Hi Isyraf,
To qualify under SBF or OBF, your total household monthly income cannot exceed $14k. Their current 3-room must also have met the MOP of 5 years before being eligible to apply. The first step is to apply an HFE letter so to be able to take part in the SBF or OBF exercise.
Do note that SBF or OBF exercise happens only once or twice per year, so it is good to apply the HFE letter ahead. SBF is a bit like BTO balloting process, from applying till key collection it can take at least 1 year or more. For OBF, its a first-come-first serve fastest fingers basis via online application, the key collection may be faster but still will be around 9 months. There is a lot of luck involved because typically SBF is oversubscribed and OBF requires a lot of camping work.
The flats available may not be in the locations you want as well.
You can also consider resale flats. There will be more options in the areas you want, typically more spacious and you may still be eligible for grants.
Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
SEAA Salesperson Achievement Award 2021 (Gold)
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-- HDB Choa Chu Kang BTO 4-RM Sellers, 5-RM Purchasers, Zima & Faizal --
Ivan was prompt in replying to my endless queries & concerns. He was very attentive to details and he knows my exact 'taste' during the process of house hunting. I would say that my requirement in getting a flat is quite high because i was looking for a flat located near my parent's as well as the MRT station. It impressed me that he could read my mind well which makes the whole transaction alot easier. I also love the fact that he is calm, not pushy & always ensuring me that there are still sufficient time to look out for other available houses. We are so thankful beyond words for his understanding and patience thoroughout the whole process. We managed to sell our BTO with extension & secure a 5 room flat without COV, located near my parent's and a 3 to 5 mins walk to the MRT station. What's even better is that the flat that we purchased is superbly convenient as it is just beside a big shopping mall! Thank you Ivan for all your effort & for the smooth sailing transaction!
-- HDB Sellers of Woodlands Exec Maisonette Gaffoor & Isha --
Buying or selling property is a big decision, as we wanted to make sure our agent is someone we can trust, get in touch with, and approachable. Ivan certainly fits the bill. He was available anytime of the day to answer our queries and was with us throughout the process. We have no reservations in recommending him.
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