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Dear agents, we are SPR couple looking for resale HDB. Understand that government has put a rule that SPR must wait for 3yrs before they become eligible. My question: - Is 3yrs period applied for each, or either one? In our case, one has become SPR for 1yr and the other one is 6yrs. - Assuming 0 COV and 80% bank loan, how much (in percentage to the property value) do we need to prepare to cover initial payment? - If we have $80K in form of saving and CPF, can we afford 2 bedders that is located in vicinity of MRT station? Many thanks!
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1 Answer

YT Tan (陈永达)
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Good afternoon, Both of you have fulfilled SPR status of 3 years each before you are eligible to purchase resale flat. If you have $80k CPF and cash for 20% downpayment and stamp duties (BSD and ABSD), you will only be able to a $300k property which is hardly able to be found in Singapore now. Hope it helps! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
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