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Hi Agents,

My spouse just got the in-principle approval for PR. I am a Singapore citizen.

Therefore would like to ask, if we are eligible to participate in Sales of Balance Flats?

I believe buying from the open market should not be an issue as both of us are working and hence be able to afford a higher loan amount from the banks. Now with regards to buying resale, is an in-principle approval for PR sufficient for bank loan?

Thank you.

Regards
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5 Answers

YT Tan (陈永达)
Replied
Good morning HDB buyer,

It will be best to wait your wife obtain her SPR status before committing into Sale of Balance flats or resale and obtaining bank loan.

Hope my explanations helps!

If you need any assistance in your property purchase in future, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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  • AA
    Replied
    just a quick question regarding the sales of balance flats.

    i was reading somewhere on HDB website that if the combined salary exceeds $6.5k then cannot apply for sales of balance flats in non-mature estates, can only buy 3-room premium in mature estates.

    i don't quite get it. please spare sometime to explain to me.

    thank you.
CK Ang
Replied
Hi, you should be able to purchase resale flat under foreign spouse scheme. Non citizen spouse will only affect the CPF housing grant. My advise is to wait till obtain PR the purchase. You can start to prepare and understand the ground work and the cost details breakdown. Please drop me an email for me to share and assist you from the preparation.

I am reachable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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Aaron Chong
Replied
Hi, yes in principle approval is good enough for the bank. Pls feel free to let me know if you need a banker's contact or any other assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More
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  • AA
    Replied
    Just wondering why I receive mixed reply from the agents here. Some say to wait to get SPR but you say in-principle approval is good enough.
YT Tan (陈永达)
Replied
Hi,

Can you provide the link that you mentioned on?

Thanks!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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  • AA
    Replied
    http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatEligibilitytobuynewHDBflat?OpenDocument#IncomeCeiling

    look under the income ceiling. Since both of our income exceeds the S$5k, meaning to say we can only buy from matured estated?
YT Tan (陈永达)
Replied
Hi,

Because your previous post stated $6.5k income ceiling, thats why I wondered when does HDB has this income ceiling cap.

Yes, if your combined income exceeds $5k, you can't apply for any BTO 3RM or Sale of balance flats in non mature towns/ estates. You have to turn to other options (mature towns/ estates, 3rm premium or 4rm), Sorry for the late reply cause Propertyguru doesn't prompt us if there any reply to our post.

If you need further assistance, can email or whatsapp me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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  • AA
    Replied
    Hi no worries. How about buying a 3room flat say around telok blangah? Does this salary cap applies to resale flats in the open market?

    Thank you.

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