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Hi Alan,

To purchase resale hdb as a single, you need to be a SC, 35 years old and above. You can purchase 3/4/5-rm, provided your finances are sufficiently comfortable. However, to qualify for grant and hdb loan, your income cannot exceed 6k/mth. Otherwise you have to take a bank loan. And yes you are right that you have to sell away your condo after getting hdb.

You can only purchase resale EC, but not EC from developer sales as singles can't purchase on sole name. Sure I can manage the timelines professionally so that the transition is smooth and you need to only move once. May I have more details such as your current place and how you are looking to finance your housing plan, so to make better recommendations? Thanks and hope to value-add to your plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Hi Alan,

The eligibility schemes for purchasing a resale HDB as a single can be found at http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/eligibility-schemes.

I would actually suggest you to look into selling your existing condo first before looking into the purchase of a HDB. You can negotiate for a leaseback of the property after completion such that you have a smooth transition over to the HDB. I have covered a number of transactions for private residential properties with leaseback arrangements such that the sellers have the time and convenience in purchasing and renovating the purchased unit before moving in. This will also give you some space for holding out for a more ideal pricing than being compelled to sell within that 6 months time frame.

Let me know if my team of consultants can value add to your transition process like what we have done for our past clients.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi Mr Ang, yes it is possible to sell off your current condo while in the midst of waiting for the resale HDB unit to move into. The important factor will be the timeline which is crucial in the selling and buying concurrently. I would be most glad to assist you further and pls feel free to let me know if you need any assistance.

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

Good day Mr Alan Ang

Good news , The answer is yes to all your questions assuming you are singaporean above 35years old , assuming your budget permits , to buy and move into a hdb before selling off your condo . Yes also , you can buy resale 3-5 room hdb , executive HDB and EC .

Kindly contact me for a no obligations chat for your property needs .

My charges are 1% comm for exclusive selling rights to your property or 2% for open listing .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Happy lunar new year to you, Alan!

Yes you are eligible to purchase resale HDB (3 to 5rm flat) under single singapore citizen scheme if you are at least 35 years old and is a Singaporean.

Do bear in mind that you can only apply for bank loan as you are not eligible for HDB loan and housing grant because you own a private property within 30 months from the purchase application.

You are eligible to purchase a resale EC as they are regarded as private property as well but not new EC as you need to form a family nucleus to apply for one and moreover, you need to observe a waiting period of 30 months before you can apply as you own a private property now.

Just leave it to me to time both transactions into perfection so you will have a smooth transition to your new place.

First of all, I will advise you to market your unit for sale first as currently the resale market is slow moving. It will take slightly longer to find a qualified buyer. Then we shall hunt for a new place concurrently.
I will explain further in detail when I meet up with you.

Hope my sharing is beneficial to your property needs.

May I know how can I value add further in your plans?

Warmest Regards,
YT Tan
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
BEstate 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 Read More

Hi Alan,
There is no limitation for resale HDB and EC, but not new EC. Purchase as a single, must be Singaporean at min 35. You will be not eligible for HDB loan.
As to move in directly to HDB, you can buy then sell. But be aware that current market condition, sale of property may take some time, unless is fire sale.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Afternoon Alan,

If you are looking at resale HDB unit, you will be eligible for the purchase with bank loan. As for the transition between sales and purchase, we will need to work out on the timeline accordingly based on the following:

1) Fundings required that might be locked in your current property.
2) Fundings available for the upcoming purchase.
3) Renovation requirement.

Do contact me further should you require my assistance.

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

Hi Alan
As per explanation by the rest. Basically you will need to dispose your pte property when you are buying a hdb.
Lets have a thorough discussion from here on the timeline, financials flow etc.
I can be reached via 91442664  for a detailed discussion.
Looking forward to hear from you.
Tricia Tan
 91442664  Read More