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Hi,

For Single Purchase of Resale HDB, you need to be an single SC and of 35 years and above. There is no income ceiling for application.

However, if you are getting 1st-timer grant or HDB loan, your monthly income cannot exceed 5K, thus you are not eligible for grants or HDB loan. In this case you have to go for a bank loan of 80% of purchase price. Breakdown as follows:

Cash 5%
CPF 15%
Bank Loan 80%
Stamp Duties, Conveyancing & HDB admin fees 3% approx
Agent Fees 1% + GST

May I know which areas are you considering? Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Evening,

You can purchase resale HDB unit using bank loan if you are SC. Hence you will need to prepare funding for 20% down payment where 5% must be cash. The legal and stamp fee can be settled using CPF monies.

Do contact me for further discussion.

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

Good evening buyer,

Great to hear from you.

To be eligible under Single Singaporean Citizen Scheme, you must be a Singaporean citizen.

Are you?

Then you are only eligible to take up bank loan rather than HDB loan because your income exceeds the income ceiling. If you are able to take up 80% bank loan, you need to come out with an initial outlay of around 23% of the purchase price.

1) 5% cash downpayment
2) 15% CPF/ cash downpayment
3) estimated 3% buyer's stamp duty
4) $3k legal fee
5) $200 valuation fee
6) $80 resale HDB submission
7) agent fee (1% of purchase price)
8) $500 stamp duty for mortgage etc

Hope my explanation helps!

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

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Property Avenue Pte. Ltd.
Vice President (Agency)
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner.

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 Overall Top Achievers
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More

Hi, if you are a local, then you are more than eligible to purchase a resale hdb. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Good evening buyer,

Apologies for the late reply. As Propertyguru doesn't prompt me when there's a reply to my post.

I think you must mistaken on the income ceiling. To be eligible for HDB loan or CPF housing grant under Single Singaporean Citizen Scheme, the income ceiling is $5k not $10k. $10k is for most of other schemes like public, fiance/ fiancee scheme etc.

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

Hope my explanation clarifies your doubts.

How can I assist you further in your purchase?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Property Avenue Pte. Ltd.
Vice President (Agency)
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More