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Hi Mr. Lim,

For a start you might want to try to apply the BTO first, as 2nd timer chances are slimmer in terms of getting a BTO unit and the whole process will take about 6 months to select a unit. Also the locations for each exercise are different and may not have a location you want.

There is also no need to repay the loan fully if you intend to apply BTO, it also does not increase your BTO balloting chances. Do note a resale levy applies if the BTO is your 2nd subsidized flat.

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

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-- 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.

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--- 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.

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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

Good afternoon Mr. Lim,

Do note that purchase of BTO units are subjected to application and you will need to wait for the unit to be built before you can collect keys to the unit.
Even for HDB unit that are fully paid, by cash or with CPF, the buyers are required to fulfill the MOP requirement.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

hi Mr Owner,
Can I have more details of your plans?
I have done a few transactions of buy/sell in Bukit Panjang.
I can be reached at 97100155 
Pei Propnex Read More

Hi Mr Lim,

Thanks for your post.

You've mentioned that you're planning to sell your house hence personally I do not see a need for you to settle your outstanding loan at this moment. Basically there are no criteria to pay off your loan using your CPF but depending on your age, we will need to factor in the CPF minimum sum factor as well.

Actually when it comes to financial planning on real estate, there are many things to look into. Clearing off the loans or using all our CPF may not be the best option after all. What I can suggest is that we can meet up for me to do some calculations for you. No worries as there are no obligations at all. We can just take it as a chat. I can also take this opportunity to provide some advice to you based on my knowledge of the industry.

My partner and myself have served many clients over time and may of them have become our friends. Many of them have also left testimonials for us and we have been featured by Council of Estate Agents in their newsletter for good client service. Putting client's interests first have always been out principle and we are glad that all these efforts have paid off. I firmly believe that I will be able to provide some good advice to you.

Looking forward to hear from you soon. Cheers!

Best Regards,

Jeffrey Heng
Associate District Director (Sincerus Division)
NAVIS Living Group - A group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

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Web : www.sgpropertyadvisers.com Read More

Good afternoon Jit Fu,

Care to share why are you thinking of fully pay your HDB loan since you have plans to sell existing unit?

And why are you thinking of getting BTO as well? Do take note that if you have enjoyed CPF housing grant in your existing HDB, you will have to pay resale levy of $45k if you wish to proceed with BTO purchase.

Hope my explanation helps!

Perhaps you can share more with me so I will be in a better position to advise you further.

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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Dear Mr. Lim,

I seems to understand your concern. You no longer needed larger space and intend to shift to smaller unit.

The intention is to reduce stress and get some cash for raining days, at the same time also want to enjoy the benefit as a citizen.

However, applying for BTO possess uncertainty on location and time which you are not having advantages over.

First of all, you have been staying in the North-East for a while, your ideal BTO would be in area such as:
Bt Batok: available 34, no. of applicant: 694
Bt Panjang: available 230, no. of applicant: 706
Chua Chu Kang: available 10, no. of applicant: 78

So you have no control in location, level, facing, even price.

My advice would be to buy another resale where you have control over the above factors, and the same time can receive cash for raining days, & no longer need to worry about monthly installment anymore.

Please contact me at 90110636  or ling.ck7@gmail.com for more info.

Best regards
Ling CK
ERA Read More