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Hi,

1) HDB is no longer build any studio apartment. The flat for SC who intend to get a smaller flat for economical or maintenance reason, is 2-rm flexi with 30 or 45 yrs lease.
Although you had enjoyed subsidized flat twice, you are still eligible to apply except you have to pay a resale levy.

2) You have to wait out for 30 months (2.5 years) upon dispose off your private properties before eligible to submit an application.

3) These 2-rm flexi are not transferrable. They are meant to provide a mean for accomodation only and not for futher investment or capital appreciation.
HDB will claim ownership of these flat by the time all owners exit from the flat.

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 Mdm,

You will need to serve a wait-out period of 30 months before being eligible to go for a studio apartment. This may not be the wisest choice, as the apartment comes with short lease, and is not transferable to your children.

I believe your children would prefer you to leave them with private properties instead. If you need retirement funds, you might wish to downsize from your private properties, or switch to another location.

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

Hi,

It depends on which type of hdb studio apartment (or what they term as hdb 2rm) you are looking at. There are 2 types to this hdb 2rm, ie. 2rm 99 year lease or 2rm flexi (with various lease periods)

You can't qualify for 2rm 99 year lease as you have already bought 2 subsidized flats from hdb (any purchase direct From hdb is considered 1 subsidy taken).

You can qualify for 2rm flexi provided you sell away your private properties within 6 months of 2rm flexi key collection. The downside is you can't sell in open market or pass down to children, only can sell it back to hdb.

More details @ http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/2room-flexi-flats

What are your objectives with this housing plan? 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
Contact: (+65) 97432395 
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(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

*The downside is you can't sell the 2rm flexi in open market or pass down to children, only can sell it back to hdb. Read More

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Good day madam .

You and your husband do not qualify to buy any more cheap new subsidised hdb.

You and your husband combine can buy a resale hdb ( market price therefore a non subsidised hdb ) if both of you are willing to dispose your private later on , within 6months AFTER collecting key to your resale non subsidised hdb . This resale hdb can be re sold in open market when you and your husband wish to , this resale hdb need NOT be returned to hdb board .

Alternatively you and your husband can rent a hdb studio , essentially it means renting the hdb and paying the 30years rent UPFRONT in one payment , the 30years rent paid upfront will be return to you or your husband on a pro rate basis when you return the rental hdb . Very roughly it is approximately $250 to $450 rent per month but paid upfront for a 30year rent lease . This rental hdb CANNOT be re sold in open market . Likewise you only need to sell the private properties later on , latest within 6months after collecting key to your rental hdb .

I Can help you with the hdb buying or hdb rental application .

Kindly contact me for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your private property, or 2% for open listing ( many agents marketing ) .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Dear Mdm,

1) Each person is entitled to subsidized housing twice and unfortunately you have utilized your 2 chances and therefore are not eligible to purchase a studio apartment from HDB anymore.

2) If you are eligible, you will need to observe a waiting time of 30 months after the disposal of your private properties before you are eligible to buy directly from HDB.

3) For studio apartment, you will not be able to pass down to your children as they will be returned to HDB with the refund in the remaining lease in monetary terms to your children.

You may want to consider selling one of the private property to fund the purchase of a smaller property to stay instead.

Please feel free to contact me so that I can understand your situation and needs better before I can propose some possible solutions!

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

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients (2016/2017)
“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)

“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)

“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) Read More