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My father is 65yrs old this year.
Can he sell his flat and buy a studio unit at limbang green at yew tee?

I heard there're some balance unit there
But how can I check?
Can he sell his Ang mo kio flat and buy this studio unit?
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2 Answers

Hi,

For studio units purchase directly from HDB, application is usually open during the period where BTO/SOBF exercises are launched (typically 4 times a year). Do note that your dad must not have purchased subsidized flats more than twice. Subsidized flat examples include (BTO, resale flat with grant, new EC etc).

If there's an urgent need to get the studio, you may wish to visit the HDB Ang Mo Kio Branch side to enquire more. They may be able to assess on case-by-case basis.

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)

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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.

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Translation from Mandarin:

We are from the Pioneer Generation, already in our 70s, and have no experience selling HDB flat. As our new BTO is arriving, we considered selling our flat earlier.

We felt he was a patient agent who is willing to hear out our plans and concerns, and explain new HDB selling procedures clearly to us. He is also a hardworking agent who did Roadshows for weeks to create awareness for our unit, and we quickly found a buyer through this avenue.

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YT Tan (陈永达)
Good evening,

Your dad will be eligible if he has not purchased subsidised flat (BTO, resale flat with housing grant, new EC) twice.

If he's eligible, he can choose to sell before (usually for those who needs the funds for the purchase) or within 6 months from the key collection

As for application of studio unit, you will have to wait for the next BTO or Sale of balance flats launch to find out whether is there still available units at limbang green for application.

Hope my explanation helps!

May I know how can I value add further in your dad's retirement plans?

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

Warmest Regards,

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

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yt.tan91115171/ Read More
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