one SBF exercise in 2024, we will make sure we do not miss the opportunity in February 2024.
To learn more about SBF, read our comprehensive guide here.
If you would prefer a HDB BTO, check out our guide to February 2024 HDB BTO launch here.
Regardless of whether you are looking at a SBF or BTO,, we will familiarise ourselves with the HFE application process with our step-by-step guide to a HFE letter application.
When you are ready to take the plunge towards a SBF, find out if you should take a HDB loan or bank loan.
If you are taking a bank loan for your SBF purchase, read our step-by-step guide on how to choose the best one that meets your financial needs.
Read also
Most Popular
Gain financial insights in minutes
Subscribe to our free weekly newsletter for more insights to grow your wealth
Comments0 comments