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Hi, My brother and I are both single, above 35 years old. We would like to buy Resale HDB flat together.
We are in the midst of submitting HLE loan application on HDB website.

My brother has full time job. I am sole proprietor.

For sole proprietor, one of the required documents from HDB is "Certified Statement of Accounts from Audit Firm".

Can anyone advise, does HDB require the Profit/Loss Statement or Balance Sheet?

Can anyone who has helped sole proprietor to apply for HLE loan please advise? Thank you very much.
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2 Answers

Mike Lim
Replied
Good morning,

With sole proprietorship, you would have declared your income tax on yearly basis in accordance to your company accounts. Some of them would have engaged freelance auditor to perform the audit on their accounts yearly. Your accountant would also be submitting the necessary report to IRAS accordingly. Hence it would be good to check with your accountant accordingly.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Robbie Chen Chee Howe
Replied
Hi,

As first timers, I would strongly suggest you engage a professional real estate agent to facilitate your buying process.

A professional would be able to assist you in your loan matters, your housing search, negotiation process, as well as documentation of your purchase.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you and your brother in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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