Advertisement

How We Secured a Spacious Toa Payoh Flat and Saved $300K — Without Waiting Years
apartment

For many Singaporeans, getting a first home often means choosing between long BTO waits or paying a premium for a resale unit. But a quietly growing group of buyers has found a middle path: Sale of Balance Flats (SBF).

Once considered the “less desirable” leftovers, SBF units have become an increasingly attractive option for couples who want certainty, speed, and affordability. And one Toa Payoh couple’s experience shows exactly why this route is gaining so much attention.

Their journey reveals that with the right timing, mindset, and a bit of luck, it’s possible to secure a sizeable flat in a mature estate — at a price far below the resale market.

Choosing SBF Over BTO and Resale

The couple, whom we’ll call N & F, started their home search shortly after their wedding in mid-2024. Like many newlyweds, they explored all three common routes — BTO, resale, and SBF — but SBF quickly emerged as the most practical for their priorities.

The biggest appeal was time. Unlike BTO flats that often take several years to complete, many SBF units are already built or close to completion. This eliminates the uncertainty of waiting and lets couples start their new life sooner.

Resale flats, on the other hand, offered speed but with a much heavier price tag. The couple found that many comparable 4-room resale units in Toa Payoh were roughly $300,000 more than the SBF options.

When the first SBF launch for 2026 approached, they decided to take a chance. Their queue number turned out to be an incredibly lucky number four, giving them one of the best selections in the entire exercise.

The Entire Process Took Just Seven Months

One of the surprises for N & F was how fast everything moved. Unlike resale purchases — where buyers and sellers negotiate timelines — SBF applicants follow a clear and structured HDB schedule.

From submitting their application to collecting their keys, the entire journey lasted only seven months, roughly matching the speed of many resale transactions, but without the premium of resale pricing.

Seeing the Flat Before Committing Made All the Difference

Because their chosen flat was already completed, they could do something BTO buyers never can: walk through the corridors, check common areas, observe noise levels, and even speak with residents.

To them, this transformed the decision-making process. Being able to get a feel of the actual surroundings gave them confidence that the estate suited their lifestyle.

They even discovered an unexpected advantage. While they initially avoided corridor units, this particular block had a layout where only one neighbouring household would walk past their door. After a friendly chat with that neighbour, any concerns evaporated.

A Mature Estate With Everyday Convenience

The block they eventually selected sits in the heart of Toa Payoh, surrounded by amenities that many newer estates simply cannot match:

  • markets and coffee shops within minutes

  • convenience stores, salons, and playgrounds nearby

  • several MRT stations accessible by foot

  • a well-connected network of cycling paths

  • an ActiveSG gym just around the corner

To them, the estate felt lived-in but well-maintained — a comfortable balance between familiarity and order.

A Surprisingly Spacious 4-Room Home

Their chosen unit measures 1,087 sq ft, noticeably larger than many newer 4-room layouts that hover around 960 sq ft.

One of the first things they loved was the open rectangular living and dining area, which gave the home a roomy, comfortable feel. The block also uses a centralised refuse system, meaning no refuse chute inside the unit, which they preferred for ease of maintenance.

Despite the block being over two decades old, the flat came across as well-preserved, bright, and airy. Their stack also enjoys strong natural wind, thanks to its mid-to-high elevation.

Planning the Finances Early Helped Them Stay on Track

With fewer years in the workforce and modest CPF balances, the couple had to plan carefully.

They made early use of:

  • HDB’s online affordability tools

  • preliminary renovation quotations

  • furniture browsing to estimate extra costs

Support from family helped them upgrade certain finishes and purchase furniture they genuinely wanted, though it wasn’t essential for affordability.

Avoiding resale prices was ultimately what kept their financial journey manageable.

Their Advice to Future Homebuyers

After completing the process, N & F shared several insights for others deciding between SBF, BTO, and resale:

✓ Visit the block in person if the SBF unit is already built

Nothing beats seeing the environment firsthand. What looks average on paper can feel completely different in reality.

✓ Be flexible

Some SBF units may have quirks typical of older flats, but these can be outweighed by location, layout, or affordability.

✓ Don't rely only on assumptions about older units

Many SBF flats are returned simply because buyers’ circumstances changed — not because there’s anything undesirable about the unit.

✓ Consider whether resale premiums are truly worth it

If time is the priority and the unit is already completed, SBF can offer a sweet spot: faster than BTO, far cheaper than resale.

The Key Benefits They Discovered — And Why They Recommend SBF

Only after completing their move did the main advantages become clear:

  • They saved around $300,000 compared to equivalent resale flats.

  • They secured a home within seven months, instead of waiting years for BTO construction.

  • They moved into a mature, well-connected estate with everything within walking distance.

  • They gained a larger-than-average 4-room layout rarely seen in newer developments.

For N & F, SBF turned out to be a rare balance of speed, value, and certainty — a combination that many Singaporean couples wish they could find.

look Watch AD
Unlock More
Hot News
Singapore’s Most Expensive Neighbourhoods Evolve: 4 Key Buyer Trends Shaping the CCR in 2026
Singapore’s Most Expensive Neighbourhoods Evolve: 4 Key Buyer Trends Shaping the CCR in 2026
In the early 2000s and before, purchasing a condo in Singapore’s Core Central Region (CCR) was largely reserved for the ultra-wealthy or affluent foreign investors. For the average Singaporean, owning a CCR property was almost unattainable — akin to indulging in luxury items that felt out of reach. But fast forward to 2026, and the real estate landscape is noticeably different.The price gap between the Rest of Central Region (RCR) condos, and in some cases even the Outside Central Region (OCR) c
More>>
How the New Prime Location Public Housing (PLH) Model Will Impact You as a Buyer or Seller
How the New Prime Location Public Housing (PLH) Model Will Impact You as a Buyer or Seller
In October 2021, the Ministry of National Development (MND) and the Housing & Development Board (HDB) introduced the Prime Location Public Housing (PLH) model after extensive consultations with the public and industry experts. This new approach aims to keep public housing in Singapore’s most sought-after areas affordable and accessible for Singaporeans.What’s Different About the PLH Model?The PLH model changes several key rules to better manage demand and maintain affordability in prime location
More>>
I bought a freehold property in Singapore and regret it - here's the big mistake I made
I bought a freehold property in Singapore and regret it - here's the big mistake I made
Many Singaporean homebuyers, especially from older generations, have traditionally favoured freehold properties. The appeal is clear: a sense of permanence, the idea that their children or grandchildren will benefit from the investment, and years of advice reinforcing that freehold trumps leasehold. However, recent experiences from homeowners reveal that paying a freehold premium doesn’t always guarantee higher returns.A freehold property that didn’t outperformTY and her husband purchased their
More>>
Why Singapore’s Newly Completed Condos Are Quietly Making Owners Hundreds of Thousands in Profit
Why Singapore’s Newly Completed Condos Are Quietly Making Owners Hundreds of Thousands in Profit
It’s been said that the past five years have changed Singapore’s property market more dramatically than the two decades before. And perhaps that’s true — Covid-19, supply bottlenecks, and shifting buyer priorities have turned old “rules” upside down.For example, small units once thought to be investor-only are now occupied by young professionals, while prime central homes — once the domain of wealthy foreigners — are being snapped up by local families seeking prestige and convenience. Amid all t
More>>
Your 2026 Guide to Buying an Executive Condominium (EC) in Singapore
Your 2026 Guide to Buying an Executive Condominium (EC) in Singapore
Executive Condominiums (ECs) continue to be one of Singapore’s most attractive housing options, especially for buyers who want the perks of condo-style living at a more accessible price point. As we move through 2026, interest in ECs remains strong, boosted by steady demand from HDB upgraders and the limited supply of new launches each year.In recent years, EC projects have consistently performed well at launch. Lumina Grand EC, for instance, achieved impressive sales shortly after its release,
More>>
Why I Keep Buying Properties in Johor Bahru — And You Might Want to Consider It Too
Why I Keep Buying Properties in Johor Bahru — And You Might Want to Consider It Too
Most people spend years researching, saving, and waiting for the “perfect” moment to invest in real estate — only to never buy at all. John, a Malaysian property agent and investor, took a very different route: instead of waiting, he jumped in fast. And now, with seven properties in Johor Bahru (JB) under his belt, he’s not slowing down anytime soon.We spoke to John to learn why JB remains his investment turf, how he got started, and what he wishes more people understood about building a propert
More>>
Are Singapore’s Oldest HDB Flats Losing Value? A 2026 Update
Are Singapore’s Oldest HDB Flats Losing Value? A 2026 Update
Singapore’s Housing & Development Board (HDB) flats have long been a stable part of the property market, but the question on many minds is whether the oldest units are finally starting to lose value. After all, these flats aren’t getting any younger, the SERS program has mostly concluded, and the VERS initiative looms on the horizon.Back in 2018, the government made waves by pointing out that even flats over 50 years old could still appreciate. Fast forward to 2026, and it’s worth revisiting the
More>>
The 2026 Guide to Affordable Housing in Malaysia: What You Need to Know
The 2026 Guide to Affordable Housing in Malaysia: What You Need to Know
Even as Malaysia moves deeper into 2026, affordable housing remains one of the country’s most pressing challenges. For many young professionals, newly married couples, and middle-income families, the dream of owning a home feels increasingly out of reach. Despite some signs of price stabilisation, the gap between income levels and property prices—particularly in urban centres—continues to grow.In response, the Malaysian government has stepped up its efforts under the MADANI Economy framework and
More>>