HDB resale

For some, resale HDB is very much a good investment because of the lack of supply. There are also experts who say that a resale HDB flat is for owner occupation and should not be viewed as an investment.

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It will return to HDB after 99 years.

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The maximum deposit to pay upfront for resale HDB is $5000. Anything that is beyond the valuation has to be paid in cash. About 85% is loan covered and about 15% needs to be paid upfront.

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The valuation is a very integral part to calculate the cost of a resale flat. The valuation depends on the HDB assigned valuer.

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The CPF needed for resale depends on the price of the house. Given he can take a loan of about 85% based on his income capacity, he needs to standby 15% of the valuation.

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Yes, you can reserve all or part of your OA savings before you turn 55 to buy a house after 55.

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The matter of which is better between BTO and resale depends whether you need a home urgently or you can afford to wait. There are grants available to help buyers buy a resale flat. Depending on the amount of grants, this can potentially make the price of a resale flat similar to a BTO flat and make a resale flat more appealing.

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A BTO, given generous subsidies by the Government which can range from 15% to 35%, is much cheaper vs resale. It also depends on the district location. BTO can be cheaper by 100,000 to 200,000 vs resale.

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There is no limit set to how many times one can buy resale HDB. That means you can buy resale HDB as many times as possible but the waiting time right now is five years.

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Yes, resale flats can be rented out after five years of physical occupation and ownership, which is the minimum occupation period (MOP).

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You are encouraged to sell your HDB flat back to the resale market. You can sell HDB flat back to HDB in certain scenarios: financial reasons, if the owner is no longer a Singapore citizen, etc. HDB will take it at a lesser price.

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