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Hi Jason,

Is your current 3room resale flat purchase as single? Under singles scheme, the resale levy applicable is $15,000, otherwise the resale levy will be $30,000. This is payable by cash. You may apply the sale of balance flats or BTO, however, it will be subject to your chance as 2nd timer in this case. I am unsure what do you mean by the duration you need to get another direct HDB flat therefore if possible, please specify more details. Do you mean when can you start applying for the new flat?

I have been in the real estate business since 2009, with more than 13 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 9,400 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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Geryl Lim
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Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Hi Jason,

The levy amount is $30k, payable upon collection of new flat and only in cash. If you are single 35 years and above , you are eligible to only go for up to 3-room HDB size in non-mature estates. And typically 2nd timer chances are very slim based on past BTO exercises subscription rates.

The BTO flat construction time is typically 4 to 6 years, excluding the time to successfully ballot for one.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
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ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
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-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan Read More

Hi Jason,

1) Resale levy is $15k for Single. It has to be paid in cash or sales proceeds (cash portion) from your sale.
2) Yes, you may apply for SBF (Sales Balance Flat) or BTO (Build-To-Order) flats, both are considered as new subsidized flats with a fresh 99 yrs lease.
3) In general, success application and managing to select a unit successfully is around 2~3 yrs.
4) Some SBFs can be collected immediately, some are repossessed flats from owners who infringe on the HDB policy, some are surrender flats, and some are flats not selected from BTO. Those flats which are existing can collect the key within months. Those that are still building in progress shall depend on its' progression.
5) BTO is expected to collect keys in 4~6 yrs' time.
6) You may sell your flat when the new flats are ready for collection. You are given 6 months to dispose of your current flat.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, 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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