Asked by
I am holding onto a condo in my own name. Because I have never utilised my first right to get a BTO, I am thinking the possibilities of passing the condo to a fellow family member or friend. Is this possible? Please advise.
0
491 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

Afternoon Linda,

You will only be eligible for the application of BTO after you have fulfilled 30 months from the transfer of your private property.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Hi,

You need to wait out a 30month period after selling your condo before you can apply for BTO. For resale HDB, there is no need to wait out but you have to sell your condo after purchasing resale hdb. Thanks and hope to assist further.

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

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
0
Hi Linda,

Besides the 30-month wait out period before you can purchase a BTO flat, do note that you'd be liable for SSD if you've owned your property for less than 4 years, and the family member or friend who takes over your property has to pay BSD.

Feel free to contact me with more details, before I advise further.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
0
YT Tan (陈永达)
Good evening Linda,

Yes you definitely can do so. But you have to dispose your private property first and observe a waiting period of 30 months before you can apply for BTO or sale of balance flats.

The question is do you want to wait that long for a BTO? This doesnt include the construction period.

In addition, you have to fulfill 5 years minimum occupation period before you are eligible to purchase property.

It might take you another 10 years to own a private property again. Do you want that?

Probably you can share more with me so I will be in a better position to advise you further.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate 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
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions