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Old 06-06-2019, 05:56 PM   #1156
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I am staying in an resale flat now. If I got BTO and taking HDB loan, I know that I need to pay 10% down payment (CPF/Cash). For this down payment, is there any way we can tap on to the sales proceed from selling the resale flat??
Anyone got experience before??
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Old 06-06-2019, 06:04 PM   #1157
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It’s possible provided you have already sold your resale flat and the transaction is already completed , with the cash and cpf proceeds all credited back to you. But meantime .... where you gonna stay while waiting for your bto to built?

I am staying in an resale flat now. If I got BTO and taking HDB loan, I know that I need to pay 10% down payment (CPF/Cash). For this down payment, is there any way we can tap on to the sales proceed from selling the resale flat??
Anyone got experience before??

Last edited by Dream catcher; 06-06-2019 at 06:10 PM..
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Old 07-06-2019, 08:01 AM   #1158
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Hi,

I am now staying in a HDB resale flat with outstanding mortgage loan. If I got a BTO, how does existing mortgage loan affect the new loan that I am taking for BTO??

Any sharing?
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Old 07-06-2019, 08:58 AM   #1159
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It does not affect the new loan directly

It affects the sales proceeds and based on the cash proceeds u need to put 50% if you are taking another hdb loan but if u take bank loan then this does not apply

Hi,

I am now staying in a HDB resale flat with outstanding mortgage loan. If I got a BTO, how does existing mortgage loan affect the new loan that I am taking for BTO??

Any sharing?
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Old 07-06-2019, 09:45 AM   #1160
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Hi! May I know the Q no. for Jurong West currently?
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Old 07-06-2019, 10:38 AM   #1161
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It does not affect the new loan directly

It affects the sales proceeds and based on the cash proceeds u need to put 50% if you are taking another hdb loan but if u take bank loan then this does not apply
After sales, it will be a loss. After pay back bank, all go cpf.
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Old 07-06-2019, 10:46 AM   #1162
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Hi,


Hi,
LEVY FEE
I now stay in resale flat. If I got BTO and I will have to pay levy fee. For this levy fee will it be deducted from the sale of my resale flat in CPF OA account? I will not have any cash proceed from sale of resale flat.
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Old 07-06-2019, 11:03 AM   #1163
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Hi,


Hi,
LEVY FEE
I now stay in resale flat. If I got BTO and I will have to pay levy fee. For this levy fee will it be deducted from the sale of my resale flat in CPF OA account? I will not have any cash proceed from sale of resale flat.
Resale is only applicable if u bought ur resale flat with grant. If u bought it w/o grant, there is no resale levy.

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Old 07-06-2019, 11:41 AM   #1164
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Hi! May I know the Q no. for Jurong West currently?
4 RM 48
5 RM 53
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Old 07-06-2019, 02:42 PM   #1165
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Resale levy is only applicable if you have previously taken grant for your resale. Levy payment is only via CASH. Not Cpf.

Hi,


Hi,
LEVY FEE
I now stay in resale flat. If I got BTO and I will have to pay levy fee. For this levy fee will it be deducted from the sale of my resale flat in CPF OA account? I will not have any cash proceed from sale of resale flat.
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Old 08-06-2019, 11:16 PM   #1166
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Hi,

What's the queue # 4room for Sengkang currently?
Many thanks~.
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Old 10-06-2019, 10:52 PM   #1167
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Just wanna give a shout out to Jurong neighbours to join the Telegram groups and chat!

t.me/jurongwestbto
t.me/boonlayglade
t.me/jurongwest_jewel
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Old 12-06-2019, 01:00 PM   #1168
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Anyone knows what constitutes rejecting your chance to select a flat?

Obviously if no more unit or no more ethnic quota, then it doesn't count.

But what about cases where only left with very few units or all low floors? What is the threshold?
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Old 12-06-2019, 04:27 PM   #1169
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I am queue 867 for Kallang bto and today they send me sms ask me down for appointment to book flat on the 12 July. However they said if all taken up or ethnic quota unavailable they will let me know. Anyone know how high chance will I get to choose?
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Old 12-06-2019, 04:49 PM   #1170
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I am queue 867 for Kallang bto and today they send me sms ask me down for appointment to book flat on the 12 July. However they said if all taken up or ethnic quota unavailable they will let me know. Anyone know how high chance will I get to choose?
Anyone knows what constitutes rejecting your chance to select a flat?

Obviously if no more unit or no more ethnic quota, then it doesn't count.

But what about cases where only left with very few units or all low floors? What is the threshold?
Assuming there are 300 units for the room size of your flat being offered. HDB will usually dish out 3x the number of "tickets" for selection. This is also to buffer for those who have already chosen a flat.

1. Ethnic quota reach - you are literally lan-lan.
2. Assuming the location is so hot. level 2, front door facing carpark, room facing generator people also take, that means that it is unlikely you will get the unit. When I was selecting my flat, I noticed a consistent pattern. Since HDB gives out 3 times the queue numbers, if you are within the final percentile / the lowest percentile section, you can literally wait for another ballot. You would roughly know when you are tracking the units daily and you will have a feel if you are going to get the best unit from the lousiest batch.
3. Your HLE is messed up.
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