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Hi Gurus,

i need some advice..on buying a new hdb (balance flat) or resale flat.

I am turning 35 this Aug 2016 and finally i can buy my own place.

My Objective:
-To move to East or downtown area (currently staying with my parents in woodlands)
-Do not want to wait too long to move in
-Looking for Jumbo so that i can stay half of it and rent half of it(but that is not an important factor)

my options (please correct me if i am wrong)
-buy New HDB balance flats
-buy resale HDB flats

Questions:
-when i can sign on the paper? Eg if I am 35 this year can i start looking and if i like a unit can i put a deposit and sign the paper when i reach 35 in aug 2016

-Are there any New balance HDB that i can buy? is there a website i can refer to?

-Advantage and disadvantage of buying new HDB VS resale.

-Are single able to BTO? or EC?

Thank you in advance Guru
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7 Answers

Hi,

For resale HDB,
You can only sign on the OTP and secure the unit when you turn 35, ie. Aug 2016. You may want to start house-hunting 2-3 months before, hence probably May/June 2016 onwards.

For BTO, singles 35 and above can only book 2-room flats in non-mature estates (for eg. sengkang punggol etc.). They also need to ballot and for the past year it has been many times oversubscribed (ie. lower chance to get a unit you want). You also need to wait typically 2-3 years before you can collect keys since it takes time to build. However, prices are relatively cheaper than resale flats.

If you cannot wait till Aug 2016, you may wish to consider private condo instead. Thanks and hope to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
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YT Tan (陈永达)
Good afternoon buyer,

1) You are only eligible to ink on the OTP on or after you reach 35 years old. But you can start house hunting probably 1 to 2 months earlier starting from June/ July onwards.

2) You can apply for balance units only when there's a sales of balance launch on HDB website. But you are only eligible for 2rm bto.

3) you need to wait for BTO to be completed while you can move into resale flat after legal completion.

If you decide to sell in future, BTO will give you higher chance of capital appreciation.

4) Single SC are eligible to purchase new 2rm BTO in non mature estate but not eligible for new EC.

Since you dont want to wait that long and have preferred locations to move to, I think resale flat might be a better choice for you.

If you need further assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest regards,
YT Tan
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
(W): www.propertyavenue.com.sg Read More
1
Afternoon,

Single SC above age of 35 are eligible to purchase resale HDB unit or 2 to 3 room BTO unit, depending matured or non-matured estate, from the date of their birthday.

Do contact me further should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
1
Hi
To assist and advise you on new BTO vs resale, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
1
GAN ENG JOO ONASSIS
Hi,

Re: Our Preferred Experienced SG Realtor

Congrat that you reaching 35 years old to eligible for HDB resale.

Google search- HDB map. The website will show you the latest transaction within specific distance :)

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@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.

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XXXXX The End XXXXXXX Read More
0
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : )

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
0

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