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Hi Yangzhen,

May I know if your MOP of 5 years are met? If so, you can look around for the next residential property. As you have taken 1st timer housing grants for the hdb resale, it is considered your 1st subsidized flat, and hence you are considered 2nd timer status for the next BTO or new EC application. This means a resale levy is applicable upon the sale of your 1st subsidized flat (current Jurong property). There will not be any other grants for the new BTO or new EC.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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-- HDB Choa Chu Kang BTO 4-RM Sellers, 5-RM Purchasers, Zima & Faizal --

Ivan was prompt in replying to my endless queries & concerns. He was very attentive to details and he knows my exact 'taste' during the process of house hunting. I would say that my requirement in getting a flat is quite high because i was looking for a flat located near my parent's as well as the MRT station. It impressed me that he could read my mind well which makes the whole transaction alot easier. I also love the fact that he is calm, not pushy & always ensuring me that there are still sufficient time to look out for other available houses. We are so thankful beyond words for his understanding and patience thoroughout the whole process. We managed to sell our BTO with 4 months extension & secure a 5 room flat without COV, located near my parent's and a 3 to 5 mins walk to the MRT station. What's even better is that the flat that we purchased is superbly convenient as it is just beside a big shopping mall! Thank you Ivan for all your effort & for the smooth sailing transaction!

-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you. Read More

Good evening yangzhen,

you will be considered second timer if you wish to apply for BTO or new EC as you had enjoyed subsidy (CPF housing grant) in your existing flat. You will be subject to resale levy if you wish to proceed with this plan, you wont be eligible for any grants.

If you are getting BTO, your chances will be lower than first timer.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
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Dear Yangzhen,

Thank you for your query!
In view of your question- you will be a considered 2nd timer for the next BTO or new EC application as you have taken the 1st timer housing grants for the HDB resale. This means a resale levy is applicable upon the sale of your Jurong flat and there will not be any other grants for the new BTO or new EC.

Frankly speaking, if your finances permit, one should ponder over the possibility of a EC purchase owing to the potential returns and equity gains over time. With the resale and under construction options- you have diverse properties to enhance your portfolio.

Firstly, I would need to understand more of your preferences and circumstances as well as work out a financial plan with timeline to tailor and streamline customised options for you to consider.

The discussion , not limited to advise and insights, will also allow me to help you understand transaction caveats, historic sales report, available options and map out the market and the steps involved for a purchase. Perhaps you could contact me on my mobile or connect via zoom for an in detailed discussion. Thank you.

Do visit my website for my recent accolades, awards and testimonials @ http://www.kumarrai.myweb.sg

D Kumar
 +65 96659926 
ERA Associate Division Director

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Hi Yangzhen,

For your case, you will be considered a 2nd timer as you have taken the CPF housing grant and proximity housing grant previously.

For BTO, you will be considered as a 2nd timer and you will need to pay a resale levy if you were to purchase a new BTO or EC. Please feel free to contact me so that I can understand your situation and provide you with further assistance.

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

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Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)

“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)

“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) Read More

Hi Yangzhen,

As you had utilised your CPF Housing Grant, you will be considered as a second-timer. The chances of getting a ballot number is much much slimer than a first-timer.

Should you be lucky enough to get a ballot number and choose a unit, you will not be eligible for any more Grants. Instead, you will need to pay a resale levy (in Cash) upon the sale of your current flat. The amount of resale levy payable is dependent on your flat type.

This works the same for application of brand new EC. You will also need to pay a resale levy.

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 Read More