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Hello!

For your current resale 3-room, did you take any grants from HDB for the purchase?

Even if you have never applied for BTO before, but have taken grants (except proximity grant) for your current resale flat, then you will be deem as a 2nd-timer when you apply for a BTO. You can still apply for BTO as a 2nd-timer, but will be subjected to resale levy.

It will be good to calculate your finances to understand if you are able to afford a BTO.

If you can afford a BTO, then you can try applying for BTO first prior to selling your resale flat.

Feel free to reach out to me if you would like to discuss this more in-depth (:

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Regards,
Jay Lim
 +65 8885 6761 
jay@themindful.space
w: jaylimrealty.com | themindful.space

Assoc. Director
PropNex Realty Pte Ltd Read More

Hi,

If the current flat is resale, and you have not taken any grants, you will be considered first timer still. You can still try to apply BTO assuming your income does not exceed $14k per month, and you do not own any other residential property. For BTO you can only apply once the MOP of 5 years is fulfilled, same as buying another resale HDB.

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
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Hi Ms Nurshaindah,

Have you take any housing grant for yoru current 3 room flat? If you have taken, then you will be considered 2nd timer, and resale levy will be applicable for your purchase of BTO.

Selling the house is not a problem, but if you need to assess if your household income is sufficient for you to take the next home loan for the bigger unit you are targeting to purchase. Not sure how you calculate the valuation of your current place though, you may wish to subscribe to monthly updates on the indicative value of your property at http://bit.ly/UrHomeMatters where we will update you monthly on the indicative value based on the latest similar transactions.

I have been in the real estate business since 2009, with more than 13 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 9,400 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.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
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Hi Ms Rozlan,

Yes it is possible to apply for a BTO house if you have never purchase any subsidized flat before. It is ideal to do a financial calculation to understand your financial position first before proceeding for the upgrade since only one party is working.

Please contact me so that I can gather more information from you and assist you in the calculation and provide you with more informed advice and assistance.

Regards,
Nick Tan
(M) +65 9.6444854
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Susana (Buyer) Read More

Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi, appreciate your sharing. You can apply only after 5 years MOP.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

1) There are 2 things I can't deduce and thus might not be able to offer any good advice.
(a) On what basis that you think your flat's valuation is about 400~430k?
(b) You said you never applied for BTO before, then this should be a resale flat.

2) The Ang Mo Kio 3-rm flat median price is at $380k from the HDB websites. This is mainly because more than 90% of the resale of 3-rm flats were built in the late 70s' and early 80s'.

3) The newer lease flats that met or met MOP shall command high value. So if yours is not a BTO but an SBF, then it should call above $500k regardless of how bare it is.

4) If you have bought an SBF, then you will still have one more chance of applying for a BTO.

5) If you intend to apply for an HDB loan again, beware that you will be subject to the right-sizing policy; meaning that 50% of your cash proceeds will be used to pay for your BTO.

6) Since this is an SBF, you are also subject to a resale levy of $30k.

7) When you are invited to select for the BTO. You must have the money (cash and/or CPF) for the 20% downpayment and legal fees ready about 6 months from the flat selection. This is provided you are able to get the 80% loan from the HDB.

8) I would suggest you apply for the HFE once you meet the MOP. So that you will know how much loan you could get before deciding whether it is the right time to buy the BTO now.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer 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
 90110636 
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https://R056727F.propnex.net/
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