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Morning Patrick,

The proximity housing grant or first timer grant are meant for Singapore citizen. Being SPR, you must be holding onto that status for more than 3 years and must be married to another SC or SPR who have fulfilled 3 years on SPR status before you are eligible to purchase resale HDB unit. You will only be eligible for bank loan.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Patrick
Please contact me at 91442664  . I would love to go into detailed discussion on the financial side with you.
You can pm or call me at 91442664  .
Tricia Tan
www.triciatan.myweb.sg Read More

Hi Patrick,
You are right, you are eligible for 20K grant.

To assist and advise more in details about the grant and the procedures, kindly drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good afternoon Patrick,

You will be eligible for HLE as long as your combined income ceiling is up to $12k and at least one applicant is a Singaporean.

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/HLHDBWho?OpenDocument

As a first timer, you will be eligible to $20k family grant (SC/ SPR household).

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatCPFGrantFamily?OpenDocument

You will be eligible to proximity housing grant of $20k if you fulfill the criteria.

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatProximityHousingGrant?OpenDocument

The applications for housing grants will need to be approved by CPF board. Once approved, they will be transferred to your OA accounts before withdrawal for the purchase.

If you are taking HDB loan (90%), your 10% downpayment can be fully paid by CPF OA funds.

But if you are taking bank loan (80%), your 20% downpayment will be 5% cash and 15% CPF OA funds/ cash. It is based on $400k and not ($400k - $20k).

Hope my explanation helps!

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

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More