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Hi,
If you are looking to buy a HDB flat, the best is to have a 12month consecutive working stint before trying to apply for HFE. Otherwise, you will not receive all the grants as advised. So, please wait. Also, choosing the right BTO for your future is also very important. So, please do not rush.

Please contact me so that I can be of further assistance.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Since both of you are working now, excluding housing grants, you should be able to obtain a housing loan at least from a bank with at least 3 months income statement. The only consideration will be your application for housing grant if you are looking at resale units, as they will require 12 months income assessment.

Key thing is if you are working on any timeline? Ultimately going for BTO will still have an element of luck applicable, whether you will get a good queue number in order to select your choice unit or not.

A resale option will allow you to be more in control of the unit you are buying and if you are not intending to use any housing grant first, you will still be considered a 1st timer at a future BTO exercise.

There is no perfect plan in this, but if you fail to plan, then it means you plan to fail. All the best! Read More

**ii) Wait till next year to fulfill 12 consecutive working months:**

* **Pros:**
* You'll likely be eligible for the maximum amount of grants, potentially increasing your affordability.
* **Cons:**
* You'll have to wait longer to secure a BTO flat, missing out on the upcoming exercise.
* There's no guarantee that future BTO projects will be in your desired location or offer suitable flat types.

**iii) Apply for Resale Flat:**

* **Pros:**
* No need to wait for BTO construction, you can move in sooner.
* Wider selection of locations and flat types.
* You might still be eligible for some grants, like the Family Grant and Proximity Housing Grant.
* **Cons:**
* Resale flats are generally more expensive than BTO flats.
* You might encounter Cash Over Valuation (COV), requiring additional cash upfront.
* Competition can be high for popular resale flats.
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