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Hi, i am looking for a 5 room resale flat around Tampines or pasir ris but i am not in a rush because i am tying the knot on Jan 2018 & hope to have a house by then.
My question is when do i need to start looking?
and how much cash do i need to fork out?
Fyi our combine CPF is around 120k.
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3 Answers

YT Tan (陈永达)
Good afternoon buyer,

The cash outlay will depend on which type of loan you will be taking.

1) HDB loan, you can loan up to 90%. 10% downpayment can be fully paid by CPF.
2) bank loan, you can loan up to 80%. 20% downpayment must be paid by at least 5% cash and the rest can be by CPF.

You mentioned about Jan 18. It will be your banquet or solemnisation or both?

If you wish to have an unit ready to move in straight after wedding banquet, you are advised to purchase first and renovate if necessary. But by doing so, you have to get your marriage cert ready by second appointment especially if you are obtaining a HDB loan or housing grant.

Perhaps you can email or text me more information so from there, I am able to advise you further. Cheers!

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Evening,

As you are only getting married in Jan 2018, you can have the completion of the purchase at around Nov 2017. Working backwards, you can start sourcing for unit around July 2017.
Based on current ruling, if your combined income does not exceed $12k, you will be eligible for HDB loan and housing grant. Otherwise, you will be required to obtain bank loan. With bank loan, 5% of the down payment have to be made with cash while balance 15% can be made with either cash and/or CPF, based on 80% loan.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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GAN ENG JOO ONASSIS
Hi,

You shall start house hunting latest by May 2017. As property transaction need 3 months, you also need to touch up on the resale flat for specific period.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.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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