Asked by Anonymous
1st-timers S'poreans wish to get a resale flat this year ideally near parents' place in TPY. Can't afford the "newer" flats in TPY yet not keen to stay at the other old flats. Please advise:
1) Is it wise for young couple w little CPF to get resale instead of BTO/SBF?
2) How's the market price now for resale? Good time to buy now or shd wait for prices to fall?
3) Bank loan vs HDB loan for a self-employed of 1 year+ - What docs are needed, how long is the process, how much loan can we get etc? Pls explain the difference btwn bank vs HDB loan.
- Husband is holding a regular job with CPF contributions. Combined income range btwn 6-10k/mth
4) Is it worth it to get such an old flat in TPY yet so expensive? Or get a 4rm elsewhere w/o proximity grant? What are e potential issues of selling off an old flat 5-10 years later?
5) Please explain simply, how we can do the calculation of the % that we can use CPF to pay for flats older than 30+ years.
Thanks in advance gurus!
1) Is it wise for young couple w little CPF to get resale instead of BTO/SBF?
2) How's the market price now for resale? Good time to buy now or shd wait for prices to fall?
3) Bank loan vs HDB loan for a self-employed of 1 year+ - What docs are needed, how long is the process, how much loan can we get etc? Pls explain the difference btwn bank vs HDB loan.
- Husband is holding a regular job with CPF contributions. Combined income range btwn 6-10k/mth
4) Is it worth it to get such an old flat in TPY yet so expensive? Or get a 4rm elsewhere w/o proximity grant? What are e potential issues of selling off an old flat 5-10 years later?
5) Please explain simply, how we can do the calculation of the % that we can use CPF to pay for flats older than 30+ years.
Thanks in advance gurus!
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