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Hi,

1) In order to be eligible for the BTO normal flat type (3-rm & above), one of your family members has to convert to an SPR. Either yourself or one of your children.
2) Otherwise in your current family residence status, you are only eligible under the non-citizen spouse scheme which means only 2-rm flat in a non-mature estate.
3) This type of flat (36~45 sqm) is insufficient to accommodate 5 of you.
4) You will also have to dispose of all your overseas property and wait out for 30 months (2.5yrs) before eligible for it.
5) Take an average time to be successful in the balloting system is around 2.5yrs, which takes another 4 yrs to build. I believed by the time (9 yrs) you collect key for your BTO, your youngest child would already finish his/her primary school education.
6) Transfering property under trust is not helpful in your situation, because your child as a beneficiary will violate the rule of owning overseas property.
7) My suggestion would be to consider selling one or both of your property and buying a resale HDB flat or even a 10yrs old EC or a private residence would be a more feasible solution.
8) 9 yrs of paying rent is quite a substantiate amount, if take an average of $2.5k/mth, 9 yrs is $270,000. This money might as well use to finance your own property than finance others' property.

Hope the above answer to your main concerns, but if there are more query, 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
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Sir,

I regret to inform you that you're not eligible to apply for BTO flat based on your described situation.

In order to be eligible to apply for a BTO, you will first need to dispose off all interests in your private properties, and then wait-out for 30 months. If your Citizenship status remains status quo, you are only eligible to apply for a 2RM flat in non-matured estates. In order to be eligible for a 3RM or bigger flat, you (or one of your children) will need to be at least an SPR.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More