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I'm planning to sell my condo(fully paid for) n ballot for a HDB (2nd timer) How should I time the buying and selling taking into consideration that completion date of new HDB flats is usually more than 2yrs. When would I need to sell my condo upon successful application of a flat?
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Geryl Lim
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Hi ICE,

Refering to this link "http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatEligibilitytobuynewHDBflat?OpenDocument" I believe you will be ineligible to purchase a new HDB direct from HDB.

However, you may still purchase a resale HDB from the open market and you'll have to sell your existing condo within 6 months from the completion of your HDB purchase. Should you need to utilise the proceeds from the sales of your condo for the purchase, timing is critical.

Perhaps we can have a more detailed discussion for your plans such that I am able to advise better.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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