Buying Your Second HDB Flat

By : Lim Wei Di
04 December 2018

Looking for a bigger coop for your expanded brood? Here are some of the things you need to consider before getting your second HDB flat!

Buy First or Sell First?

Should you buy a new flat first, then sell your existing flat? Or should you sell your existing flat before buying your next dream home?

If you choose to buy a new flat first, you would need to sell your existing flat within 6 months from the date of possession of your new flat. Remember, you might need some time to secure a buyer for your flat.

On the other hand, if you choose to sell your flat first, you would have to deal with the inconvenience of interim accommodation. If you are buying a resale flat, the existing owners might take a while to vacate their flat too.

BTO or Resale?

Did you know that as a second-timer applicant, you may also be eligible for a new BTO flat with a resale levy? In fact, second-timers who are looking to move near to their parents would be given a priority under the Multi-Generation Priority Scheme (MGPS) and Married Child Priority Scheme (MCPS).

Nonetheless, the waiting time for BTO flats is about 3 to 4 years. You may wish to buy a resale flat if you cannot afford the wait.

Still unsure? Read our article on how to choose between a BTO and resale flat.

Property Agent or DIY?

If you are thinking of getting a resale flat, you could either enlist the services of a property agent, or manage the process yourself, including the purchase transaction. 

As house-hunting is often a tedious and time-consuming process, roping in a property agent can lighten your load significantly. To ensure that you are not blindsided at any point during the transaction, you should still familiarise yourself with the procedures and regulations for the sale and purchase of a flat.

Do-It-Yourself (DIY) transactions are becoming more popular, as online listings, information on transacted prices for resale flats, the neighbourhood and its development plans are now easily accessible online. Be sure to check out HDB Map Services and the HDB Resale Portal for a step-by-step guide, if you are thinking of going down the DIY route. With the streamlined process on the HDB Resale Portal, managing the transaction on your own is easy and convenient. The transaction could take as little as 8 weeks!

Estate Renewal/ Upgrading Plans

The 5-year Minimum Occupation Period (MOP) will apply for your second HDB flat. To be sure that your next flat meets your family’s needs for at least the next 5 years, check out URA’s Master Plan to find out more about the future development plans for your prospective neighbourhood.

If you are getting a resale flat in a mature estate, do also check if there are any existing upgrading or estate renewal plans for the flat’s precinct. The liability on the upgrading cost will fall on the new flat owner at the scheduled billing date of the invoice.

Drop us a note at if you have any questions on buying an HDB flat as a second-timer.

Tags: Second-timer,




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