You are assuming everything happens smoothly, which is almost impossible, let me breakdown timeline.
- Market private property (I am assuming your unit is a rental unit) in November, sold on the day itself or within 2 weeks, buyer exercises within 2 weeks -> this is very unlikely unless you sell below market price, rental units are super hard to sell. Also, is your private property in Singapore or not?
- 30 Months from End november/Early december = End May to early June where you are eligible to BTO
- Based on current situation, BTO launch is in July, most BTO launches are more than 3 years, around 4 years to build, meaning you will be past 55 when you collect your BTO.
- Add in renovation because the BTO is empty
- Your child is 1 years old now, means your child will be 7 years old+ by the time you collect your BTO keys, add renovation etc your child will be 8 years old+. At that age, they won't be running as much already.
My Thoughts
- Your rationale of getting a 4rm BTO is because you want to give your child a space to run, if you BTO, your child will be past the run around house age phase already
- Why not sell both your HDB and investment property to get a proper 4rm resale HDB instead.
- Meaning : Sell your private property, then time your studio HDB to sell 3-4months before the 15month cooling is up, then buy a resale 3 or 4 rm HDB
- It is not easy to BTO, have seen people who ballot 5 times, 6 times, 10 times. Sometimes they get a queue number, but its like 300/315 kind, each exercise you miss its a +4-6 months wait. Furthermore when you ballot, you only get your results like 2 months later, and if you are the 300/315 kind, you might need to wait another 1-3 months or more before you are called down to see what units are left.
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