I am an HDB flat owner and have satisfied the Minimum Occupation Period (MOP). You are also required to notify HDB when you renew or terminate the renting out of bedrooms, and when there are changes to your tenants’ particulars. BTO flats (ie completely new subsidised HDB flats) are not available to you for 30 months after selling your private property. If you already own a private property, you will still be allowed to apply for an HDB flat, whether on the BTO or resale market. Property ownership – no other properties for at least 30 months prior. I am an HDB flat owner and have satisfied the Minimum Occupation Period (MOP). Can I start marketing my existing flat when I am invited to collect the keys to my new flat? Can I still retain my private property if it is overseas? However, you will be expected to dispose of your previous property at least 30 months BEFORE the date of application. max two HDB loans). If the process of sourcing for and buying your resale flat goes smoothly, you could be moving in within a year. Owners would have to fulfil a MOP of five years. applicant(s) or any person listed in the application form or their spouse(s) have at any time within 30 months before and the date of applying to buy an HDB flat, or between the date of the application and date of completing the purchase, bought, transferred or sold any flat, house, building or land, or any interest in it. Hence you will need to be be buying a HDB resale flat in the open market. Bank Loan. Applications to rent out bedrooms can be submitted online via HDB’s e-services. $7,000 for singles buying 5 -room (or smaller) resale flat or a 2-room new flat in a non-mature estate: Private property ownership: Buyer must not own (or have disposed of) any private residential property in the 30 months before the date of application for an HDB Loan Eligibility (HLE) letter : Household status Read Answers from Real Estate Professionals in Singapore to 'I own a private property, must I wait for 30 months before i can buy a hdb resale flat?' A $10 administrative fee is ... of one within 30 months before the date of flat application). 7. ^For young couples buying a flat, find out if you are eligible for the deferred income assessment. Applications must be submitted electronically via the HDB InfoWEB for buying a flat under the Build-To-Order System (BTO) exercise. Meanwhile, private property owners who want to sell up and buy subsidised HDB flats have to wait 30 months from the date they sell their homes. After five years, owners can sell their units to Singapore Citizen and/or Singapore Permanent Resident, and after 10 years they can sell to foreigners. Going solo: A guide to buying an HDB flat for singles. ... Lastly, try to set aside savings of at least 6 months' worth of monthly repayments as an emergency fund. You don’t own or haven’t disposed of any private residential property in the 30 months before you apply for your HDB loan; Your average gross monthly household income doesn’t exceed $14,000 for families, $21,000 for extended families or $7,000 for singles The HDB flat you’re buying has at least 20 years left on its lease Bank Loan. As you just sold your private property, you cannot buy a BTO flat till 30 months AFTER you sold your private property. step 5: shortlist your ideal flat before your first hdb appointment Between the time you get your queue number and the date to head down to HDB to choose your flat is a long period of a few months. 6. d. Must not own or have disposed of any private residential property in the 30 months before the date of application. Hence you will need to be be buying a HDB resale flat in the open market. – Monthly household income less than $12,000. My HDB Lease Find out how many years left before you surrender your HDB. If you are not eligible for a HDB loan, you will have to consider taking a bank loan which is typically at rates that fluctuate depending on interbank rate. Do I have to dispose of my private property within six months of buying a non-subsidised HDB flat? BTO flats (ie completely new subsidised HDB flats) are not available to you for 30 months … As this is a long-term financial commitment, it is important that your monthly housing loan remains affordable. has at any time within 30 months before the date of applying to buy an HDB flat, or between the date of the application and the date of completion of the purchase, acquired or disposed of any flat, house, building or land, or any interest therein. 6. You can do this by keeping your monthly housing instalment within 25 per cent of your gross monthly income. From 1 May 2018, flat owners will be required to seek HDB’s approval before renting out their bedroom(s). Upon selling an EC you must wait 30 months before buying any flat direct from HDB. As you just sold your private property, you cannot buy a BTO flat till 30 months AFTER you sold your private property. vinz wrote: No so called "30 months" (before buying hdb) if the hdb unit is a "resale" , if seller is selling EC or pte.

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