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Downgrade Of Hdb

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Hi

My parents are planning to downgrade their 4 rooms HDB flat to a 3 room HDB flat

which is easlier or there no difference as they tried to get a BTO flat but without success

shold they continue to bid or sell they flat 1st so the chances are higher?

90% of BTO units are reserved for first-timers. Whether your parents sell or don't sell the flat, it will not increase their chance at the BTO ballotings because they are not first-timers.

If your parents sell their current flat first, where will they be staying during the next 4 years when the BTO flat get built?

Edited by forgotten

Hi

My parents are planning to downgrade their 4 rooms HDB flat to a 3 room HDB flat

which is easlier or there no difference as they tried to get a BTO flat but without success

shold they continue to bid or sell they flat 1st so the chances are higher?

Not sure if your parents keen in buying from resale market? If yes, they may want to find out more about ECF

Extract from HDB page - Enhanced Contra Facility (ECF) enables you to sell your existing HDB flat and at the same time buy another resale HDB flat using the sale proceeds and the refunded CPF monies. The ECF is jointly implemented by the Central Provident Fund (CPF) Board and the Housing & Development Board (HDB).

HDB direct link

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/...CF?OpenDocument

  • Author

Thanks for the info

But am lookin on BTO cos the price diff for resale is not worth downgrading

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