facebookIf you own a private property when you are 22 yrs old. Can you still buy BTO fm HDB n sell off yr private property? - Seedly

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Vivian

19 Dec 2019

Property

If you own a private property when you are 22 yrs old. Can you still buy BTO fm HDB n sell off yr private property?

If you own a private property when you are 22 yrs old. Can you still buy BTO fm HDB n sell off yr private property?

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Elijah Lee

21 Nov 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Vivian,

You won't be able to. You'll have to sell off your private property and wait 30 months prior to applying for a BTO.

The official word from HDB is as follows:

For a new flat application, all the listed owners and essential occupiers must not own, dispose, or have an estate or interest in any other local or overseas property:

  • Within 30 months before the date of the new flat application, and up to the date of taking possession of the new flat

You'll probably need to dispose a property, and move in with your parents or rent for a while before applying for a BTO

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