3 Answers

Ivan Ng

For resale there's no restrictions, you can purchase any flat type as long as the finances are comfortable. The website page you saw is likely about BTO application (brand new from hdb) instead. Yes for 1st timer single singaporean earning monthly income not exceeding 6k, you can qualify for up to 25k 1st timer grant. Yes you can take HDB loan if your income does not exceed 6k, and your CPF OA will be fully drawn down. Typical breakdown for 1st timer purchase as follows:

10% CPF OA
90% max hdb loan
3% approx stamp duties and legal fees
1% agent commission + 7% GST
HDB admin fees approx 500
Cash over valuation (COV) if any

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395
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Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More


Mark Ng S W
Hi do contact me at 97970200 to discuss more

Mark, your RIGHT choice
MCG Read More


Ling CK

Being a Singaporean above at/above 35 years old. You are eligible for any resale HDB flat.
You may apply using Single Singapore Citizen Scheme or Non-Citizen Family Scheme if you have a foreigner spouse.

Basic requirement:
You must be a first-timer applicant, meaning;
- Not owner or essential occupier of a flat bought from HDB, or EC/DBSS from developer.
- Not sold a flat bought from HDB or an EC/DBSS from developer.
- Not received any CPF Housing Grant for the purchase of an HDB flat.
- Not received any form of housing subsidy; benefit from SERS, HUDC estate privatisation.

Average gross monthly household income:
(a) <$6,000 if buying a resale flat under Single Singapore Citizen Scheme
(b) <$12,000 if buying a resale flat under other schemes.

(1) Flat type: Your choice is not limited by rules andd regulation, but on finance limitation.
As qualification of loan amount is determine by MSR (Mortgage Servicing Ratio), in short, only 30% of your monthly pay is recommended to service monthly mortgage loan.

(2) Grant:
(a) You are entitled to Single Grant if you meet the following conditions:
- $25,000 for 4-room or smaller resale flat
- $20,000 for 5-room resale flat

(b) Additional Housing Grant if your household income less than $2,500/month

(c) Proximity Grant (S$10k) if your parents are included as co-applicants or occupiers (SC or SPR).

Take note of the "gross monthly income", if your income exceed the requirement implying that you are:
- Not eligible for HDB loan, but you may take up bank loan.
- Not eligible for any grant, except proximity grant (S$10k) if your parents are included as co-applicants or occupiers (SC or SPR).

(3) Cash component are as follow:
(a) OTP deposit & exercising
(b) Resale application
(c) Registration & microfilming
(d) Valuation
(e) Caveat
(f) Misc fee
(g) Fire insurance
(h) Sales person commission

Provided your CPF OA is sufficient to pay the following, otherwise you have to pay them in cash:
(a) 10% of purchase
(b) Basic stamp duty
(c) Legal fee
(d) Mortgage stamp dduty
(e) Home protection scheme

(4) Every SC is eligible to apply for HDB loan twice in their life time.
Advantage of using HDB loan is, it allow minimum cash to purchase a home.

You also have to understand your rights as a Single Singapore Citizen, you are eligible to apply for 2-room flexi BTO.

Hope the above answer to 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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