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Hi,

You should ballot for the BTO first and see how it pann out. Your HDB loan HLE can be applied later when you got your queue no, but no harm applying early to know what kind of price range you should work with. As it is understood you will have to sell away the hdb, the HLE will factor that into your account.

Pls note a resale levy applies if this BTO is your 2nd subsidized home. And it is payable from your future sales proceeds, in cash only. There is no proximity housing loan.

Thanks and hope to assist with your plans further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good afternoon buyer,

I will recommend you to apply for Home Loan Eligibility (HDB loan) or In Principle Approval (bank loan) to find out how much can you loan first before commencing on any house hunting.

Since the next sales launch is in Nov, you still have around 2 to 3 weeks to get them sorted out.

Do take note that you will only have to sell off your existing HDB within 6 months from BTO's key collection date. If you need funds from the sale, so you might to sell it off earlier than required.

By the way, BTO purchasers are not eligible for proximity housing grant. Only resale HDB purchasers are eligible for that.

Hope my explanation helps!

Probably you can share more information with me so I will be in a better position to advise and assist you.

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
(W): www.propertyavenue.com.sg Read More

Evening,

You can continue to stay in your HDB unit till 6 months from key collection of your new BTO unit. As it's a HDB requirement that all owners to sell away their existing unit within 6 months from key collection date, it would not be a problem to obtain the required mortgage loan. Depending on your income status, you can either opt for HDB loan or bank loan. As for proximity housing grant, it's only eligible for resale HDB buyers.

Do contact me further for detail discussion.

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