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Wait out period is 1 criteria, besides that, you will still need to fulfill the other eligibility criteria like the income ceiling and family nucleus.

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.

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To buy HDB, apart from the wait-out period after disposing of your private property (of 15 months btw, not 30 months), and assuming your transfer to a trust doesn't attract ABSD, if you are married your spouse would also have to be in the title or at least an essential occupier (which means MOP period also applies to them). Do remember that there are some costs with regard to setting up a trust as well. In addition to legal fees and potential ABSD if the person you are setting up a trust for has any property, you need to make sure the bank loan is redeemed and you have the $ (including interest) to make good the CPF) as well as money to pay for stamp duty (marginal rate has increase to 6% for properties of more than $3 mil. Basically there are a whole bunch of things and costs to consider before you go ahead and buy a HDB. If you'd like some more specific advice (with no strings attached), do send me a text or whatsapp at 97975882 

Kathleen Tan
Senior Associate Director
Orange Tee & Tie Pte Ltd Read More

Dear Sir/Mdm,

I presume you have sufficient cash to cover the relevant buyer stamp duties and ABSD needed for the transfer of this private property to a trust. The total stamp duties will be (ABSD) 65% + approximately 4% (BSD), and ABSD is required to be paid first and only refundable upon fulfilment of certain conditions set out by IRAS. For purchase via trust, it has to be on full cash basis, no CPF and loan facility is available.

Assume above is not an issue, you need to form a family nucleus with your spouse or parents to be eligible to purchase a resale HDB. For resale HDB, the wait out period is 15 months after legal completion of private property transfer, and for BTO its 30 months. Other prevailing eligibility conditions like income ceiling, no other private property, 1 singaporean also apply for BTO application.

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
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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends. Read More

Hi,

1) In order to gift a property to another person you have to ensure the property is free from mortgage loan.
2) For your situation, I believe that your idea of setting up a trust is because the beneficiary is under the legal age of 21.
3) Yes, it is true that you may do so in order to transfer your ownership to another person by setting up a trust.
4) However, do note that when you are buying an HDB flat. All owners and occupiers must be free from owning private property locally and overseas.
5) So if the trust's beneficiary is one of the occupiers of the flat, then you will still not be able to buy an HDB flat.
6) Back to the wait-out period. It is 15 months if you are buying a resale HDB flat. But you won't be eligible to apply for an HDB loan or grant.
7) It will be 30 months if you are applying for a BTO/SBF. In this case, you will be able to apply for an HDB loan.
8) The above is assuming that your household income ceiling has not exceeded $14k.

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 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi, appreciate your sharing. You can check the 15 months or 30 months from the completion date.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

To be eligible for HDB ownership, you cannot own private property - and you must dispose and wait out a period of 30 months prior to HDB (BTO or SBF) application.

If you want to buy a HDB resale flat without grants, the wait out period is 15 months. Unless you are above 55 of age and buy a 4-room or smaller HDB resale flat.

There are also eligibility schemes that you must meet, and are different based on new HDB or resale HDB.

Mainly,
Citizenship - Must be Singapore Citizen, if you're SPR, you have to be married to SC, or you can only buy as a SPR couple (PR status 3 years or more)

Age - Above 21 or 35 (Public or Single)
Family Nucleus - With your spouse, or family (parents, siblings), other singles or Single

Income Ceiling - $14,000 for new HDB flats, $16,000 for EC, $21,000 for extended families.

And when you buy your private property and transfer to Trust, you'll have to pay in full cash and attract ABSD of 65% + BSD.

You may be able to get a full / partial ABSD refund (to the prevailing ownership profile) if you meet eligibility conditions
-> all beneficial owners of the property are identifiable individual
-> beneficial ownership has vested at time of property transfer, basically take effect immediately
-> beneficial ownership cannot be varied or revoked.

Basically, to be applicable for ABSD refund, you cannot get back the property by the change of trust. Read More

IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

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IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The END XXXXXXX Read More