How Much Cash Do You Need For November’s Tengah BTO Launch?

Tengah Forest Town Launching Soon

Like the rest of us, you were probably floored by HDB’s new flats in Punggol. These sea-facing units caught the eye of home buyers in August and were quickly snapped up.

If you missed out on these flats, fret not!

The upcoming BTO sales launch in November is equally stacked with projects in:

  • Sembawang (310 units)
  • Sengkang (330 units)
  • Tampines (1,080 units)
  • Tengah (1,620 units)
  • Yishun (456 units)

We’re especially excited for the launch of Tengah Forest Town, which looks to be the greenest HDB town around.


Thee town will be served by 4 MRT stations and offers a unique “car-free” town centre for residents to enjoy.

Tengah also boasts units of all sizes — from 2-room Flexi flats all the way to 3Gen units.


Before you get too excited for the launch, here are some important notes on how much cash you’ll need to buy your dream apartment in this up and coming estate in Singapore.

Down payment matters

The down payment you’ll have to pay depends on whether you’re taking a loan or not. Simply put, it ranges from 10 to 20% of the purchase price of your flat. The down payment can be paid with a combination of cash and CPF.

Based on past launches, new HDB flats range between S$89,000 to S$480,000. And if you’re taking a bank loan to finance your home, between 5 and 10% of your down payment has to be paid in cash.

So here’s how much cash you’ll need for each flat type (based on the February 2018 sales launch). Figures assume that you are taking a bank loan with a loan ceiling of 75% — this means 5% of the purchase price of the flat must be paid in cash as a down payment.

Your loan ceiling depends on the loan tenure as well as the number of loans you already have. It ranges from 15% to 75%, according to HDB.

Fortunately, a down payment is the only thing you’ll need to fork out in cash. The option fee to buy your house is lumped into the down payment sum.

You can pay off the rest of the home with your CPF or a cashier’s order.

Consider signing up for HDB’s eAlert Service to get email and/or SMS alerts about future launches.

Not enough money, how?

If you need cash to pay for the down payment, consider using a special savings account. But that won’t accelerate your cash in just 1 month.

Our advice? Just take part in various banks’ promotions that allow you to win cash for performing simple transactions.

Take part in the Maybank PayNow Bonus Lucky Draw, which comes just in time for the looming SG Bonus. By linking your NRIC and/or mobile number to PayNow with Maybank and receiving a minimum of S$100 during the promotion period, you can win up to S$15,000. The promotion period is from 1 October to 31 December 2018.

That’s the down payment for a 3-room flat settled!

Get a bonus for your SG Bonus

Existing customers who have registered for PayNow with Maybank as of 1 October 2018 automatically qualify for the lucky draw.

Those who haven’t should register ASAP. By linking your NRIC to PayNow with Maybank before 7 November 2018, you’ll also receive your SG Bonus earlier.

Here’s how to maximise your chances in the draw by performing simple daily transactions with your friends.

Plus, for every outgoing PayNow transaction via mobile or online banking, you can triple your lucky draw chances monthly.

Win the deposit for your dream BTO!

Linking your PayNow with Maybank doesn’t just raise your chances of winning cash and scoring that dream flat, it also prevents you from being that one hated friend without PayNow.

“Sian, must go to ATM to withdraw cash to pay you ah?” will forever be a phrase of the past.

For more information on the Maybank PayNow Bonus Lucky Draw, visit

Featured image from HDB.

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