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Hi, have question about HDB and private property. I'm Singaporean and have been living overseas for more than 6 years now. When I got married, I purchased a HDB 5-rm flat under Foreign Spouse scheme and I did not take up CPF grant. Have fulfilled MOP to date. We're interested to purchase another landed property in Singapore but we're not sure what's the legality as my husband is not Singaporean/PR. Are we eligible to buy landed house and keep existing HDB flat (for rental with HDB approval)? If yes, can my foreign husband be co-owner of the landed house? If yes, what's the down-payment required by banks these days for purchasing a private property? Thanks!
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2 Answers

Ken Tan
Replied
Hi Mrs Hameau,

If you have fulfilled your MOP date, you are eligible to buy a additional private property without selling your HDB. However, do note that a certain amount will be locked in your CPF during purchase due to ownership of second property.

With regards to your husband co owning the unit, you will have to first obtain an approval from the respective agencies.

For private property, its
- 5% cash
- 15% cash or cpf
- 80% (max) bank loan

- stamp duty (about 3%)

Hope this helps and feel free to give me a call or drop me a mail if you need any help.

Cheers,

Ken Tan
 96461490 
ken_tankw@yahoo.com.sg Read More
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  • DH
    Replied
    Thanks Ken! That was very helpful but it raised a couple more questions. I don't have much CPF left as I have not been contributing (since I live overseas). Most of it was used to purchase my resale HDB. (I pay my HDB monthly instalments with cash) So will they require me to put some funds into CPF in order for them to "lock" it? Also, which "agencies" do we need approval from for my husband to co-own the landed property? Thanks for the cash outlay information.
Johnny Ng Cheng Lim
Replied
Hi

Log in to www.esparinaec.com

New EC @ Compassvale Bow / Sengkang
Near to MRT.

Johnny Ng
 93802560 

HSR Property Consultants Pte Ltd Read More
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