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Hi Gurus, can i currently own and stay in a HDB bought in the resale market 20years ago. I also own an overseas private property. I am looking to downgrade by applying for a new BTO and selling my existing HDB. Can i do so?
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8 Answers

Hi,

Yes you could do so but I’m afraid you would have to dispose off your overseas property in this case.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Der sir/madam,

You will need to dispose off your overseas private property first and wait out for a 30 months period before you are eligible to apply for BTO, if you have not purchased any flats direct from HDB before.

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
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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YT Tan (陈永达)
Good morning Sir/ Mdm,

you are only eligible to apply for a BTO after you dispose off your private property (overseas) first and observe 30 months waiting period before you can apply for one.

Even if you purchase a resale HDB, you will have to dispose off your private property (overseas) within 6 months from resale HBD completion date as well.

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
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Dear Sir/Mdm,

It is possible to sell your HDB and downsize to a BTO. However, you will need to dispose off your overseas property and wait out a 30 months window. You may appeal to HDB to shorten this window. Alternatively, you can also consider downgrading to a resale HDB flat as the waiting period is significantly shorter as compared to the 5 to 6 years wait for new flat.

Please feel free to contact me so that I can understand your situation in depth and propose some possible solutions for you.

Regards,
Nick Tan
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Hi,

To be eligible to apply for new BTO, you need to sell away your overseas property and wait out 30 months before you can apply, due to HDB restrictions on applicants who can apply.

It may be better to explore buying from the resale market, as you just need to sell away your current HDB within 6 months and need not sell away your overseas property.

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
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Robbie Chen Chee Howe
Hi,

I regret to inform you that you're not eligible to apply for a new BTO at this moment as you own an overseas private property.

In order for you to qualify for BTO, you will need to sell off your overseas property, and then wait out a 30-month period.

Alternatively, you may wish to consider a resale HDB flat, where you do not need to wait out 30 months. You will only be required to sell off your overseas property and your current HDB flat latest within 6 months of your next flat purchase.

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
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Hi
In order to do so, you have to dispose off your overseas property and wait for 30 months period before being able to apply for new BTO. You may want to appeal your case to HDB if there is a valid reason of you holding on to your overseas property and wanting to purchase a BTO at the same time. I am specialised in HDB transactions. Do contact me at 93375051  for a free and non obligatory discussion on this,

Regards
Taufik Hussein
CEA Reg No: R061607B
Contact No: 93375051 
ERA Realty Network Pte Ltd Read More
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Hi,

1) The only obstacle you have to prevent you to be eligible to apply for a new BTO (3-rm and larger) is the overseas property.
2) I would suggest you sell your overseas property first.
3) If you still want to apply for a BTO, you will have a wait-out period of 30 months (2.5yrs) before you are eligible.
4) Alternative you can buy a resale flat which you don't have the 30 months wait-out period to stop you from doing so.
5) But if your plan is to apply for a 2-rm Flexi leasehold (30~45yrs) type.
6) You can put up your application now and you have now till 6 months after you receive the key for the 2-rm flat to sell your overseas property away.

Hope the above answer your main concerns, but if there are more query, 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

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