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Hi, I am and my wife are both SPR since Nov 2014. We know there's this rule where only after 3 years becoming SPR only then we are allowed to buy resale HDB.
Today is still July 2017, it is still 4 months away to Nov 2017, does anyone able to enlighten us whether we can start engaging to buy a resale HDB today (before Nov 2017 which marks the 3 years of us becoming SPR) with the assumption (and based on me knowing) that buying HDB will require at least 4-6 months to complete and finally able to stay in the HDB? Does the OTP need to be done only after 3 years from becoming SPR?
Thanks.
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6 Answers

Hi Jonathan,
Yes, can only obtain OTP after complete 3 yrs of PR. You may start searching and familiar with area, different layout and the level. Have your requirement clearing listed. Once you fulfilled the 3 yrs PR, you can go straight to the unit that matches your needs.

To assist and advise you more in details, 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
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Hi Johnathan,
Please email dfsr2010@gmail.com or call me to discuss on the possible locations that you will be keen to stay and I can provide you some listings for your reference. We can also discuss further on the financial timeline and price.
Thank you.
David 94386522  Read More
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YT Tan (陈永达)
Good morning Jonathan,

You are only eligible to ink on the OTP on/ after both of you fulfilled 3 years of SPR.

Thus it will be too early to start sourcing for an unit right now. We can start house hunting perhaps 1 month before you turn SPR for 3 years. This is to reduce the chances of being upset if you like an unit but still cant buy yet.

Hope my explanation helps!

May I know how can I value add further in your purchase?

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
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http://bit.ly/yt_proptrack Read More
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Good morning,

I would deem that it's good to start working on the detail from early Oct 2017. We can work on the mortgage status and your financial budget. This would allow us to work on something that's within your affordability and requirement. Hunting of unit can start currently so as to minimize the waiting time. By doing so, I'm looking at getting you a unit by the time both of you have reached 3 years on your SPR holding.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Robbie Chen Chee Howe
Hi,

I regret to inform, you can only pen the OTP after you have fulfilled the 3years PR requirement. Hence, it's abit too early to start your house search.

You should start by assessing your financials first, and from there determine your budget.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Hi Johnathan

You must reach your 3 years time line before you can sign on the OTP. Anytime earlier will likely to cause you the frustration as you cannot book the desirable flat.

Having served numerous SPR/SPR, it is in my opinion that you can start physical viewing a week before or on the day of reaching the 3 years time line. In fact, it will not take you too long to decide on the unit as you have had the experience and reference due to your past decision on the selection of the rented flat.

What I would suggest is to find an agent whom you can comfortably work with. It is in fact important as the right agent with help you tremendously in the search and decision.

Some of my buyers did not move-on with me immediately due to the 3 years time line or MOP. Either case, it takes 2-3 months. I hope the suggestion is helpful.

Should you have further questions, you may write to gavin.ng@orangetee.com.

Regards

Gavin Read More
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