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Good morning,

May I know when's your birth date so we can reassess your options when you turn 35 years old to see whether should you sell or move on.

But how old is your inherited HDB now?

By the way, if you want to buy a BTO or resale as a single, you need to be a SC and at least 35 YO.

Do take note that you are only eligible for 2RM flexi flat BTO (based on current rules) while you can purchase up to an executive mansionette in the resale market unless you take a HDB loan, it will be up to a 5RM flat.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

1) From descriptions, I presume you are an SC, shall be 35 yrs old, single in the next 3 yrs time.
2) You have 2 options in purchasing an HDB flat; BTO or resale HDB. The requirement on eligibility for both is the same.

3) The difference of both are as follow:

(a) BTO: eligible for 2-rm in non-mature estate.
(i) Need to wait for ballot result to select flat (2-~3yrs),
(ii) wait for it to build (4~6 yrs).
(iii) No choice of level, facing selection. Choose any units available.
(iv) Shift in properly in 6~9 yrs time.
(v) Consequences when canceling in the process:
- Cancel of flat application before selection: considered rejected, ballot chance reset to 0. 1st timer priority suspended for 1 yr.
Reject twice will not be able to participate in sales launch for 1 yr.
- Cancel after booking b4 signing S&P: Forfeit option fee ($500), suspend 1 yr from flat balloting. Ballot chance reset to 0.
Buy resale not eligible to grant for a yr.
- Cancel after signing S&P b4 key collection: Forfeit 5% of the flat purchase price, suspend 1 yr from flat balloting. Ballot chance reset to 0.
Buy resale not eligible to grant for a yr. Pay a legal fee to apply to IRAS to refund stamp duty.
(vi) Less costly compare to resale

(b) Resale HDB: any flat type, anywhere.
(i) No waiting of time.
(ii) Choice of level, facing, condition.
(iii) Shift in upon completion ~3/4 mths
(iv) Consequences of cancellation:
- Offer for an OTP not exercise: forfeiture of option fees (max $1,000)
- Exercise OTP: forfeiture of option + exercise fees (max $5,000)
- Upon exercise not sign S&P: subject to legal action from a seller on damages caused.
(v) Need more cash than BTO.

4) With regards to which is a better choice shall depend on individual preferences and objectives.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

Depending on your situation, there may be a few options which you may consider. Please get in touch with me for further discussion.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi there,

Thank you for your query.
There are certainly ways around this for sure. As preliminary, it would be apt to sit down and compute a comprehensive financial calculations to establish prudence. Afterwhich, I can propose which options you could consider taking into consideration long term yields.Perhaps you can contact me at 96659926  for a short discussion for me to run you through the overview of the purchase framework, understand your requirements and specifications as well as calculate your finances on hand (Cash/CPF amalgamation) to construct a financial plan with payment timeline. Key advise is everything right now as you thread on this pathway. Thank you.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7/8/9/2020

ERA ‘2020 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2020
ERA Multi-Million Dollar Club Award ‘2020
2014-2020 ERA Asia-Pacific Business Conference Elite Award

P Group
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Hi Sir/Madam

I will be glad to assist
Appreciate if you can contact me at (65) 96608508  with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Dear Sir/Mdm,

For your case, I will recommend that you try to time the market by selling the HDB flat now since the price of HDB is on the up currently. Once you reach the age of 35 in 3 years, the COVID situation should have died down and you can take advantage of the lower HDB price to purchase a unit. As a single, you will be eligible for either a 2 room BTO flat in non matured estate or resale flat of any size. As to which is a better option, I personally think that resale may be a better option because you are able to get a bigger flat to stay and also rent out the rooms for income.

Please feel free to contact me so that I can understand your objectives better and assist you further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

Visit my website to get to know me better:
www.nicktan.com.sg

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I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to o Read More