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Good afternoon Gary,

Yes you can apply for the hdb launch if you are able to form a family nucleus and income does not exceed 12k per month. However once you successfully book a unit, you cannot purchase private property until you have stayed 5 years in the second flat. Meaning 3 years construction period + 5 years staying, 8 years waiting time before you can purchase private property again. You also have to sell away your current hdb once you collect the keys to the second flat.

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

Email: Ivanng10@gmail.com
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(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi Gary,

Under the current rules and regulations, if you were to purchase another flat, you will be subjected to the 5 years Minimum Occupation Period, during which you will not be able to purchase a local residential property.

Please feel free to contact me if you need further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Good morning Gary,

I am afraid to inform you that you will have to fulfill 5 years minimum occupation period first before you are eligible to purchase a private property.

Which means you cant do so during construction period (if any) on top of 5 years. There will be opportunity cost if you cant have an option on private property during that period.

Hope my sharing aids in clearing your doubts.

Care to share more about your situation and your future plans so I will be in a better position to advise you further.

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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Hi Gary,

Yes, you can still buy a private property, but only after you have served your 5-year Minimum Occupation Period (MOP) for your new HDB flat.

Also, do take note that you may be liable for resale levy if this HDB is your second "subsidized housing".

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Gary,

1) You had enjoyed subsidized flat 16 yrs ago. Thus you are liable for resale levy as follow when you purchase 2nd HDB launch flat:
3-rm = $30k
4-rm = $40k
5-rm = $45k
EA/EM = $50k
** Do note that this resale levy only accept cash payment.

2) You mentioned of private property, implied you also thinking about investing in property.
My suggestion is better to do it during this "Window of Opportunity". During this short period, developers are price sensitive thus the current launch price are revised accordingly after ammouncement of cooling measure.
Once consumers are used to the cooling measure, and developers managed to dispose off certain percentage of units. Price shall be revised upward according to market rate.
You will then lose this short period to lock down a 'good' price offered.

3) The economic situation around the world is not extremely clear which is also a great opportunity to gain the highest gain.

4) I suggest to meet up for a non-obligation discussion over the current launch to give a better picture of what opportunity you can reap off.
If you could provide me your mobile number, I can send an invitation for this evening (25-Jul-2018) free property seminar present by our Excutive Director over current property situation.

Hope the above answer to 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

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