The anxiety heightens when they see applicants of some build-to-order (BTO) launches - held after the SBF exercise - selecting their flats. The HDB told MediaCorp that the selection period for each SBF exercise varies, depending on the number of flats offered, towns/flat-categories offered for sale and the response of the applicants. An SBF exercise generally needs more time to complete than a BTO exercise because of its high application numbers and the number of "queues" in each exercise, said a spokesperson. "The larger number of applicants for SBF exercises, therefore, lengthens the time needed to complete the processing, which includes eligibility checks on the applicants, the balloting process and notifying applicants of the results." The HDB said it received 11,500 applications for the 1,624 units of flats offered under the SBF exercise. It added it was doing its best to complete each selection exercise quickly, including extending operation hours. Since last January, the HDB has been conducting selection exercises after office hours on weekdays from 5.30pm to 8pm, and on Sundays from 8am to 5pm. The HDB also first schedules the selection exercise for completed flats with available keys to allow applicants who select a flat to collect their keys earlier. As of end January, about 80% of the selection exercises had been completed, said the HDB. The SBF exercise was launched in October 2009 to simplify the flat application process and provide buyers with a wider choice of flats across a range of locations in one exercise. It offers flats from earlier BTO exercises, the Selective En-bloc Redevelopment Scheme and repurchased flats. The exercise is launched when sufficient flats accumulate. If it is a completed flat, an applicant can collect the keys within 3 months. If not, the keys can only be collected when the flat is completed.
- Today News Online
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