AskGuru Q&A Community

Hi Ms TL,

Yes you can downgrade to a new 4/5 rm BTO from HDB. When you mentioned government subsidy, I will assume that you mean the CPF grant. If you have taken a CPF grant, then it will be considered a subsidized flat so when you buy a new BTO from HDB, you will have to pay a resale levy. The current resale levy for an EA is $50,000.

There may also be some other finance issues that you and your hubby may need to discuss about like if you take a 2nd HDB loan, then you will need to commit 50% of your sales proceeds to finance the next house.

Maybe we can meet up for a non obligatory discussion with you and your hubby and we can discuss this further and I can also help to advice you furthe when I know more about your plans and requirements.

I have served many sellers and buyers and many of them are now my friends. Some of them have left testominials for me and you may read them on my website. I hope I can provide the same level of service to you too.

Looking forward to hear from you soon! Thanks.

Best Regards,

Jeffrey Heng
Senior Team Director
ERA Realty Network Pte Ltd
Property Navigators (The #1 Team in ERA for 2009 and 2011)

Mobile : 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More

Afternoon,

Every SC couples are entitled to at least 1 subsidized unit and 1 BTO or 2 BTOs. If you have fulfilled your 5 years MOP, you are eligible to apply for your new BTO as second timer. Do note that you will be liable for levy of $50k which is payable by cash.

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

Hi TL,

Technical speaking, as long as you have fulfilled the Minimum Occupation Period of your current place, you will be eligible to do so while incurring resale levy as what my fellow professionals have pointed out. Do plan out your sale and purchase proper in terms of timeline as you will also need to ensure that you have sufficient cashflow to do so and work out to ensure that you will have a roof overhead during the transition.

Regards,

Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
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