AskGuru Q&A Community

Hi,

Unfortunately you cannot apply for BTO or EC as you currently own overseas property. You can get a private condo no issue but relevant stamp duties will apply. Thanks and hope to assist further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Happy lunar new year to you, buyer!

I am afraid to inform you that as you currently own private property overseas, you have to dispose it first and observe 30 months waiting period after it before you can apply for BTO or EC.

And if you are willing to wait that long, you have to sell off your HDB within 6 months from TOP date or key collection date as your sibling is not eligible to own a HDB as a single SPR.

Alternatively, you might want to consider purchasing a private property instead. But you will be subject to 10% additional buyer's stamp duty as SPR for your second property purchase.

Probably we can discuss further if you want to avoid paying such a hefty ABSD.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi Sir,

Since you have fulfilled your MOP, you will be eligible to purchase an EC. Please feel free to contact me at 9644 4854  so that I can advise you the procedures that are involved. Thank you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015)

“Nick from Property Avenue 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 is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“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 of HDB)

“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 through Nick) Read More

Morning,

As your sibling is SPR, I'm afraid that the current unit have to be sold off within 6 months from key collection date of the BTO or EC, not forgetting the waiting period for the selection. You will also need to observe the 30 months debarment for BTO application after the sales of your private property. Alternatively, both of you can opt for resale HDB or EC unit.

Do contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More