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Dear madam,

You will be subjected to resale levy should you opt to go for another BTO and the resale levy depends on the flat type you are holding. For more information, you can actually refer to HDB website https://www.hdb.gov.sg/residential/selling-a-flat/financing/computing-your-estimated-sale-proceeds/selling-a-flat-resale-levy.

Upon the sale of the current HDB, the funds are returned in the following manner:

1) Whatever amount that has been utilised using CPF for the current property, they will be returned accordingly to the CPF accrued interest

2) The balance sales proceeds if any will be in the form of a cashier's order under both owners' name therefore the cashier's order can only be deposited into the joint bank account. If you have alternative arrangements for this, you will be required to engage a private lawyer to do the conveyancing.

For the 2nd BTO, you are able list your husband as the sole owner while you are the essential occupier. Both of you will be required to observe the 5 years minimum occupation period again.

I am unsure of why do you have the plans to go for a 2nd BTO but if you wish to discuss more and look at the different options ahead, feel free to get in touch with us for a non-obligatory discussion.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Appreciate your sharing, able to share with you over the phone.

Selling price
- Loan
- CPF OA +A.Interest
- Legal fees
- agent fees
= cash proceed.
Welcome any questions at 9696 4398  via phone or WhatsApp. Email is Stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, you be subjected to paying of resale levy and also getting only 50% of the cash proceeds back should you decide to use HDB loan for a 2nd time.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

May I know if the MOP of 5 years have been met? If so, you can purchase the next residential property (be it BTO or resale).

Yes the sale price need to pay off your outstanding loan, the respective CPF OA utilized + accrued interest, legal fees and agent commission. If you are applying BTO again, a resale levy will also apply. The balance will be the sale cash proceeds which most owners will share equally or utilize for the next house.

Yes you can do 1 owner 1 occupier basis. But both will still have to serve another MOP of 5 years before you can purchase the next residential property.

Will not recommend another BTO because the chances for 2nd timer to get an unit is extremely low. And you have to wait out 5 years building time, and 5 years MOP before you can go to private property. Plus the resale levy is 40k for 4-room and can eat into your cash proceeds from the sale.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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Hi Mdm,

As your current flat is a subsidized flat, if you go for a second subsidized flat, you will be liable to pay a resale levy upon the sale of your current flat. Do take note that resale levy has to be paid in Cash.

In terms of sale proceeds, the outstanding loan will be paid off first, followed by the CPF refund back to your respective CPF-OA. The balance will be Cash Sale proceeds in form of cashiers order being issue to both your names. You will need a joint bank account to bank in this cashier order.

For your next HDB flat purchase, you can choose to purchase the flat under sole owner, with the other as an essential occupier. Do take note that only the owner's income will be taken into for loan assessment, and only the Owner can use CPF to pay for the flat and mortgage loan.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi

1. Have you fulfilled 5 years MOP of your current flat? If yes, then you can purchase the next residential property
2. It will be good to know the current market value of your house before selling.
I will be glad to assist on this, you can text/whatsapp me the details of your unit to (65) 96608508  .
3. Do you need the cash proceeds from your current house for the new house?
This will determine whether to sell first or to search for new house first.
4. Cash proceed will be selling price minus outstanding loan minus CPF return
5. If you go for BTO, you will be liable to pay a resale levy upon the sale of your current flat.
6. Yes it is possible to list your husband as owner if he is Singaporean, and yourself as essential occupier

I will be glad to assist
Appreciate if you can contact me at (65) 96608508  with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More