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Dear Kelvin,

There is no fast route as everything has to go through the process. Sorry to hear about the marital situation, you will need to obtain your final judgement on the divorce before you are eligible to purchase a HDB whether resale or BTO, and in this case since you mentioned you need it fast, resale will be the likely option. If you require to take up a home loan for the purchase, I will advise you to get you finances assessed first so that once the judgement is ready, you can immediately commit to a property based on your financial planning.

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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate 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
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi Kelvin,

1) Buying a resale flat is the fastest mode in HDB flat. Buying a BTO/SBF is going to take years to materialize.
2) 2nd HDB flat is not the main concern for buying a resale flat but whether this is going to be your 1st HDB loan or the 2nd time.
3) There is a right-sizing policy for the 2nd HDB loan, meaning you have prepared to fork out 25% cash from the 1st HDB flat sold cash proceeds.
4) Meaning if you received $100k cash when you sold your 1st HDB. The requirement was that 50% of the cash proceed has to be used for the next HDB purchase, meaning $50k cash has to be used to pay for the flat purchase to reduce the loan amount.
5) Since you properly own only 50% of the 1st HDB flat, you only need to pay 50% of the 50% of $100k which is $25k.
6) If you are using a bank loan then you have to prepare at least 5% cash for the down payment, where 20% can be in cash and/or CPF. If you are able to get a loan of 75% LTV.
7) You may start to determine the area and flat type that meets your budget for the purchase while waiting for the issue of the final court order.
8) You can then place an offer for an OTP once the judgment is out to shorten the wait-out time.

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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