AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi Gurus!

Hope the experts here can help me with this question.

For ethnic quota, does it refer to our Option date or the exercise date?

For eg, my option date is on the 15th oct but my exercise date is on the 1st Nov.
Will HDB change the ethnic quota for that block on the 1st Nov and what are the chances that this will affect me as a buyer?

Thank you in advance.
0 •
436 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

Aaron Chong
Replied
Hi, the ethnic quota will be updated on the 1st day of every month.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Upvote Upvoted
Ivan Ng
Replied
Hi,

Its based on the date that the resale application is submitted, which is likely Nov for your case. Thanks and hope it helps.

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/clientreviews/
(Client's Testimonials) Read More
0
Upvote Upvoted
Mike Lim
Replied
Good morning,

The ethnic group quota is effective based on OTP submission date. Hence if your ethnic group is different from the seller or there have being records that the ethnic restriction is likely, I would advice that you have the mortgage component executed fast. Alternatively, you can contact your agent to assist you accordingly.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted
GAN ENG JOO ONASSIS
Replied
Dear Sir/ Madam,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

Pls provide your contacts detail in order to contact you based upon your stated contents and walk you through the entire process with options.

I am contactable at 92222389  or onassis@sgagent.com / sgrealtor.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | Today’s SG Professional l SGAgent.com & SGRealtor.com

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgagent.com / sgrealtor.com
Skype: incomecare

Singapore Professional Networks “SGProfessional.com”-

I pledge myself to maintain honesty and uphold integrity, to pursue my profession and education so that I may provide my clients with outstanding services. Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions