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Evening Apple,

From your statement, you intend to purchase resale unit with your mother under Public scheme. If both your mother and yourself don't mind waiting for the possibility to be selected for BTO, where it's likely that HDB might classify both of you as second timer, it's definitely a wise choice. However, if you prefer to stay in the estate and location of your preference, and you don't like to wait, resale unit would be a better option.

Since your mother own a HDB unit, assuming that it's under sole ownership, this unit need to be sold within 6 months from key collection. The deposit payable differ from BTO against resale HDB unit where 10% is for BTO and 5% + 15% for resale.

For bank loan, DBS have max of 5 years fixed while most bank goes with max of 3 years. All your enquires will be better answered if we can meet up for non-obligatory discussion.

Regards
Mike Lim
 96929209 
CEA Reg No: R026708F
Email add: m52i@yahoo.com
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