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Dear Gurus,

I have a few questions which I hope you could help me to clarify.

1. Can PR holder for both husband and wife with 2 children eligible in buying HDB?
2. What is the different between open and resale market?
3. Is there an income ceiling for eligibility in buying HDB? Our combine gross income is S$10k per month.
4. Is there a clause whereby PRs can only buy HDB over 10 years of construction age?
5. What is the max amount PRs are allowed to loan from bank and at what interest rate?
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6 Answers

Hi Mr Ainsley,

2 PR who are husband and wife are eligible to buy HDB from open market. Flats from the open market refer to resale units whereby exisiting owners meet the minimum occupation period to sell.

There are no income ceiling when buying resale units. Income ceiling only applicable to Sinaporean who purchase subisided HDB flats.

The old regulation requires Singaporean who bought subsided flat to meet 10 year occupation period prior to selling. This have been adjusted to 5 years already.

Banker will need to access your ages, incomes and others financial commitments to decide the amount of loan. Maximum loan the banks can provide will be 90% of the valuaion price. As for the interst rate, it depends on type of packages you take up from banks. Currently rate estimate between 2% to 4%.

There do have many other issues such as usage of CPF fund, COV, stamping fees, legal cost, etc whereby you need special advices from professional agent.

Do contact me at HP 90256676  for no obligation discussion.

Regards

Terence Lee
www.residential.myweb.sg
email: property.candh@yahoo.com.sg
HP: 90256676  Read More
0
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"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
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WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (*) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

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* You can reach me at my Singapore mobile: (65) 9856 9255 

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