4 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

When buying a BTO flat, you may be eligible for the Enhanced Housing Grant (EHG) of up to $80,000 as a first-timer depending on your household income. You may refer to HDB's link here: https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/schemes-and-grants/cpf-housing-grants-for-hdb-flats/firsttimer-applicants

When buying a resale flat, you may be eligible for a Family Grant of up to $50,000, EHG of up to $80,000 and Proximity Housing Grant of up to $30,000 as a first-timer. You may refer to HDB's link here: https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/financing/cpf-housing-grants/firsttimer-applicants

Do note, you will be subjected to the Mortgage Service Ratio (MSR) and Valuation Limit when buying a resale HDB flat.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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Aaron Chong
Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, I have a beautiful 5 room flat which just turned 5 years old at Sengkang area and it’s just right beside Farmway LRT. The owner is only asking for 540k.

Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More

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Taufik Hussein
Hi Sir
For a first timer family, you are eligible for Family grant and PHG grnat something which is not available for BTO flat. As which option is better, this depends on your future plans amd current circumstances. There are advantages and disadvantages to both options and not one solution fits eveybody. Do contact me at 93375051 for a free and non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

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Lyna Song
Hi;

It pretty much depends on what's your plan moving forward. There are pros and cons for both options. Yes, next BTO is expected to launch in Aug ( provided no further delay ). Please feel free to contact me for further discussions on the pros and cons on both options as i'm unable to contact you here.. Thanks and have a great weekend ahead ..

Regards;
Lyna Song
9623 8442
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com
https://wa.me/6596238442 Read More

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