HDB

• Selective Enbloc Redevelopment Scheme (SERS)
• Voluntary Early Redevelopment Scheme (VERS)
• Housing Urban Development Corporation (HUDC)
• HDB loan is NOT subsidised housing
  • It is an entitlement
• Grant, BTO/DBSS/EC = subsidised housing

GREATER $25K POLICY for 2nd HDB loan:

the amount will be reduced by the CPF balance/refund and up to half of the cash proceeds from the sale of a current or an immediate past flat. Flat buyers can keep the greater of $25,000 or half of the cash proceeds (including the cash deposit received).

• Sale CASH proceeds can only keep max($25k, 50%)
• If want keep all, don’t take HDB loan

• Intent To Sell
  • 7 days COOLING-OFF period
  • Don’t blame the agent..
    • Many cases buyer/seller blame agent
• Deposit max $5k, the norm:
  • Option Fee $1k
  • Option Exercise Fee $4k
• Option expire 3 weeks, 4pm
• HLE -> HFE
  • Use HDB portal
  • Consider 12m income, ending 2m ago
  • Must be working
• 1 portal for BTO & resale
  • Can DIY, guided step-by-step
• The portals
  • https://services2.hdb.gov.sg/web/fi10/emap.html
  • https://services2.hdb.gov.sg/webapp/BB31AWEstateAgent/BB31SMain
  • https://services2.hdb.gov.sg/webapp/BB31ERESALE3/BB31SMain
  • https://services2.hdb.gov.sg/webapp/BB31AWDashboardWeb/BB31PLogin.jsp
  • https://homes.hdb.gov.sg/home/landing
  • https://iam.hdb.gov.sg/common/login?spcptracking=1677367869249__99cc_adb7159a6645
• Shophouse = commercial AND residential
  • Loophole: foreigner can buy, but pay ABSD for residential portion

Plus Flat

• Only Singaporeans
• 30m wait-out for private owners
• Resale buyer income ceiling $14k
• MOP 10y

2-rm Flexi

Short term lease:

• More than 55yo
• Age + lease = at least 95

99-lease:

• Singles, more than 35yo
• Normal BTO policies

Decoupling

Restrictions Against Hdb Decoupling From 2016, MMDDFL:

1. Marriage
2. Medical Grounds
3. Death Of An Owner
4. Divorce
5. Financial Hardship
6. Loss Of Citizenship

ABSD

• Remission conditions:
  • For 2nd purchase (not 3rd)
  • Joint Purchase with 1 SC
• IRAS table
  • SC + PR/FR buying 1 property can refund the 5%/60%, as the “legal representative” is the SC (0%)
• BSD/ABSD can use CPF – because got collateral
  • SSD cannot use CPF – because cashing out already