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Hi,

Do note that there will be a resale levy payable if you decide to go for a 2nd subsidized flat (ie. 2nd BTO) , and it will be payable in cash. (eg. 1st BTO is a 4 room, once sold, 40k cash proceeds is payable for resale levy when you collect the keys to the 2nd BTO unit). The WL is not the issue, the main issue is you have to set aside Basic Retirement Sum of 85.5k in your OA/SA before you can use excess CPF OA for 2nd property for your downpayment.

In any case, the BTO chances for 2nd timer is often oversubscribed, and chances are very slim for a choice unit and especially at mature estates popular locations. Most couples actually go for a resale flat instead due to above mentioned points such as resale levy and also slim chances and failed multiple ballot attempts.

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

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
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-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :) Read More

Dear Sir/Mdm,

If you are getting another BTO, the withdrawal limit will not affect you as it will be "reset" with the new flat purchase. If you have the 20% deposit on hand, the financially you should not have any issues.

The important consideration is then to plan your sale and purchase seamlessly so that you can transit from your current place to your new flat smoothly.

Please feel free to contact me so that I can understand your situation better and provide you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

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“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

“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)

“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) Read More

HI

Do note that you can only own one HDB flat.

Should you have any questions you may write to gavin.ng@orangetee.com.

Regards

Gavin Read More

Good evening,

WL will be reset once your current property is being sold as you can only own one HDB at anytime.

On top of that, do take that you have to pay a resale levy for getting another subsidised flat from HDB.

By the way, care to share your intention in applying for new BTO instead of other options?

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YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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Hi,

Withdrawal limit will not likely be of a concern, since you're getting another HDB flat, you will be required to sell off your first HDB flat.

However, do note that there will be a resale levy being imposed after the sale of your first flat, as you will be getting a second subsidized flat.

With this resale levy, I'm not sure if it makes sense for you to get a second BTO flat. There may be other more feasible options for you going ahead, but we will need to discuss further in depth on this matter.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More