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Good morning Sir/ Mdm,

You will be eligible for $40k CPF housing grant if you decide to purchase up to a 4RM flat (since you are eligible for HLE, your income should be below income ceiling of $7k).

You might be eligible for enhanced housing grant and if you choose to stay near parents or within 4km from them, you will be eligible for $10k proximity housing grant.

Your budget should be around $640k to $650k if we factor in $40k housing grant and buyer's stamp duty.

Sorry to inform it's not possible to buy a resale HDB with zero cash but minimal cash yes.

You need to fork out cash for the following:
- $5k option deposit
- $120 valuation fee
- $80 resale application fee
- legal fee
- agent's commission (min 1% of purchase price plus gst)

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Good morning,

If your gross monthly income is $7k and below, you will be entitled to 1st timer 40k grant if you buy 4-room size and below, and if you are eligible for single singaporean citizen scheme. There may also be proximity housing grant of 10k if you buy within 4km of your parents place.

Your purchase price should be around $640k since you have to factor in stamp duties and legal fees as well. As for the cash portion, there may be COV still payable for flats that are in good location and well renovated due to demand being more than supply. There is also an agent success fee of 1% of purchase transacted price + GST (payable in cash) for engaging an agent for the process.

I have helped various homeowners to purchase their first place. Look forward to discuss further. Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes it is possible and you would be eligible for grant too if your monthly gross is at 7k or less.

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

Hi

The grants are avail only to Singaporean. For single you can apply for 1) CPF Housing Grant, 2) Enhanced CPF Housing Grant and 3) Proximity Grant. HDB can confirm your eligibility to the grant.

You may text 9620 0827  for a casual chat. We can guide and assist you for the rest of the question.

Warmest regards

Gavin Read More

There will be a minimal cash component involved in every resale transaction and it will be good to have at least $5,000 in cash as preparation for the Option Fees. Given your declared income here, you should be able to get your housing grant of $40k if you purchase a 4 room flat, thus your purchasing price should be around $620k to be very comfortable.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi,

1) Your grants entitlement is as follows if the conditions are met:
(a) Single SC (at or above 35yrs old) grant: $40k
(b) EHG: up to $40k (income ceiling up to $4,500)
(c) PHG: $10k (parents' residence within 4km), $15k (staying with parents)

2) You may use the grant and the majority of your CPF funds for the down payment.
3) Reserve some of the funds for buyer stamp duty, legal fees, and $20k to safe keep in OA for rainy days.
4) You should have a sufficient budget for $580k from the preliminary assessment with point (4) mentioned.

5) There are certain items that must be paid in cash only:
(a) Option and exercise fees = $2~$5,000.
(b) Valuation report = $120
(c) Resale application = $80
(d) Fire insurance = $6
(e) Caveat fee = $160.90
(f) Registration fee for land registry = $76.60
(g) Miscellaneous = $15
So the minimum cash you will need = $460.50 ~ $5,458.50.

6) If you engage an agent to assist in the purchase, you will also need to factor in 1% + GST for your cash outlay.
7) You may register your intent to buy to check on how much grant you are eligible for.
https://services2.hdb.gov.sg/webapp/BB31AWDashboardWeb/BB31PLogin.jsp

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
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