Can 2nd timers apply for a BTO? - Seedly
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Soon Paoseng

Asked on 07 Nov 2019

Can 2nd timers apply for a BTO?

Will we have any restrictions?

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Vivian
Level 4. Prodigy
Answered on 21 Nov 2019

For a 2nd timer, you will have to pay HDB a certain percentage of your sales proceeds depending on the type of housing you have. I had to pay 20% of my sales proceeds to HDB when we bought a 5 room flat directly from HDB. Regretted it, should have bought a resale flat instead.

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Alvin Teo
Alvin Teo
Level 6. Master
Answered on 07 Nov 2019

Yes. But lesser ballot chance, so technically harder to get.

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Teo See Hwa
Teo See Hwa

24 Nov 2019

Depends on the Demand, now 2020 is the best time.