Hi Mccomb,
1) If you plan to buy a new HDB flat, you will have to plan very early ahead.
2) It will take an average of 2~3yrs to be successful in the balloting, if you are not that lucky, you might need to wait up to 4 yrs before receiving a successful balloting number and successfully selecting a flat.
My neighbor's son had tried for 4 yrs now and still waiting for the next balloting.
3) The BTO will take 5~6 to be ready for key collection. Therefore the fastest is 2+5 = 7 yrs or later is 4+6 = 10 yrs.
4) It is advisable for you to start your application when your son reached 10 yrs old or earlier to avoid disappointment.
5) To be eligible to apply for a BTO/SBF, both of you must not own any private residential property overseas and in Singapore.
6) You will have to wait for 30 months after disposing of your interest in a private residential property before eligible to apply for a BTO/SBF.
7) Purchasing SBF will take a shorter time but this is unable to forecast. The eligible condition is the same as applying for a BTO.
8) If you are purchasing a resale HDB flat then it is easier to control the timing. You can dispose of your interest in a private residential property within 6 months after the key collection of the purchased resale HDB flat.
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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