Here’s a clear breakdown of the **waiting time** and **procedure** for selling your condo and purchasing a resale HDB as an SPR:
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### 1. **Wait-Out Period**
- After selling your condo, you must wait **15 months** before you can buy a resale HDB flat. This rule applies to all private property owners, including SPRs.
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### 2. **SPR Status Requirement**
- Your wife and son must hold their SPR status for **at least 3 years** before you can apply for a resale HDB flat. Since they obtained SPR last year, you’ll need to wait until they meet this requirement.
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### 3. **Procedure to Sell Condo and Buy Resale HDB**
- **Step 1: Sell Your Condo**
Engage a property agent or list your condo on platforms like PropertyGuru. Once sold, the 15-month wait-out period begins.
- **Step 2: Check Eligibility**
Ensure your family meets the SPR status requirement (3 years for your wife and son) and other HDB eligibility conditions (e.g., income ceiling, if applicable).
- **Step 3: Apply for HDB Flat Eligibility (HFE) Letter**
Submit an HFE application on the HDB portal to confirm your eligibility for purchasing a resale flat.
- **Step 4: Search for Resale Flat**
Use platforms like PropertyGuru or engage an agent to find a suitable resale HDB flat.
- **Step 5: Submit Resale Application**
Once you’ve found a flat, submit a resale application through HDB’s portal. Pay the option fee and complete the necessary paperwork.
- **Step 6: Complete the Purchase**
Attend the resale completion appointment at HDB to finalize the transaction and collect the keys.
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### 4. **Financial Planning**
- Use the proceeds from selling your condo to fund the resale flat purchase.
- If you’re a first-time buyer, you may be eligible for CPF Housing Grants (e.g., Family Grant or Enhanced CPF Housing Grant), subject to HDB’s approval.
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### 5. **Next Steps**
- Start planning early, as the process involves waiting periods and paperwork.
- Consult HDB or a property agent for personalized advice based on your situation.
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*"The best time to plant a tree was 20 years ago. The second-best time is now." – Chinese Proverb*
WhatsApp me at: ABLE Toh
(65) 9856-9255
or through this link.:https://wa.me/6598569255
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(1) "If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(2) (***) ✅✅ You can READ my REVIEWS here:
✅✅
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)
*** You can reach me at my Singapore mobile:
(65) 9856 9255
or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
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(4A)✅✅ For the Below Condominium that may Achieve TOP ( Temporary Occupation Permit / Relatively New Condominium which may faced Difficulties/ Challenges to rent / sell at your Expected Pricing as facing too many neighbour’s units competing to Sell / Rent Out ,...
(4B)✅ ✅ ✅ I am okays NOT TO be the Sole Exclusive Agent , but the “ Open Listing “, additional pair of hands to help you bring the matching buyer / tenant . “ May the Hardworking + Lucky agent close the Deal !!, ( Whether it’s me or another agent ,✅✅✅ I will still be HAPPY FOR THE OWNER !! ✅✅My advantage is : I myself , have a Small Team of Agents who will work together with me to cast a wider Marketing Nets to Reach Your Goal !!!
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