As a young couple , you can apply first and defer the income assessment for the grant and housing loan. Your income will only be assessed around three months before the flat completion.
Or enjoyed other forms of housing subsidy eg. Selective En bloc Redevelopment Scheme , privatisation of HUDC estate, etc. For instance, you have bought a flat directly from HDB or a resale flat using CPF grant with your parents under the Public Scheme or with your siblings under the Orphans Scheme. You may have bought it with a family member to pay the mortgage.
But if you’re planning to get a BTO flat, owning a subsidised flat can disrupt your plans. Firstly, there’s the five-year MOP that you have to fulfill after taking over the flat. This should also satisfy theOn top of that, since you’re planning to buy another subsidised flat, you’ll have to pay the resale levy and be considered a second-timer.
But if you have been invited to book a flat twice and rejected both chances, you’ll have your first-timer priority suspended for a year. So during this one-year period, you can still apply for a BTO flat, but you won’t get to enjoy the first-timer priority. Besides this first-timer benefit, you’ll also have to wait for one year before you can apply or be an essential occupier for the following:An EC bought from a developerPlus, you have to forfeit the option fee if you have paid for it and 5 per cent of the purchase price .5. You broke up after the key collection
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