11 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

You both must dispose of your private residential properties within six months of the resale flat purchase. Otherwise, you are not eligible to buy a resale HDB flat.

You may buy a resale flat from the open market but without the CPF Housing Grant.

You may be eligible for the Proximity Housing Grant of $30,000 if you buy a resale flat to live together with your parents.

You may be eligible for the Proximity Housing Grant of $20,000 if you buy a resale flat to live close to your parents.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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Geryl Lim
Dear sir/madam,

Both of you will be required to liquidate your existing condo if you are planning to purchase a resale HDB. The liquidation can be done within 6 months from the completion of your resale HDB purchase, if you have sufficient financing to complete the purchase of the resale HDB. You may consider putting up 1 of the apartment for sale first, then putting up the other condo for sale after the completion of the resale HDB purchase to plan for a smooth transition without having to rent in between if financing permits.

I have been in the real estate business since 2009, with more than 10years 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 Deputy Group Director
Salesperson Registration No. R014783H
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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[main] +65 6471 8888 [mob] +65 81577565 [LDA] +65 92787772
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Aaron Chong
Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, for your case, both of you would need to dispose off your private property in order to purchase a HDB flat.

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

0

Jeffrey Heng
Dear Sir,

Actually there is really a lot of info that cannot be found on the HDB website. Let me answer your queries for you.

When your wife purchases the HDB, even if you are not the owner, you also need to be the essential occupier. Essential occupiers are also not allowed to hold any other residential properties during the minimum Occupation Period (MOP) hence both you and your wife will also need to sell off your condos in order to purchase that one HDB. Just looking at what you have shared, I will not advise to sell off both of your condos to purchase a HDB but if you have some plans in mind and wish to have a discussion, I can meet up with you and your wife and we can have a chat on this. If we know what is in your plans, then maybe we can provide some advice which may help in your planning.

Just to share a little on myself. I have been in the industry for 10 years. Over the years, I have served many clients and many are my friends now. Many have also left testimonials for me for my service rendered, I was also featured in CEA's newsietter together with my partner for Great Client Service. I also won the SAEA Real Estate Excellence Silver Award for Best Client Service. I have left some links below so maybe I will need to trouble you to copy the links to your internet browser and take a look. Hopefully this will give you some idea of how I conduct this business. I am proud to say that we have always placed our clients' interests in the top position and I believe we will be able to offer the same level of service to you and hopefully even better.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com

Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012/2013)

* Featured in CEA Newsletter for Great Client Service - https://goo.gl/NMusPZ *
* Featured in Propertyguru Magazine With My Partner- https://goo.gl/cioyEu *
* Featured in PropertyGuru Magazine for Team Building - http://tiny.cc/80w5lz *
* Words From Clients - https://www.sgpropertyadvisers.com/testimonials *
* Check Out Our Client Testimonial Video Here - https://youtu.be/WzNepsjH1Oc *
* Check Out My Team Mates’ Testimonials Video Here - https://youtu.be/SmdXkgREVOU * Read More

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Jeffrey Heng
Dear Sir,

Actually there is really a lot of info that cannot be found on the HDB website. Let me answer your queries for you.

When your wife purchases the HDB, even if you are not the owner, you also need to be the essential occupier. Essential occupiers are also not allowed to hold any other residential properties during the minimum Occupation Period (MOP) hence both you and your wife will also need to sell off your condos in order to purchase that one HDB. Just looking at what you have shared, I will not advise to sell off both of your condos to purchase a HDB but if you have some plans in mind and wish to have a discussion, I can meet up with you and your wife and we can have a chat on this. If we know what is in your plans, then maybe we can provide some advice which may help in your planning.

No worries on the discussion as there are no obligations at all. We can just take it as a chat. If there is a need, then I can even do a financial calculation for you on your sale and purchase. After that we will send the calculations to you and there are no costs involved at all. :)

Just to share a little on myself. I have been in the industry for 10 years. Over the years, I have served many clients and many are my friends now. Many have also left testimonials for me for my service rendered, I was also featured in CEA's newsietter together with my partner for Great Client Service. I also won the SAEA Real Estate Excellence Silver Award for Best Client Service. I have left some links below so maybe I will need to trouble you to copy the links to your internet browser and take a look. Hopefully this will give you some idea of how I conduct this business. I am proud to say that we have always placed our clients' interests in the top position and I believe we will be able to offer the same level of service to you and hopefully even better.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com

Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service (2012/2013)

* Featured in CEA Newsletter for Great Client Service - https://goo.gl/NMusPZ *
* Featured in Propertyguru Magazine With My Partner- https://goo.gl/cioyEu *
* Featured in PropertyGuru Magazine for Team Building - http://tiny.cc/80w5lz *
* Words From Clients - https://www.sgpropertyadvisers.com/testimonials *
* Check Out Our Client Testimonial Video Here - https://youtu.be/WzNepsjH1Oc *
* Check Out My Team Mates’ Testimonials Video Here - https://youtu.be/SmdXkgREVOU * Read More

0

Ling CK
Hi,

It depends on whether you intend to purchase a resale HDB or BTO from HDB.

(1) BTO flat:
You may applied for BTO flat after 30 months of disposing both private properties that own by each individual.

(2) Resale flat:
Since you are husband and wife, she is not eligible to purchase a resale HDB using Single Scheme.
She has to purchase under the family scheme; i.e. husband and wife, with or without children.
She must be the legal owner, you can be listed as owner or essential occupier. In this case, both of you must dispose of your private properties within 6 months upon key collection of the resale flat.

Hope the above answer to 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://www.facebook.com/Homesellerbuyer/

Note:
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Ivan Ng
Hi,

As both of you are married couple and form a family nucleus, both of your names must be included in the hdb ownership for the hdb resale purchase. Thus both of you must sell the private properties you all are holding should you decide to get the resale HDB.

Imho, it may not be the best move in doing so. 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 Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
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We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture! Read More

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Robbie Chen Chee Howe
Hi Sir,

Your wife need not sell her condo to buy a resale HDB flat. In fact, if finances allow, she can buy the HDB flat first, and then sell off the condo latest within 6 months upon the HDB flat purchase.

As both of you are married, you will need to be included either as a co-owner, or an essential occupier. This means that upon the HDB flat purchase, you will also need to sell your condo within 6 months of the HDB flat purchase.

In addition, both of you will need to serve a 5-year MOP before either of you can purchase another residential property (be it local or overseas).

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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Nick Tan
Dear Sir,

For HDB, you will need to purchase it by forming a family nucleus. This is to say your wife either needs to become the owner or the essential occupier. In this case, she will need to sell off her condo.

One of the conditions of owning a HDB is that you will need to sell off your private residential property within a 6 months period. Buying a resale HDB may not have much upside in the long run as compared to holding to a condo unit.

This may not be the best option going forward as it involves selling both your condo units. Please feel free to contact me so that I can examine your situation and provide you with more informed recommendations.

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:
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Testimonial from Satisfied Clients

“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”
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I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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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)
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Silvia Yang
Hi Sir

I will need more information to be able to advise you
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More

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Joanne Chia 谢诗琳
Good day sir .

The answer to your question is not very favourable to your family , yes both you and your wife need to dispose off ALL private property latest within 6 months after collecting key to your resale hdb .

If you are refering to new hdb or so called BTO hdb , Sorry to let you know , the criteria are more difficult and troublesome , you have to wait 30months after the sale of all private property before you can ballot for new hdb BTO , Plus balloting and construction will take at least another few years .

Kindly contact me JOANNE CHIA at hp 8333 3327 for a no obligations chat for your property needs.

My charges are 1% for exclusive selling rights to your property, or 2% for open listing.

Joanne chia.
Hp 8333 3327 Read More

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