wickaninsh 0 Report post Posted January 16, 2011 Hi My parents are planning to downgrade their 4 rooms HDB flat to a 3 room HDB flat which is easlier or there no difference as they tried to get a BTO flat but without success shold they continue to bid or sell they flat 1st so the chances are higher? Share this post Link to post Share on other sites
forgotten 1 Report post Posted January 16, 2011 (edited) 90% of BTO units are reserved for first-timers. Whether your parents sell or don't sell the flat, it will not increase their chance at the BTO ballotings because they are not first-timers. If your parents sell their current flat first, where will they be staying during the next 4 years when the BTO flat get built? Edited January 16, 2011 by forgotten Share this post Link to post Share on other sites
owentch 0 Report post Posted January 17, 2011 Hi My parents are planning to downgrade their 4 rooms HDB flat to a 3 room HDB flat which is easlier or there no difference as they tried to get a BTO flat but without success shold they continue to bid or sell they flat 1st so the chances are higher? Not sure if your parents keen in buying from resale market? If yes, they may want to find out more about ECF Extract from HDB page - Enhanced Contra Facility (ECF) enables you to sell your existing HDB flat and at the same time buy another resale HDB flat using the sale proceeds and the refunded CPF monies. The ECF is jointly implemented by the Central Provident Fund (CPF) Board and the Housing & Development Board (HDB). HDB direct link http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/...CF?OpenDocument Share this post Link to post Share on other sites
wickaninsh 0 Report post Posted January 19, 2011 Thanks for the info But am lookin on BTO cos the price diff for resale is not worth downgrading Share this post Link to post Share on other sites
