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Good morning Yenny,

You are right. SPR household are eligible to buy a resale HDB only after each individual turns SPR for minimum 3 years. Usually we use the issue date of NRIC as a guide. Issue date plus 3 years, you are good to go.

When will the 3 years up for both of you?

It will be good to sort out loan to figure your budget before kickstarting the househunting process. Do bear in mind that you will have to bear 5% additional buyer's stamp duty as SPR.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi Yenny,

By registering your Intent To Buy, you will need to key in the details of your residency therefore if you have not met the 3 years period, you will be ineligible to buy as indicated in the intent to buy.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
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Hi Yenny,

1) The answer is affirmative.
2) You can only offer an OTP on the date when you fulfill the 3 years of SPR status.
3) Meaning you can start your journey of looking for your flat about 6 months before the 3 years are up.
4) You may start planning your budget now. The funds you could only utilize are the funds in both your CPF OA amount + cash, but mainly it is the cash.
5) Because the funds in your CPF will not be substantial. I assume both of you earn at least $6,000/mth. Your saving in CPF OA is roughly $28.8k per person without considering the CPF contribution from your bonus.
6) So combining both your CPF funds will be likely around $60k only.
7) So most of your downpayment, buyer stamp duty, additional buyer stamp duty, and legal fees will require you to top up in cash.
8) The bank will need you to submit the last 3 months' payslip and last tax assessment to apply for the loan.
9) The HDB will need your SPR ID only during the resale submission, and marriage certificate if you did your solemnization other than in Singapore.

Hope the above answer your main concerns, but if there are more query, 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
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Yenny,

Yes, you're right. Both you and your husband must be at least 3 years of SPR before you're eligible to purchase a HDB resale flat.

Alternatively, if you have the budget, you may wish to consider private housing instead.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More