logger 0 Report post Posted March 28, 2011 If i recently get a BTO from HDB, can I buy another private apartment? Will I be able to get the full loan amount? Thank you. Share this post Link to post Share on other sites
therat 18 Report post Posted March 28, 2011 Q1. take key liao? (If yes, go to Q2) Q2. > 5 yrs? (If yes, go to Q3. If no, Ans 1) Ans 1. No private property Q3. Can buy private property Q4. has the HDB loan fully pay? (If yes, go to Ans 2, If no, Ans 3) Ans 2. 80% bank loan Ans 3. 60% bank loan Share this post Link to post Share on other sites
logger 0 Report post Posted March 28, 2011 take key liao? If yes, > 5 yrs? If No , No private property If Yes , Can buy private property Is HDB loan pay finish liao? If yes, 80% bank loan If No, 60% bank loan I just took my key. Meaning to say I must stay more than 5 years, then I can buy private property? Share this post Link to post Share on other sites
therat 18 Report post Posted March 28, 2011 I just took my key. Meaning to say I must stay more than 5 years, then I can buy private property? BINGO. This rule has been in place for donkeys years Share this post Link to post Share on other sites
logger 0 Report post Posted March 28, 2011 BINGO. This rule has been in place for donkeys years Really? Its not something to do with the recent cooling down measures by governement? Share this post Link to post Share on other sites
marshmallow 0 Report post Posted March 28, 2011 Really? Its not something to do with the recent cooling down measures by governement? nope. all along for new flats from HDB, you can only buy private after fulfilling the MOP (minimum occupation period) of 5 yrs. Share this post Link to post Share on other sites
therat 18 Report post Posted March 28, 2011 Really? Its not something to do with the recent cooling down measures by governement? When I 1st bought HDB unit at 1999, this rule is already there. When it start? I don't know, my O level history didn't test on HDB Share this post Link to post Share on other sites
bepgof 20 Report post Posted March 28, 2011 (edited) Woh so late meh, mine 1992, stayed for 13 yrs, then went for pte, stayed for >3yrs, now back to hdb again. Found staying in hdb more "worth" since I'm a singaporean. But I still missed my childhood kampong "landed" house. I think (mind not functioning well lately)5yr mop for new flat introduced sometime in 1996 or 1997. When I 1st bought HDB unit at 1999, this rule is already there. When it start? I don't know, my O level history didn't test on HDB Edited March 28, 2011 by bepgof Share this post Link to post Share on other sites
therat 18 Report post Posted March 28, 2011 Woh so late meh, mine 1992, stayed for 13 yrs, then went for pte, stayed for >3yrs, now back to hdb again. Found staying in hdb more "worth" since I'm a singaporean. But I still missed my childhood kampong "landed" house. I think (mind not functioning well lately)5yr mop for new flat introduced sometime in 1996 or 1997. bepgof, at 1992, I'm still underage. HDB will not allow me to buy any HDB Share this post Link to post Share on other sites
LPG 0 Report post Posted March 28, 2011 this rule is for BTO (aka NEW HDB) correct ? what if you've got a resale, stayed less than 1 year and buying pte property (aka condo) MOP is still 5-years for resale flat ? Share this post Link to post Share on other sites
therat 18 Report post Posted March 28, 2011 this rule is for BTO (aka NEW HDB) correct ? what if you've got a resale, stayed less than 1 year and buying pte property (aka condo) MOP is still 5-years for resale flat ? New rule. Yes. For all, regardless whether got take CPF grant or HDB loan. As long as u buy HDB new or resale, all 5 yrs MOP. Unless you buy before the rule implemented. Share this post Link to post Share on other sites
dreamhouse 0 Report post Posted March 28, 2011 if you own a HDB, and are unsure of your eligibility, better check with HDB before putting down your deposit/OTP for the private property... or else the $ will be GONE if you are not eligible... you may try to ask HDB for exemption (eg when i stayed in my flat for 4.5 years i wrote to HDB telling them i would like to get a private property that is near to my child's school and i got their green light in about a week) Share this post Link to post Share on other sites
logger 0 Report post Posted March 29, 2011 thank you all for your replies. Appreciate your advices. Share this post Link to post Share on other sites
