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Thread: Need to downgrade

  1. #1
    Join Date
    Jan 2020
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    6

    Default Need to downgrade

    What should I do if I want to buy an HDB flat but I'm currently living in a condo. Economy not good. Need to downgrade

  2. #2
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
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    Default Re: Need to downgrade

    Quote Originally Posted by michlle123 View Post
    What should I do if I want to buy an HDB flat but I'm currently living in a condo. Economy not good. Need to downgrade
    1. Buy resale.
    2. If you did not take 2 cherries can wait 30 months, buy BTO.
    3. Rent out Condo, Rent HDB.
    4. Rent out Condo, Rent condo up North.

  3. #3
    Join Date
    Jan 2020
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    6

    Default Re: Need to downgrade

    Carousell, propertyguru, trubid.sg are some websites that i can think of

  4. #4
    Join Date
    Oct 2012
    Posts
    526

    Default Re: Need to downgrade

    If own private and rent out, can apply for BTO meh?

  5. #5
    Join Date
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    Default Re: Need to downgrade

    Quote Originally Posted by Werther View Post
    If own private and rent out, can apply for BTO meh?
    30 months after selling private

  6. #6
    Join Date
    Jan 2020
    Posts
    4

    Default Re: Need to downgrade

    Hmmm.... If you need to downgrade, you will need to sell off your condo first before buying the HDB as the regulation is Singapore does not allow you to buy condo and then buy HDB. For selling off the condo and buying the HDB, can consider to engage an agent as they are the professionals and they will be able to assist you properly in the selling of your condo and the purchase of the HDB.

  7. #7
    Join Date
    Jun 2009
    Location
    Southbank
    Posts
    9,531

    Default Re: Need to downgrade

    Quote Originally Posted by dominiclimrocks View Post
    Hmmm.... If you need to downgrade, you will need to sell off your condo first before buying the HDB as the regulation is Singapore does not allow you to buy condo and then buy HDB. For selling off the condo and buying the HDB, can consider to engage an agent as they are the professionals and they will be able to assist you properly in the selling of your condo and the purchase of the HDB.
    "you will need to sell off your condo first before buying the HDB" - Correct when buying BTO and need to sell and wait for 30 months, if buy resale do not need to sell condo first but need to sell condo after buying HDB within 6 months.

    https://www.hdb.gov.sg/cs/infoweb/re.../buying-a-flat

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