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Hi, Im a Singaporean and my wife is a SPASS holder, we actually planning to get a resale flat near my parents house. me and my wife is actually earning less than 6k per mth. to the question: are we eligible to obtain a 5room unit even though our combine income is less than 6k, second question is if my income is 3k per mth, what are the chances can i get the max loan from hdb and last question, is there any chance that i get can the HLE from hdb base on my monthly income and my wife is a foreigner. Thanks
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3 Answers

Ng Teck Chuan
Replied
Hi Louis,

HLE will be based solely on your income. You might want to consider a bank loan.

For resale, it would be more of how much loan you're eligible for, which relates to your income, and also how much CPF OA and cash you have.

Feel free to contact me at your convenience, and we can take this further.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
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Mike Lim
Replied
Evening,

As your wife is foreigner, you can only purchase resale unit under non-citizen spouse scheme. Under that scheme, only your income will be use for HLE assessment. Given the case, with your income, you might not have enough funds for purchase of 5 room flat.

Do contact me further for discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Gavin Ng
Replied
Hi Louis,

You can purchase a resale unit under the non-citizen spouse scheme.

It would be advisable to apply for a HLE (HDB loan). We can then determine the type of HDB flat to buy.

Most importantly, you must be comfortable with the budget without over-stretching beyond your comfort level.

You can always upgrade later as most people averagely buy home twice in their lifetime.

You may call 96200827  for a casual chat or email to gavin.ng@orangetee.com

Regards

Gavin Read More
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