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Good afternoon Kelly,

i replied your earlier post.

Since you have finances on hand estimated $400k, if both of you are eligible for housing grants, $430k to $480k shouldnt be a problem even without a loan.

As for your freelance business, you will have to file your income tax next year in order for bank to recognise it.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi Kelly,

Based on the information provided, it is definitely feasible (and comfortable) for both of you to purchase a flat that is within $500k range.

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 Kelly,

1) You may refer to below on the document needed for HDB loan:
https://www.hdb.gov.sg/cs/infoweb/residential/financing-a-flat-purchase/housing-loan-from-hdb/income-guidelines-and-other-documents

2) In summary it is as follow on different types of active income:

(a) Employed persons (with mthly CPF contribution):
(i) 3 mths payslips
(ii) Employer certified job designation, commencement date, and salaries for 3 mths preceding the mth of application.
(iii) Latest 15 mths' CPF contribution history

(b) Employed persons (w/o mthly CPF contribution):
(i) 6 mths payslips
(ii) Employer certified job designation, commencement date, and salaries for 6 mths preceding the mth of application.
(iii) Credit bureau report
(iv) Latest 6 mths bank statements/passbook

(c) Seif-employed persons:
(i) Latest NOA from IRAS
(ii) Credit Bureau report
(iii) Latest 6 mths bank statements/passbook

3) Since your fiance only just started his new job, if his income type is monthly CPF contribution type. You can wait for 3 mths before applying for the loan.
4) You are being very realistic in your expectation.
5) $430k~$480k should be able to find 4-rm HDB flat about 60+~70+ yrs remaining lease (which is 20+ ~ 30+ yrs old).
6) Those 4-rm flats just MOP are going at ~ @ or >$500k.
5) I would recommend to loan as much as possible and reserve your cash portion for other purposes.

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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