Hi,
Yes, you may still be eligible to apply for a BTO flat with your wife in the future, even if you purchase the 4-room resale flat at Blk 218 Sumang Walk now. However, there are several important considerations.
Firstly, you must fulfil the Minimum Occupation Period (MOP) of your resale flat before applying for another HDB flat. For a typical resale flat, this is generally 5 years.
Secondly, if you successfully purchase a BTO flat later, you will be required to dispose of your existing HDB flat within 6 months of collecting the keys to your new flat. You do not necessarily need to sell it before submitting your BTO application.
Thirdly, your eligibility for housing grants, HDB loans and any resale levy will depend on whether you have previously enjoyed housing subsidies and your household circumstances.
More importantly, I would suggest considering whether purchasing the resale flat now makes financial sense if your longer-term intention is to move into a BTO flat. You should factor in the MOP, future BTO waiting time, transaction costs and your family's housing needs.
May I know whether you are purchasing your first HDB flat and whether you intend to apply for a BTO shortly after fulfilling the MOP?
Also, have you engaged a property agent to assist with your purchase? If so, has your agent explained how this resale purchase may affect your future BTO plans?
We have also recently released an HDB market report covering resale price trends and the market outlook. I would be happy to share a copy to help you evaluate your options.
Geryl Lim
9278 7772
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