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Hi, If I'm the current owner of a resale flat (bought without grants, bank loan) - I'm a first time buyer, while my husband has already purchased HDB twice using HDB grant, are we eligible to purchase another resale flat, e.g. maisonette? And if so, what would be the downpayment required? Thank you.
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2 Answers

Mike Lim
Replied
Evening Gracie,

I would presume that you have purchased your current unit, prior to getting married.
As your husband have purchase HDB unit, with grant, you can purchase another resale flat, claiming the half grant, if you are SC.
To sell away your current unit to purchase EM, should not be an issue, if your fiancial committment allows. As for the downpayment, it would depend on how much CPF you have, how much loan the financial institute can borrow to you and how much is the valuation of the purchased unit.

DO feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
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Mike Lim
Replied
Evening Gracie,

I would presume that you have purchased your current unit, prior to getting married.
As your husband have purchase HDB unit, with grant, you can purchase another resale flat, claiming the half grant, if you are SC.
To sell away your current unit to purchase EM, should not be an issue, if your fiancial committment allows. As for the downpayment, it would depend on how much CPF you have, how much loan the financial institute can borrow to you and how much is the valuation of the purchased unit.

DO feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
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