Both siblings can apply for their own 2-room Flexi flat under the **Single Singapore Citizen Scheme**, but executing this requires synchronizing the sale of their existing 4-room flat.
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### Step 1: Establish Scheme Eligibility
* **Age 55 & Above (Short-Lease 2-Room Flexi):**
* Lease options: 15 to 45 years (must cover buyer up to age 95).
* Income ceiling: S$16,000/month.
* Financed fully via cash/CPF (no loans allowed).
* Eligible for the **Deferred Downpayment Scheme (DDS)**, deferring downpayment until key collection.
* **Age 35 to 54 (Standard 99-Year 2-Room Flexi):**
* Eligible for 99-year flats in BTO launches across Singapore.
* Income ceiling: S$7,000/month.
* Financed via HDB/bank housing loan + CPF.
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### Step 2: Address the 6-Month Disposal Rule
Under HDB regulations, when an owner collects keys to a new BTO flat, existing property must be sold within **6 months of key collection**.
Because both own **one shared flat**, if Brother collects keys first, the 4-room flat must still be sold within 6 months—even if Sister’s BTO is not ready.
**Primary Solutions:**
1. **Apply for the Same BTO Project:** Target the same launch with identical Estimated Completion Dates (ECD). If key dates vary slightly, one sibling arranges short-term interim housing.
2. **Apply via Sale of Balance Flats (SBF) / Open Booking:** Securing completed or near-completion flats allows both to collect keys concurrently.
3. **Sell First & Rent:** Sell the 4-room flat first, divide the cash/CPF refunds, and rent temporarily while waiting for their BTO flats.
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### Step 3: Financial Settlement
* **CPF & Cash Split:** Net sales proceeds pay off any outstanding mortgage first. Used CPF principal + accrued interest return to each sibling’s Ordinary Account. Remaining cash splits by legal ownership share (50:50 for Joint Tenancy).
* **Resale Levy:** If the 4-room flat was bought subsidised, a resale levy applies (halved to S$20,000 each for singles buying a second subsidised flat).
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### Step 4: Immediate Action
Both siblings must log in to the **HDB Flat Portal** via Singpass and apply for individual **HFE (HDB Flat Eligibility) letters**.
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1. How old are your brother and sister, and are they looking at 99-year or short-lease Flexi flats?
2. Was the current 4-room flat bought directly from HDB (subsidised) or from the resale market without housing grants?
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Gan Eng Joo Onassis 颜荣裕, REALTOR®
MSc BIT (Middlesex, England, UK); BBA (South Australia)
CEA Reg No: R021244C | Singapore Line:
(+65) 88899918
Email: onassis@sgagent.com
SGAgent.com | SGRealtor.com | SGCommercial.com
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