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HDB BTO

HDB Resale

Anonymous

Asked 2w ago

HDB Flat?

I have a few questions which I am not sure about it:

1) For resale flat, can I use the money inside CPF to pay for it? If yes, is there a maximum amount that I can use?

2) Does applying for Sales of Balance counted as a chance for applying BTO? As I am concern that the sales of balance unit isnt that attractive but I do not want to waste the 2 chances of applying for BTO.

3) HDB loan or bank loan will be more ideal when purchasing a flat?

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1) For resale flat, can I use the money inside CPF to pay for it? If yes, is there a maximum amount that I can use?

  • Yes you can use all your OA subject to the withdrawal limit which is 120% of the valuation price of your hdb.

2) Does applying for Sales of Balance counted as a chance for applying BTO? As I am concern that the sales of balance unit isnt that attractive but I do not want to waste the 2 chances of applying for BTO.

  • Yes it is.

3) HDB loan or bank loan will be more ideal when purchasing a flat?

  • If you want to get 90% loan, go for HDB loan.

  • If you want to pay minimal cash, go for HDB loan.

  • If you want low interest rate, go for bank loan.

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3 more comments

Caleb Seah Hua Xiang
Caleb Seah Hua Xiang

2w ago

Whatever that you buy from hdb directly is considered subsidised housing. So next time you'll be considered 2nd timer. Will be tax for resale levy and also in least priority
Question Poster

2w ago

Oh understood. So is it if i apply and manage to get a queue number, it will be consider an application already? But if i did not get a queue number that means the next time is still consider 1st timer?
Thank You!
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