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Good morning Sir/ Mdm,

you have to form a family nucleus in order to buy a resale HDB. Yes you can be a sole owner but your spouse has to be an essential occupier. Both of you are married, are considered as a single entity (family nucleus).

Only when you are taking a CPF housing grant or HDB loan, you need to adhere to income ceiling of $14k but as you are a private (resale EC) owner, you are not eligible to take either.

But if you decide to stay within 4km from kids, you will be eligible for proximity housing grant of up to $20k.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Good morning,

Yes after selling the EC, you can purchase resale HDB no issue. There are no income restrictions just that you can only take bank loan. You have to include both names, but it can be on one owner occupier basis or joint ownership status.

I have helped various clients to successfully sell off their EC and transit to their next place, with the most recent sale transaction at The Vales EC. I am still in touch with various buyers looking for a resale EC in D19. Happy to share the best approach for your sale as well.

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
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- Condo Seller Andrew : Ivan understood there's urgency to sell my private property too within the given timeframe, provided me with assurance and solutions. When the sale of my private property commenced, it was during the Covid-19 pandemic period; whereby, only 2 unique visitors were allowed to view the property on any given day. Notwithstanding this, Ivan somehow managed to arrange many viewings in the weeks ahead & from time to time, he would also update me on the viewers' feedback (if any), after their viewings. My place was eventually sold within 5 weeks only from the commencement of its marketing (which was well ahead of the 6 months deadline that I had to meet). Most importantly, my property was sold close to my asking price & frankly, this too, exceeded my expectations!! Kudos to Ivan, for the effort & hard work he put in.

- Condo Seller Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for his professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan.

-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell and he managed to secure a buyer for our EC while coordinating our next purchase. Thank you. Read More

Good morning sir/mdm,

Congratulations on meeting the Minimum Occupation Period for your EC and this opens up a host of other options in your asset restructuring plans. While I definitely agree that the prices of private residential homes are getting very high, it is also an indication that prices will remain resilient as we move forward, given that developers are still confident in the Singapore market through their land bidding prices, therefore new project launches will also not be pricing down anytime soon. In fact if we were to look into historical trends, price adjustment downwards are usually lesser than how the price has appreciated therefore if there are no other options available when it comes for investments, real estate will still be a safe haven for many consumers when it comes to wealth preservation on the minimum.

Back to your question:

You will be eligible to purchase a resale HDB as a sole owner, however, your husband will be required to be an essential occupier, meaning that the 5 years minimum occupation period will apply where both of you will not be allowed to purchase a private residential property both locally or abroad. This essentially means your only investment options moving forward within the 5 years will be restricted to commercial and industrial properties in terms of within the real estate market.

I'd reckon that you run through a financial breakdown post sales to work out what your options are and do a proper assessment before you make any decisions. Sometimes, after running through the figures, the best option will still remain as staying put where you are since I believe that the kids school and etc are still within the locale therefore it makes more intangible sense that you stay put for another few years before reassessing the options.

Hope to be able to assist your further in your portfolio restructuring plans.

I have been in the real estate business since 2009, with more than 13 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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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes you are eligible to purchase a HDB flat too in your case and you can only go for bank loan. As for ownership, yes you could purchase it under your sole name but the other spouse would have to be under essential occupier.

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

Dear Sir/Mdm,

Property prices in the OCR are at a high now and it is a good time to consider selling as you will be able to fetch a good price. For resale HDB, there are no income cap and if you have parents staying in the same estate or within 4km, you ae eligible to apply for the Proximity Housing Grant of 20k as well.

You may choose to purchase the resale under one of your names and your spouse can be the occupier. In this way, your spouse will be able to purchase another property and not liable for Additional Buyer Stamp Duty after the MOP.

I have assisted many of my clients who are in the situation as yourself. Please feel free to contact me so that I can understand your situation better and provide you with further analysis and advice.

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

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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”
Peter & Wendy (Property Seller)

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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“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.”
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“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.”
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“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 Read More

Hi
For both your question, the answer is affirmative.

You may text 9620 0827  for a casual chat. We can explore the various options, transaction process, timeline and an estimation of your financial commitment.

Warmest regards

Gavin Read More

Hi,
I would be glad to assist you.
Feel free to contact me @ 97100155  or https://linktr.ee/peiproperty.
Hope to hear from you soon.
Pei
Associate Group Director
Propnex Realty Pte Ltd Read More

Hi Do contact me at 97970200  to understand more and discuss

Mark, your RIGHT choice
Propnex Read More

Hi;

There is no income ceiling cap if you are looking at resale HDB. Yes, you are right to say that current property market is all time high, so would be a good time to sell if you want to catch the wave to maximise your profit. I'm very familiar with Punggol area as im a resident here as well and has ready buyers for this area. Please feel free to contact me for further non-obligatory discussion to find out what options you have after selling your EC. Thanks

Regards;
Lyna Song
 9623 8442 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com Read More

Dear Sir/Mdm,

Yes the property price is currently on a uptrend, with the current supply and demand trend, price may continue to move upwards.

You may explore resale HDB as well based on the information provided.

You may purchase it as the sole owner and wife as an occupier.

Feel free to contact me and I would be glad to provide my assistance to you.

Gary Shien
 94507283 
gshien90@gmail.com Read More

Hi,

Congratulations on meeting your MOP for your EC!

I can see that you're uncertain of your next move. There are actually a few options that you can possibly go for. The move you will make will likely depend on one or more of these factors, i.e family size, you and your spouse's age, income level, age of children, proximity to schools, parents etc.

As every family is different, perhaps you could share with me your needs and objectives, so that I can come out with the most appropriate recommendation that is catered to your family's needs?

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 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