AskGuru Q&A Community

Hi,

Below are my responses :
1) No need to wait since there is an SC in the application.
2) If 1st timer, 15k grant.
3) It depends on whether you take hdb or bank loan.
4) Yes SOB you have to wait for the exercise to open. Chances are slim because the application rate is always oversubscribed due to less waiting time required for flat to TOP.

Thanks and hope to assist with your purchase further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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(Client's Testimonials) Read More

Happy new year to you, buyer!

1. You don't have to wait till he obtains SPR or fulfill SPR status for 3 years to be eligible to purchase a resale HDB. In fact, you can purchase one with him under non citizen spouse scheme.

2. If both of you are first timer, you will be eligible for family grant up to $20k (SC/ SPR household) if your combined income is up to income ceiling of $12k. You can apply for Additional housing grant if combined income is less than $5k.

You will be eligible for proximity housing grant if your parents are living with you or within 2km or same town as your resale HDB.

3. Amount of downpayment will depends which type of loan you are taking.
- HDB loan. 10% can be fully paid by CPF OA
- bank loan. 5% cash and 15% CPF/ cash.

4. For SBF selection, you will have to wait for the launch to choose your ideal unit.

Hope my explanation helps!

If you need further 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

Afternoon,

If you are buying resale HDB unit, near parents, with SPR spouse, with combined income of less than $12k, you will be entitled to $20k plus $20k. Both of you do not need to wait for 3 years as you are SC. As for how much downpayment is required, that would depend on whether you are taking HDB loan or bank loan. With HDB loan, downpayment will be 10% while bank loan would require minimum 20% downpayment, depending on your income, credit status and age of the unit that you are buying. As for SBF, you will need to wait for new release before you are eligible for the application.

Do contact me further for additional assistance.

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

Hi there!

1) You are a SC, so there's no need for the waiting period
2) If both of you are first timer, $15 if he still haven't got his PR, $20k for (SC/SPR household) provided both your income don't hit $12k .
For more info on CPF grants: http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/cpf-housing-grants-for-hdb-flats
3) Upon approval of HDB Loan of 90%, 10% can be paid by cash or CPF OA. If by bank loan, 5% cash, 15% CPF OA. I have various bank contacts who are very experienced and reliable
4) You have to wait, information over here: http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/bto-sbf

Hope this helps!

John Tan YS
ERA Realty Network Pte Ltd
R012788H
facebook.com/johntys
powersginvest.com
 +65 9633 8431  Read More

Hi,

Re: Our Preferred Experienced SG Realtor

You can apply for HDB since there is an SC applicant. Do not need to wait for the PR result.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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