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.
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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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