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Hi,

Based on the info shared, if you have disposed your private property previously, and now looking to purchase a resale HDB, you need to wait out after 05 Dec for the 30 month period to lapse and the OTP must be dated after 05 Dec, which you then can fulfil one of the eligibility conditions for any HDB grants. Other eligibility conditions also apply (ie. not to have bought a new EC from Developer or new BTO from HDB before, household income to be below the relevant levels).

More details @

https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/financing/cpf-housing-grants/single-singapore-citizen-scheme

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
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Hi,

You do not need to wait for 30 months in order to purchase a resale HDB flat. You can even purchase a resale HDB flat while owning a private residential property, with the undertaking to dispose off the private residential property within 6 months of the HDB resale flat purchase.

The 30-month wait out period is only applicable if you're looking to purchase a subsidised flat (BTO/EC), or to apply for the CPF Housing Grants as a first timer. To be eligible for the Grants, you will need to satisfy all the eligibility conditions for the Grant, and one of which is the 30-month wait out period.

To be safe, it is advisable to complete the 30-month wait-out period before being granted the OTP for the resale flat. Before you're being granted the OTP, you will need to register your Intent to Buy.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

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