HDB and Condo

[babystickyfingers]

starlight1968sg:

micollh:

[quote=\"financial_guru\"]I can't find any further restriction after the 5 yr period. I think you can choose to stay at either one and rent out the other. Its your choice.

r u sure? this is not wat i was told. tt's why i want to check. they said if u owned HDB, u buy condo, u cannot stay in condo. but have to stay in HDB.

I was told the above too;
I have to stay in hdb but rent out the condo.
But this is never my preference; I would like to live in the condo and rent out my hdb flat.[/quote]
Taken from HDB website under FAQ:
http://askhdb.hdb.gov.sg/explorefaq.asp?projectid=7875909&returnurl=/ifaq.asp%3Ftopfaqs%3D1%26n%3D0%26category%3D60665

I own a private property and would like to reside there and sublet my HDB flat. Is this allowed?
A.

Owners may sublet their flat if they have met the minimum occupation period as follows:

3 years

Non-subsidised flat (flat purchased from the open market without a CPF housing grant) and the application for the purchase of the flat was received before 30 Aug 2010;

5 years

Non-subsidised flat (flat purchased from the open market without a CPF housing grant) and the application for the purchase of the flat was received on or after 30 Aug 2010;

Subsidised flat (flat purchased directly from HDB or from the open market with a CPF housing grant)

Flat owners who meet the eligibility requirements above and who concurrently own a private property with HDB’s approval, are allowed to stay in the private property and sublet the HDB flat.

However, prior approval from HDB must be obtained before they sublet the flat.

Last updated on 08 July 2011

[dicky]

whitecorp:

Out of curiosity, is it normal to get rejected 3 times for a first time young couple when applying for a BTO flat? I was chatting yesterday with an old friend (shes 26 btw) and she lamented about her successive failures to secure a nest somewhere in Yishun-one great stumbling block when trying to tie the knot. No flat, no ROM, no marriage.

3 years back, my brother tried BTO in Yishun. There wasn't a system of rejection, just queue number. At that time, there are many applicants who choose not to book a flat for various reasons like low floor etc... And try again. Not sure now... But unlikely HDB reject, most likely applicant reject or choose mature estates where BTO flat number is lower than Punggol etc...

Perhaps expensive DBSS, or EC will have a better chance, especially for 1st timers where queue number is definitely lower... :evil:

[micollh]

any good website where i can do calculation on how much i need to pay (cash +cpf) for private house ? …how much of renovation usually one’s need for new unit ? condo usually will be charged more …

[dicky]

Errr... There may not be a single website that give straightforward answers as that depends on situation such as CPF rulings, bank loan quantum and loan packages etc....


If you are looking at new launch pty, simply drop by one showflat and request for a agent + banker to work out the sums. No obligations. There may be pushy agents, but simply wave them away...

As for pte resale, try propertyguru calculator at http://www.propertyguru.com.sg for a rough idea. Or contact your friends who already bought resale pte pty for a chat...

:rahrah:

[Belle2011]

Anybody went to the showflat of The Hillier by Far East?

[dicky]

We went. Clearly not for families…

[Hiaweh]

dicky:

We went. Clearly not for families....

Why?

[jedamum]

Hiaweh:

dicky:

We went. Clearly not for families....

Why?

The Hillier....mainly SOHO. Probably.

[Belle2011]

I went to WaterTown too.

SOHO is suitable for small families (2 adults and 1 child).

[cherrygal]

Nowadays, most of my frens who bought HDB flats end up buying private property and not selling their flats. They prefer to rent out their flats… no wonder analysts say less and less resale flats available…