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I'm being invited for flat selection (Sale if Balanced Flat)but my quene is at 365. I notice that at HDB website 3R at 71 units, 4R have 420 units.

Ethnic quota is Malays 231, Chinese 344 & Indian/Other Races 136. Can anyone advised what is my probability to select a 4R unit?

As this is my 2nd property, by when I need to sell my current flat? Must I need to come out any form of cash like downpayment? How much is my resale levy since I'm now holding a 5R flat?

Would I be able to take HDB concession loan or I must take bank loan?
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2 Answers

Morning,

As it's a SBF, it's very hard to give you an answer. The number of units are spread all over Singapore and the Ethnic qouta will be different for different blocks, in different estate. Though the chances of getting a 4 room flat is still good.
Under the current ruling, you have to sell off your current unit, within 6 months from collection of keys. If you have purchase new flats, BTO or resales flat with housing grant, you are required to pay cash levy of $45k, for buying this new unit.
If you have only enjoyed 1 subsidized loan, you can apply for 2nd subsidized loan, provided you meet the requirements. Do note that 50% of your current unit's sales profit must be used for the new purchase. Of coz, you can choose to take a bank loan, if you want to.

FYI
Mike Lim
 96929209 
ERA Read More
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ 82798327  -

Why Should HDB Sellers engage me? Contact me @ 82798327 

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