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Hi Agents,

I am Singapore Citizen and my spouse is on Work Permit.

I like to know what kind of housing grant whether I am eligible for.

I am looking for housing near to my parents.

I like to know the following;
i) the maximum amount and value of grant I can obtain. (non-citizen, living near parents)

ii) the amount of CPF loan I can obtain

iii) the amount of CPF monies I can use

I understand my spouse is non citizen and not eligible to make housing payment from CPF or obtain CPF loan.

Our gross monthly income is $5,000.00

Kindly advise the type of housing we are eligible for (i.e 3/4 room).

Also I like to know the amount of cash I need to make upon the purchase.
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3 Answers

Choo Jia Ming
Replied
Dear Stefan,

You may like to explore to apply HLE to understand the loan amt that you are eligible

You would like to work with someone who look after your interest and advice you accordingly

If you and I are able to discuss further, please let me know.

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
CEA Salesperson reg. no: R026370F Read More
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Johnny Goh Mui Huat
Replied
Hi Stefan,

You will be buying under foreign spouse scheme, and the grant you are entitled is $11,000 (single grant). This is regardless whether you live near your parent or not.

However, if your wife managed to get PR status, you can top up another $9,000 to make $20,000 if you stay near parent, or top up another $4,000 to make $15,000 if not staying near parent.

You can buy any flat type as long as it’s within your budget. Regard to how much loan you can get, I advise that you apply for HLE to find out.

Typically if your are buying using HDB loan, the cash that you need is probably COV + agent fees. So should around $30,000 to $40,000 depending on the COV. This is provided that your CPF is sufficient to pay for the 10% downpayment, stamp duty and legal fees.

Hope I had answered your question.

Feel free to contact me if you required any assistance.

Thanks and Regards
Johnny Goh
Group Director
Dennis Wee Realty Pte Ltd
CEA registration number R018297H
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More
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  • SS
    Replied
    Hi Johnny,
    I understand that the bank approved loan is 80% of the valuation. It is excluding the COV. The COV, and misc(stamps and agent fees) should be estimated at ard 30-40k, and I should pay this strictly by cash. Please correct me if I am wrong.

    If I am approved a HDB loan (from my HLE application, and the approved amount is lesser than the 80% of the valuation. Does that mean I have to fork out additional amount to cover? Am I able to get extra financing to cover the amount? I am kinda worried that my HLE approved loan amount is lesser than 80% of the valuation.

    I have been told that out of the total valuation. Only 80% is payable with HLE. 15% is payable by CPF. 5% is by cash.

    I do not understand what you meant when the CPF is sufficient to pay for 10% instead of 15%.

    Please advise.

    Best Regards,
    Stefan
Catherine PANG
Replied
I conduct on line HDB financial calculation and training on selling and buying process for my associates. Call us at 9680 4288  for an opinion www.catherinepang.com Read More
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