Flat buyers and sellers will need to attend only one appointment with HDB, instead of two previously. The first appointment will no longer be needed as all forms and checks will be completed on the resale portal.
By submitting the necessary documents promptly, the entire transaction time — from submission to completion of the resale application — may take up to eight weeks from 16 weeks previously. Ohmyhome is here to help if you need assistance in your property journey. We also offer documentation services , mortgage solutions and legal conveyancing. Let us make it easy for you! Call us at for more information on our services or submit a callback form here.
A resale HDB flat is a property currently owned by someone else that is put on sale in the open market. This means the flat has reached its five-year Minimum Occupation Period. Yes, you can. While the Information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the Information. The Information may change without notice and Ohmyhome is not in any way liable for the accuracy of any information printed and stored or in any way interpreted and used by a user.
Property buyers often consider location as an important factor, be it an HDB flat or a condominium. But would trade location for price and other amenities? Does the new Prime Location Public Housing model still confuse you? What requirements should you be aware of before buying? Singapore Malaysia Philippines. Buy with an Agent Dedicated experts at your service. Documentation Services Leave the paperwork to us. Browse New Launch Condos Find new units for sale.
Browse Resale Listings Connect with sellers through our app. Affordability Calculator Find the amount payable when buying. Sell with an Agent Dedicated experts at your service. Post a Listing for Free Connect with buyers through our app. For tenants. Rent with an Agent Dedicated experts at your service. For landlords. Lease with an Agent Dedicated experts at your service. Lease Documentation Leave the paperwork to us.
Do it yourself. All Agent Services. Buy with an Agent. The eligibility conditions in the following table apply to all resale flat purchases. Please refer to the individual schemes for information on the following criteria:. There is no income ceiling for buying an HDB resale flat.
If you or any persons listed in the application owns an HDB flat, you must dispose of the HDB flat within 6 months of the resale flat purchase.
If you or any person listed in your resale flat application owns a private property either locally or overseas, you must dispose of all private properties before or within 6 months of the resale flat purchase. Buy an HDB resale flat with your family. For example, with your wife and children, parents and siblings, or children if you are widowed or divorced.
If you are an unmarried parent and would like to buy a resale flat, please write to us via our e-Feedback Form. We will contact you soon after to understand more about your circumstances. Buy an HDB resale flat as a single.
This is why many financial experts always advise that all home loans are cleared by 55 years old. You should also be planning your transactional timeline carefully such that you will have a place to stay after selling your private property and then purchasing a HDB resale flat. A good property agent will be able to help you in planning your private property sale and negotiating with the HDB seller for your benefit. If you can, and you meet the eligibility criteria, then you are going to profit quite a little in terms of selling your private property and ending up with a new subsidised flat.
Because of your age, you might want to consider buying a 2 room flex BTO with shortened lease. This will be the cheapest way of buying a BTO. As you can see, it is not a really simple solution of just buying hdb after selling private property. It sounds simple on paper but not the same when in practical terms. The clearest path to doing so would be a fully paid private property which is sold for positive profit and good cash proceeds.
I hope to use my financial skills and knowledge in providing an edge to my clients in areas of financial planning and asset progression when it comes to their property purchases and investments.
All views in this web site and blog posts are strictly my personal views and do not necessarily reflect the views of my agency and its agents. Hi Peter. As long as you meet the EC requirements. At your age it will probably be all cash. I have a client who applied for BTO at your age. Same reason as yours. There is an EC in Tampines launching in Jan I plan to sell my condo and buy a BTO after 30months.
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