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Hi,

Congratulations on new milestone.

You can only qualify for 1st timer grant of 30k and HDB loan if your household income is 12k/mth & below. The typical breakdown for a 1st timer couple is as such (if you can qualify for HDB loan)

10% CPF
90% HDB loan
3% approx stamp duties and legal fees
1%+GST for commission
HDB admin fees approx 500
Cash over Valuation (if any)

The last 3 items will be only in the form of cash. Do note both your CPF OAs will be fully drawn down and utilized if taking HDB loan.

For the Proximity Housing Grant (PHG) of 20k, you must be purchasing within the same town or within 2km of your parents place.

The whole process can take about 9-12 months (from house search to move in), hence its actually a good time to start.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

--- HDB Flat Buyers Mr. & Mrs. Lau ---

"As 1st-timer Buyers we had plenty of questions, and were uncertain on how best to proceed. A discussion with Ivan cleared our doubts and our plans could progress quickly. We are comfortable with his working style as he is not pushy, and tries to think from our point of view.

It took us about 8 months & at least 30 viewings to find something ideal, & Ivan was always happy to 'house-hunt' with us, always emphasizing "Don't worry, suit you then buy. Important is that you all buy happy & parents endorse the unit".

Eventually, we got our ideal unit, negotiated below valuation. The financial planning calculations were smooth, breakdown was detailed and schedule of payments illustrated clearly so we know what to expect at each phase.

Every phase of hdb process & timeline was explained in detail & hassle free. If you're looking for an agent who is professional & patient, can give Ivan a call. He values the long-term relationship and looks out for your interests. Thanks Ivan and see you at our housewarming!" Read More

Hi

1) In any property purchase ie HDB, there will be a sum of cash needed. 2) Housing grant is available to 1st Timer subject to the prevailing housing policies.

With regards to item 1 & 2, we may assist you in doing a pro-forma buying and closing cost including the grant for your understanding.

3) There will be a timeline for the submission of marriage certificate and 4) the search to completion.

Will address these in the transaction time frame.

If you may write to gavin.ng@orangetee.com or call 9620 0827  , we will address your concerns accordingly.

Regards

Gavin Read More