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I am currently staying at an HDB 5 room flat. I had been there since 1998 and had bought it from HDB brand new. It is fully paid and have not installments left. I would like to know what are the constraints if I would like to buy a new HDB flat from HDB. My wife and I earn approx. 18K in total income and we still have CPF. Thank you
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3 Answers

Dear JJ,
You are not eligible to buy new HDB flat, DBSS or EC as you have exceeded the HDB ceiling income requirement which is at $10,000 and $12000 (EC).
If you like to further discuss about your option, you can contact me @ 91688208  .
Thank you. Read More
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Hi JJ,

As pointed out by my fellow professionals, your household combined income has already exceeded the ceiling setforth by HDB to be eligible to purchase new launch Executive Condo, DBSS or BTO flats.

Perhaps you may wish to look into purchasing a resale EC which has privatised? In such consideration, you will not be tie down by the MOP.

You are in an enviable position, having already fully paid for your HDB and has a healthy family income to even consider moving into private property altogether while keeping your HDB for rental income.

If there is anyway I may assist you, please call me for a non-obligatory discussion.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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Evening JJ,

For BTO and new EC, the income ceiling is max of $12k hence you have well exceeded that. There are other options Iike getting a resale unit.

FYI
Mike Lim
 96929209 
ERA Read More
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