BTO vs Resale HDB vs EC

BTO vs Resale HDB vs EC. Thinking about buying BTO, Resale HDB or EC. This is a very big decision to be made, it will consume all your life time commitment mentally and finacially. Thus before you dive into any single one of them . Compare all the option available and contemplate what is the Best option to Fit your situation.

Owning a HDB or a EC, is a Singapore dream to pursue. The Government of Singapore have started HDB 50 years ago, to enable all her residents to have affordable public housing. The Concept work out very well 80++% of Singaporean stay in government build Public Housing called “HDB” .There are grants available provided by the government for eligible resident , as a financial  assistance to purchase HDB  .

Regulations or Restrictions are imposed to protect the Price of Public Housing   to be jack up by speculator .Policies are reviewed from time to time. The Goal is to enable every resident have the ability to afford public housing HDB.

HDB Buyer Can be Categorised as Below

1. First Time Buyers , Married Couple
2. Single Unmarried
3. Joint Family Buyers
4. SPR Family
5. Upgrader
6. Downgrader

Refer the Table belowon BTO vs Resale HDB vs EC to get a better understanding

Description	BTO		Resale HDB	EC
Lease Terms	2 Room	Others	99 Years	99 Years
	45 Years	99 Years
Average Waiting Time	3 to 5 Years	3 Months after OTP Exercise	3 to 5 Years	3 to 5 Years
Restrictions	Foreigners not permitted to buy unless married to Singapore Citizen At least one Singaporean applicant All applicants must be Singaporean if applying under the Joint Singles Scheme Must be at least 21 years old or 35 years when apply for single Joint Scheme Must fall under HDB Eligibility BTO SchemeCheck here		Only Singaporean and Singapore Permanent Resident applicants who fall under one of the HDB Resale eligibility Scheme Check here At least one Singaporean applicant Complied to HDB Ethnic Integration Quota 21 years old and above	Foreigner not permitted to buy unless marries to Singaporean All Applicant must be Singaporean if apply under joint venture scheme Must be 21 yrs old or 35 yrs old if apply under single joint scheme Must fall under one of the HDB Eligibility scheme Check here
Property Agent	Not Needed Balloted By HDB		Depends on Individual	Sold Direct By Developer
Income Ceiling	3 Room	4 Room or Multi Generation Flat	No	< S$14,000
	< S$12,000	< S$12,000 < S$18,000
Financing	HDB/Bank Loan		HDB/Bank Loan	Bank Loan
Grants	CPF Housing Grant & Special CPF Housing Grant		CPF Housing Grant for Single Additional CPF Housing Grant Family Housing Grant Proximity to Family Housing Grant/li>	Family and Half Housing Grant
Resale Levy	When you buy new subsidies flatCheck here		None	$55,000 levy will be imposed if buying new subsidised BTO or EC from HDB
Minimum Occupation Period before you can Sell or rent out whole unit	5 Years		5 Years	5 Years
Oversea Property Ownership	After 5 Years MOP		After 5 Years MOP	After 5 Years MOP

 

Well this wraps out the Article BTO vs Resale HDB vs EC hopefully you have gain insight on how t make your decision.

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