Asked by Anonymous
Can HDB resale flat owners buy BTO flats?
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4 Answers
Dear Sir/Mdm,
Yes resale flat owners will be able to buy BTO provided that they are able to satisfy the qualifying criteria. If your current HDB is a subsidised flat, you will be subjected to a resale levy as well.
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 know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews
I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“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 others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
Yes resale flat owners will be able to buy BTO provided that they are able to satisfy the qualifying criteria. If your current HDB is a subsidised flat, you will be subjected to a resale levy as well.
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 know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews
I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“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 others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
Hi,
Yes, sure, why not? As long as you meet the eligibility conditions, you will be able to apply for a BTO.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.
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
Yes, sure, why not? As long as you meet the eligibility conditions, you will be able to apply for a BTO.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.
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
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PSpragya singhRepliedHow about satisfying the MOP period of a resale flat if BTO is allotted and presumed to be available before the expiry of the MOP period
Hi,
1) Yes, resale HDB flat owners are eligible to buy BTO flats. As long as you meet the eligibility criteria spelled out by HDB.
2) You shall be subject to a resale levy if you had received grants in your resale flat purchase.
3) If you are taking 2nd HDB loan, you have to aware of the following:
The second HDB concessionary interest rate loan is granted subject to the following conditions:
(i) up to 50% of the cash proceeds from the sale/disposal of the buyer's and/or his spouse's/fiancé's/fiancée's last owned flat will be taken into account in determining the loan to be granted; and
(ii) full utilization of CPF (subject to the retention amount: Max up to $20k) will be required at the point of loan disbursement.
4) If you intend to get a loan from the financial institute, you must be aware that a financial institution can only loan up to a maximum of 75%.
You have to prepare 5% cash, and 20% cash and/or CPF.
Good luck with your BTO balloting!
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
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) Yes, resale HDB flat owners are eligible to buy BTO flats. As long as you meet the eligibility criteria spelled out by HDB.
2) You shall be subject to a resale levy if you had received grants in your resale flat purchase.
3) If you are taking 2nd HDB loan, you have to aware of the following:
The second HDB concessionary interest rate loan is granted subject to the following conditions:
(i) up to 50% of the cash proceeds from the sale/disposal of the buyer's and/or his spouse's/fiancé's/fiancée's last owned flat will be taken into account in determining the loan to be granted; and
(ii) full utilization of CPF (subject to the retention amount: Max up to $20k) will be required at the point of loan disbursement.
4) If you intend to get a loan from the financial institute, you must be aware that a financial institution can only loan up to a maximum of 75%.
You have to prepare 5% cash, and 20% cash and/or CPF.
Good luck with your BTO balloting!
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
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
