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Good day to you.

Here are the reworded sentences:

1) As part of the Silver Housing Scheme, you must sell your current private residence and transition to an HDB unit that is a 3-room flat or smaller.
2) Does your existing property have an Annual value that exceeds $21k?
3) Was your first resale HDB unit purchased with a housing grant?
4) If the above statement is true, what is the amount of the resale levy that you need to pay?

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Regards
Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

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

Hi,

1) You and your spouse will be eligible to buy a BTO of any flat type after selling the current private property and observe a 30-month wait-out period.
2) The other is to make use of the Silver Housing Bonus (SHB) that allowed seniors to right-size to a 3-room or smaller flat, which currently is eligible for both of you.
3) You may submit your flat booking application before sale of existing residential proeprty or within 12 months of completing the sale of the existing residential property..
4) To qualify for SHB, you need to make a top-up to your CPF RA in cash by using part of the net proceeds from right-sizing and join CPF LIFE.
THe top-up amount required depends on the net proceeds, capped at $60k per household.
5) Do note the income ceiling per household is capped at $14k or less.
6) And the annual value of your private residential property must not exceed $21k.
7) If the annual value exceed (6), you have to wait till 1 Dec 2025 to have a higher limit on the annual value.
8) You may refer here to read the other requirement:
https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/for-our-seniors/monetising-your-flat-for-retirement/silver-housing-bonus

All The Best!!!

Hope the above answers your main concerns, but if there are more queries, 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://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

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Hey! Thanks for sharing your situation — I’m Aren from PropNex ( Read More

Dear sir,

Unfortunately your eligibility for HDB flats will be limited to resale options only and you will be required to appeal to HDB to be exempted from the 15 months wait after selling your existing private property given that you are below 55 years old.

Hope this helps.

Regards Read More

Hi Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

I have many clients in your situation and I am existing them with the right-sizing transition from private to HDB.

Your current plan as you described is unlikely to work, whether you are trying to right-size into a resale HDB or a BTO HDB, due to some of our government policies in place.

There are a few key factors you need to take note of, which will affect your timing, finances, ability to right size and your retirement future.

Happy to work through all of that with you, I am very familiar with the process and you need to plan properly to make the appropriate moves.

I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. I would love to schedule a free consultation to discuss further.

Feel free to reach out via whatsapp or email.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

1. You and your spouse can buy a BTO of any flat type after selling your private property and completing a **30-month waiting period**.
2. Alternatively, you may use the **Silver Housing Bonus (SHB)** to downsize to a 3-room or smaller flat, which both of you currently qualify for.
3. You can apply for the flat **before selling your existing property** or within **12 months after the sale is completed**.
4. To qualify for SHB, you must **top up your CPF Retirement Account (RA)** in cash using part of your net sale proceeds and join **CPF LIFE**. The top-up is capped at **\$60,000 per household**.
5. Household income must not exceed **\$14,000** to be eligible.
6. Your private property’s **annual value (AV)** must be **\$21,000 or less**.
7. If your AV is above this, you’ll need to wait until **1 Dec 2025**, when higher AV limits take effect.

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Hi

As a private property owner, you need to wait out 30 months after selling the private property before you are eligible to apply for new BTO, or wait out 15 months before you are eligible for resale HDB.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Hi Sir/Mdm,

A BTO may not make sense due to the long waiting time. This is because to buy a HDB flat, you will need to sell the private property and wait out a 30 months period before you are eligible to apply. Moreover, there is a waiting time of 3 to4 years before you can collect the keys.

For your case, it may be better to appeal to HDB and allow you to purchase a resale flat instead. You will need to appeal because you are under the age of 55 years old.

Please feel free to contact me so that I can understand your situation and assist you with the appeal if required.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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