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Dear Sir/mdm,

Currently my partner and I are planning to get married and starting to look for a house.

Both of us are first time buyer but are earning a combined income of slighly below S$12,000 (will be above S$12,000 next year due to expected salary increment).

I have think of some solutions but not sure if they are viable:

1) Can I proceed to buy a resale house under the joint single scheme if my salary is above S$5,000 (the other joint applicant is not working thus no salary)? Can I also be entitled to government subsidy?

2) Can I buy a Executive condominium by getting a HDB loan and be entitled to the government subsidy?

Thanks
Worried and Confused
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1 Answer

The S&P process needs careful and confident planning in financial, timeline and checklist especially HDB, CPF, bank and lawyer etc. Recently my client 'suddenly' bought a dream condo while 'holding on' to a HDB flat.
They needed the extra 'funds' for the condo.
Hence, after a series of planning, discussion and deliberation, they finally decided to sell their HDB unit.
Engage an agent if you expect a consistent S&P process.
The stress relief effort is enormous and the commission is insignificant.
Check this site: www.catherinepang.com Read More
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