AskGuru Q&A Community

Hi,

1) You have to calculate whether it is worth applying for the grant in the first place.
2) Under SCS; your max grant received is $25k + $10K (proximity) = $35k.
3) If you are buying a 4-rm flat, and you have an intention to apply for BTO or upgrade to a new EC. Your resale levy is $40k.
4) So straightforward calculation means you collect 35 but pay 40. Is this a good bargain for you?
5) But the advantage of buying under SCS is you are qualified for HLE, which means you only need to prepare a 10% down payment and all can be in CPF.
6) Once you joint apply with your fiancee you will not be eligible for HLE and need to prepare a 25% down payment, and 5% must be in cash for the purchase.
7) Whereas for you trying to beat the system to get married before the completion. My advice is better not to test the system.
8) Do note that providing false or inaccurate information to gov staff will lead to a fine or jail or both. I didn't read the terms and conditions of the final document you are signing on the day of completion so not able to give you any advice on that.
9) If you had applied under SCS and one of the docs somehow indicated that you are single and at or above 35 yrs old, while you just got legally married the day before. Should you sign the document or not? I'll leave the decision to you.

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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Hi,

Based on your described situation, I would advise you to only register your marriage after the completion of your HDB flat purchase.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

Based on the info shared, it may be better to purchase under your own single name first and finish the completion first before marriage.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
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