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Hi,

I assume the BTO sold is your 1st and only property and your mum has only owned 1 property, the resale hdb, in her lifetime. In this case, you should be considered 2nd timer application when applying with your mum. You can buy resale hdb on your own name but not apply BTO 3, 4rm / EC on your own.

Should consider new EC from developer as the prices are affordable and attractive vs private condos. Do note you can't sublet the whole hdb unit out within the 1st 5 year MOP period.

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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Hi,

Yourselves (40yo): BTO sold
Your mum (60yo): resale HDB sold

Your queries:
(1) Buy 3 or 4-room resale HDB
Yes, you are eligible to purchase another resale HDB regardless of type, using both single citizen scheme or public scheme (with your mum).
You are not eligible for any grant due to your income.

(2) Apply BTO with your mum.
Yes, you with her may apply as a 2nd timer, because you had owned a BTO once.

(3) Own another property
(a) HDB;
(i) if you apply with your mum to purhcase a BTO, you are not eligible to buy another HDB.
(ii) If you are not applying with your mum to buy BTO. You have the choice of buying a resale HDB or EC or private with Single Scheme (you as the sole owner) or Public Scheme (You & your mum as owner).

(b) EC; assumption made is not applying for BTO
(i) New EC, you have to apply with your mum to form family nucleus (public scheme).
(ii) Resale EC (>=5yrs), you can buy as the sole owner since you are SC.

(4) near MRT & Amenities with good rental yield
This question is too broad to provide any answer. The options are too many.

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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Hi,

Based on your income, you have lots of options. May I know if you're looking to purchase for own stay or for investment? If you're looking for good rental yield, HDB flats is out as you will need to fulfill the 5-year MOP before being able to rent out the unit.

Also do take note that you will need to pay a resale levy if you were to go for a 2nd subsidized flat. The amount for the resale levy is dependent on the size of the flat you had just sold, and will be needed to be paid in CASH.

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

Buddy, above everything else, please ask yourself this "hundreds of thousand dollars question":

Am I happy with the capital gains that I'd made from my BTO flat which I'd just sold considering the number of years that I'd held it for? If yes, then please go for resale HDB.

If not, then are you sure you want to repeat the same "cycle" again? Are you sure you want to spend the next 10 years by working hard and saving every $$ instead of working less hard and let your $$ work harder for you in return?

Life is about learning and choices. I am open to a fruitful discussion together with you. All the best buddy!

Regards,
Edvan (PropNex, Powerful Negotiators Group)
hp: 84241222  Read More

Good morning,

The application for BTO unit would be considered as second timer unit for both of you as you had purchased one prior. As you should be aware, BTO and SOBF selection is subjection to ballot and require a longer waiting time. Now that you had sold off your unit, you might need to get a rental unit while you wait for possible key collection.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for someone who have knowledge and experience on sales and purchase of residential properties?
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