6 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

Since you already have a private property, at the point of application, you will not be eligible to apply for a flat from HDB.

However, you may buy a resale flat from the open market but without the CPF Housing Grant.

Another option is it sell your private property and then wait out a 30 month period before applying for a flat directly from HDB.

Hope this answers your question.

Best Regards,

Team PropertyGuru
Ling CK
Hi Pris,

1) Sorry to tell you that the condition for the private property owners to be eligible to apply for BTO is 30 months after disposing of private property.
2) So you can only apply BTO 30 months later after selling private property.
3) This has nothing to do with how long HDB needs to take to build their BTO.

Hope the above answer to your main concerns, but if there are more query, 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://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly.
Mark Ng S W
Hi Pris, you need to remove your name 30mths before application of BTO. Do contact me at 97970200 to discuss more on your options.

Mark, your RIGHT choice
Propnex
Aaron Chong
Hi Pris,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, the ideal option of yours would be to purchase a resale HDB flat and after that to sell off the condo within 6 months.

Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg
Nick Tan
Hi Pris,

Unfortunately, it is not possible to apply for a BTO for your situation because under the current ruling, you will need to sell off the condo first, wait out a 30 months waiting period before you are eligible to apply for a new BTO.

Please feel free to contact me if you need any further assistance or advice.

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

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)
Robbie Chen Chee Howe
Hi Pris,

I am sorry to inform you that you are not eligible to apply for a BTO flat as you currently own a private property.

In order to apply for a BTO, you will need to dispose off your interest in the condo, then wait-out a period of 30 months, before being eligible to apply for the BTO.

You may wish to consider to sell your shares in the condo to your sister and wait out the 30 months if you are not in a hurry to get married.

However, if you do not wish to wait at least 9 years (2.5yr wait-out period + 6 years of construction, and assuming you're lucky to get a unit upon your first BTO application) to collect your keys to the BTO, you may wish to consider a resale HDB or a private condo instead.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty