5 Answers

Good day to you,

When applying for a BTO unit, you must consider the household income ceiling as a critical requirement, which has been casted in stone. Given that you have no intention of securing a grant or housing loan, you should definitely explore resale HDB units. This option will provide you may better align with your housing goals.

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1. **BTO Income Ceiling**: The BTO income limit is a strict rule, even if you don’t need a grant or loan. If your income exceeds $7,000, you won’t qualify for a BTO flat as a single applicant.

2. **Resale HDB Flexibility**: Resale flats don’t have income ceilings, making them a viable alternative if you’re ineligible for BTO. You can choose from a wider range of locations and flat types.

3. **No Grant or Loan Constraints**: Since you’re not relying on grants or HDB loans, resale flats offer more freedom in terms of pricing and financing options.

4. **Immediate Availability**: Unlike BTOs, which have long waiting times, resale flats are ready for immediate move-in, saving you years of waiting.

5. **Location Choices**: Resale flats allow you to pick mature estates or prime areas, which may better suit your lifestyle and preferences.

6. **Negotiation Power**: In the resale market, you can negotiate prices directly with sellers, potentially securing a better deal.

7. **CPF Usage**: You can use your CPF savings to fund the purchase, even without grants or loans, making it a financially flexible option.

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(13) Newport Residen Read More
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To be eligible for BTO, household income will need to fulfill the criteria, regardless if loan is required or not. Hope this helps.

——

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi, appreciate your sharing. Don't require to do so, able to do HFE first to determine the outcome.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
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Hi, yes as BTO is still a subsidized unit.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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