5 Answers

Hi

It may be possible to apply as a family nucleus. If his mum is still around, her name needs to be included. As long as MOP of 5 years for current flat fulfilled, and have not bought more than 2 times subsidized flat or exceed income ceiling, can apply BTO or SOBF.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

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With the basic information provided, we are unable to determine their eligibility to downgrade to a 3 room BTO. If they have already met their 5 years minimum occupation period, they should be able to apply for HFE to find out what their eligible for after the current sale.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Good day to you,

Assuming the father is a widower and your friend is a Singaporean who is at least 21 years old, and the HDB is the father's initial subsidized flat that has met the MOP. Both individuals can submit their HFE letter for evaluation to understand a few key aspects:

1) What amount of grant do they both qualify for?
2) What portion of the funds from the current unit is necessary to enable the purchase?
3) What CPF funds will be kept to meet the CPF Minimum Sum requirement?
4) What loan amount are they eligible to receive?

With this information, they can begin to strategize their plans.

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1. If applying as a family unit, and the mother is still living, her name must be included. Eligibility depends on meeting the 5-year MOP, not exceeding the two subsidized flat limit, and staying within the income ceiling.

2. Once the MOP is fulfilled, they can apply for an HFE letter to assess eligibility. This includes grants, loan amount, necessary cash/Central Provident Fund (CPF) usage, and CPF Retirement Sum retention.

3. Provided the father is a widower, and the child is a Singaporean aged 21 or above, they can jointly apply. HFE results will help map out financial readiness and next steps for either BTO or Sale of Balance Flats.

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2
Hi,

1) Yes, your friend being single can form a family nucleus with his father.
2) If this is his first HDB, their application for a BTO/SBF will be under the 1st timer queue.
3) I would suggest them to apply for a HFE to understand the financial commitment before moving to the next stage.

All The Best!!!

Hope the above answers 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
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https://agents.huttonsgroup.com/R056727F/

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