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Hi, for SPR purchasing a HDB flat, you and your spouse will need to be a SPR for at least 3 years. And yes you would be required to dispose off your overseas property or to transfer the ownership away.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi

1) Generally, you will have to dispose of any property you may have. 2) The housing grant and HDB loan are availed to citizen only. 3) You may appeal and the decision is with HDB.

You may want to text 9620 0827  for a casual chat.

Regards

Gavin Read More

Hi,

To be eligible to purchase a HDB flat, you will need to be married, and both you and your spouse will need to be at least 3 years SPR.

Otherwise, you can consider private properties instead.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

1) You may proceed to purchase but will sign an undertaking letter promise to sell your overseas property within 6 months.
2) As SPR, you can only apply for a bank loan. A housing grant is only available if there is an SC in your family nucleus.
3) You may appeal for a longer period in the event you have difficulty finding a buyer. You will have to show proof of selling it at a reasonable market price, and utilize all marketing resources available. HDB will have the final say on this.

More...
1) Only SPR married couple, with or without children, and who has already hold SPR status for more than 3 years is eligible to purchase a resale HDB.
2) Maximum bank Loan-To-Value is 75%. You have to prepare at least 5% cash, 20% cash, and/or CPF for your downpayment.
3) Other costs such as:
a) Buyer stamp duty (~3%) [CPF if sufficient]
b) Additional Buyer stamp duty (5%) [CPF if sufficient]
c) Legal fee: ~$1,500 (cash)
d) miscellaneous: ~$1k (cash)
e) Mortgage stamp duty: $500 [CPF if sufficient]

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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