AskGuru Q&A Community

Hi,

You are not required to sell off your HDB yet when you apply for HFE. Only need to sell within 6 months of key collection to your next HDB.

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)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Yes u can apply for a HFE (after u complete your 5-year MOP)

You need not sell your resale hdb first.

If you have sufficient financing (loan + cpf + cash) you can purchase your hdb first (before you sell)

Ravin KNIGHT FRANK
Hp 9798-5917 
Hp 9798-5917  Read More

You are not required to sell your existing HDB in order to apply for HFE, you can always apply for HFE first and have it approved, plan out your finances according to your purchase before you take the next step. If you have sufficient finance to complete your purchase first, this will be the most ideal situation since you will not need to be in a position of rush to sell your current HDB.

I have been in the real estate business since 2009, with more than 14 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.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, nope you don’t need have to sell it away for the time being.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi, appreciate your sharing. You are able to apply once you had cleared 5 years MOP.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

No, there's no mandatory requirements for you to sell your flat before you can apply for HFE.

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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi,

1) You shall be able to apply for an HFE once you have completed your MOP.
2) There is no requirement to sell before applying.
3) There is no ABSD incurred when you transit from an HDB to another HDB flat, thus don't have to worry about the additional cost.
4) But you should be reminded that an HDB loan can only cover a maximum of 80% of the purchase price.
5) Thus you must prepare the 20% downpayment, buyer stamp duty, and legal fees incurred in the purchase before selling your flat.
6) The payment stages for a BTO/SBF are different from a resale purchase.
7) It is recommended you look into the financial portion when browsing the HDB web to understand more.

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

Hope the above answers 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 Read More

(PART 1 OF 2)

My answer with regards to your Question:

After completing the Minimum Occupation Period (MOP), you can apply for a Home-Finance Eligibility (HFE) without the need to sell your current HDB flat. Transitioning from one HDB flat to another does not incur Additional Buyer's Stamp Duty (ABSD), alleviating concerns about additional costs.

However, it's crucial to note that an HDB loan can only cover a maximum of 80% of the purchase price. Therefore, before selling your flat, you must prepare the 20% downpayment, buyer stamp duty, and legal fees associated with the purchase.

I am Happy to Help with No obligations! If you have any more questions or need assistance, FEEL GOOD to let me know. I am here for You! Cheers :)

Able Toh, Singapore Mobile :( +65) 9856 9255 

—————————

(PART 2 OF 2)

2 CHOICES Highly Recommended for you!

(1) GOOD CHOICE: CONNECT with me at:

Able Toh, Singapore Mobile :( +65) 9856 9255 

OR

(2) WISE CHOICE : SAVE my name and mobile for your FUTURE Real Estate Needs for Your OWN NEEDS or REFERRAL NEEDS : Your FAMILY /FRIENDS NEEDS ( As I try my best to PRO a network of Professionals such as lawyers , Mortgage bankers or Home insurance specialist or partnering with other co-broke property agents ) to make property Purchase / Sales / Rent a TIME & EFFORTS SAVING Journey For You :)

Please Choose and Hopefully you DO IMPLEMENT :)

Final Note: For BUYERS: SOLUTION for sourcing of RESALE and NEW PRIVATE Home such as Condominium or Landed properties. Represent you as BUYER > Currently there will be No FEES / Commission Charged to you. (If required a fee for some situations, I will discuss further and seek your approval first) Read More