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Dear sir/mdm,

From past experience, HDB is very strict in terms of the eligibility criteria for purchasing a brand new EC, whether is it income ceiling or previous ownership of private properties.

If both you and your partners can consider 5 years old EC that just met the MOP, this is a good avenue to consider given that the entry price is still relatively lower than a private development of similar age. The advantages will be that you get to see the unit itself, from the conditions to the views and check on any negative aspects of the apartment. Purchasing during a new launch is basically on a feel good factor, you are unable to really determine certain factors like what the view is like, or even whether the bathrooms have ventilation windows.

There are quite a number of choices when it comes to this segment of the property market, and there is no 5 years Minimum Occupation Period to meet for such purchases. We can arrange a few units for your viewing before you make any decisions.

——

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!

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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,

I would say that the likelihood of successfully appealing for both the income ceiling and the cooling-off period is quite slim. Instead, I recommend considering a MOPed EC for your situation.

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

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Samantha (Resale condo buyer) Read More

Hi,
HDB is very strict and would insist on you adhering to their rules and regulations. As such, you would not qualify to purchase an EC for the next 30months. By then, your combined salaries would have increased tremendously. As such, my advise would be to purchase a resale EC in a good location as this would be the cheapest option to buy a condo and this would also tie in would your plans to settle down.

Not all ECs are the same. I can assist you to find the ideal matrimonial for your future.

Please contact me so that I can be of further assistance.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Hi,

Thanks for the query.

The 30 month wait out period is tough to appeal unless there are strong reasons like sudden financial hardship or medical reasons or family reasons which render the subsidized housing the only housing option available. Further you have the income ceiling problem, which is a double barrier problem and the appeal is unlikely to be successful.

There are 2 options to consider, mainly to purchase a smaller private property on a joint name basis first, earn the capital gains for the next 3 to 5 years, before going for a bigger unit when the time to start a family nears.

The other way is to buy a more affordable resale flat with a preferred location under owner occupier scheme, and after 5 year MOP, the occupier can go ahead to purchase 2nd residential private property without ABSD issues (still valid as of today). The HDB can then be used for rental income in the future. However do note the occupier is not a co-owner and has no legal rights on the property, so some degree of trust is involved with the couple for such arrangements.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever

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Hi,

Noted on your detailed explanation above. Although, there's a chance where HDB may consider your household income ceiling for EC, I think the chances of your appeal for the 30-month wait is quite slim.

Other alternative housing options includes resale HDB flats, new condo launches, as well as resale private properties.

If you're looking to settle into your own home soon, you may wish to consider resale HDB or condos.

If you wish to purchase a new launch condo, you may wish to take up a temporary rent while waiting for the condo to TOP.

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, I see that you are currently in a crossroad for making decisions regarding your property journey, and cognrats, it is not a situation everyone can get into, and being put in this situation might not be a bad thing.

The thing is, the chances for such appeals to go through are very low, and they will most likely advise you guys to purchase a resale HDB.

FIrstly, the very first thing you can consider is like what most of them say, get a affordable resale EC.

Secondly. both of you can purchase a resale HDB together.

Thirdly, one of you can be the owner and the other as a occupier to give room for future potential additional properties, provided the loan and current amount can fulfill the requirements.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

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