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Avalon HDB Questions

Asked by AK 19 Dec 2011

Hi, I'm saving up to buy a 3rm HDB in central area. I'm single, not married, a singapore citizen, what are some of the loan avenues and grants that I can get for a first time buyer?

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William Koh · Answer 1 · 2011-12-20T10:48:06+08:00

William Koh

Replied 20 Dec 2011

Hi AK,

For single, you must be at least 35 years old before you are eligible to buy a HDB flat from resale market.

You can get a first timer grant of $15,000 provided your gross monthly income doesn't exceed $5,000.

Cheers,
William Koh
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willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.myBishanCentralCondo.com
www.myBedokResidences.com
www.ArcAtTampinesEC.com
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Mike Lim · Answer 2 · 2011-12-20T10:53:55+08:00

Mike Lim

Replied 20 Dec 2011

Morning,

I agree with William. Single scheme is only eligible for those SC above 35 year old. If you intend to take CPF grant, your income should not exceed $5k. Standard grant is $15k and higher tier is at $20k. With CPF grant, you have to take HDB loan. If your income exceeded, you can always get a Bank loan for the purchase.
In central area of singapore, the housing price can range around $400k to $450k.

FYI
Mike Lim
96929209
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