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Hi,

My wife and I are looking to purchase a resale HDB flat, both of us is Malaysian, she got her Singapore PR 8 years ago and i got my PR on 15 April 2013. I understand that I need to wait 3 years before i can purchase a resale HDB flat.

But can i start looking for suitable flat, and if i found one that i like, can i pay the deposit or even proceed the paperwork at HDB office, after all the process is done, then i will then make the official transfer on 15 April 2016 ?

Thanks!
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7 Answers

Hi,

You can only sign on the OTP on 15 April, but the househunting process should more or less than 1-2 months hence the timeline will be just nice. Thanks and hope to assist with your purchase further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
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(Client's Testimonials) Read More
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YT Tan (陈永达)
Good morning Chean Wei,

I am afraid to inform you that you can only ink on the option to purchase on or after you fulfill SPR status for 3 years which is on 15 april 2016.

In fact, after you sorting out the approval in principle (bank loan) etc, you can kickstarting your househunting soon.

Hope my sharing is beneficial to your property purchase.

May I know how can I continue to value add in your purchase?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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Good Morning Mr Lew,

You have ample time of about 1-2 months to proceed with looking for a suitable flat. This is not a problem. You may however make an offer, pay the desposit and proceed with the HDB paperwork from 15 April 2016 onwards only.

Meanwhile, should you require any assistance to obtain an in-principle approval (bank loan) or if you require any clarifications, I'll be most happy to help you.

Let me know. Have a great day!

Best regards,
Qi Jun Boey
ERA
Mobile: 9694 0883 
Email: qijunboey@gmail.com Read More
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Morning,

You can only ink the OTP upon fulfilling 3 years on your SPR status. If you are keen, we can work out on your mortgage aspect and start the hunt in mid to late March.

Do contact me further should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi Mr Chean,

Sorry to inform you that you will only be able to sign the OTP on Apr 16th 2016. However, you can do the following preparation work before you start looking for a house:

1. Do an In Principal Approval (IPA) with a banker

2. Draft up a financial plan so that you can plan your finances better before committing to a unit.

3. Do some research on the price and transaction trend on the location you are looking to buy.

I am happy to assist you on the above and guide you through the buying process. Please feel free to contact me at 9644 4854  . Thank you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015/2016)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.

We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought through Nick) Read More
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Hi Mr Chean Wei Lew

You may only sign the OTP on 15 April 2016.

Generally, the viewing for most people will take between 1-2 months. However the majority of the cases that I handled were with SPR/SPR, I am of the opinion that SPR/SPR tend to be more decisive which may perhaps be due to their experiences in looking at rented flat.

I had a couple who took 8 days to decide on a flat. I had another couple who took 18 days. Of course the longest is 33 days which was partly due to unavailability because of work.

The process of getting an In-principle-approval (IPA) on the loan quantum is quite immediate. It is necessary when you start the viewing.

I hope the information is useful to you.

Should you have more questions, you may call 9620 0827  or email gavin.ng@orangetee.com

Gavin Read More
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GAN ENG JOO ONASSIS
Hi,

Re: Our Preferred Experienced SG Professional

You only can purchase upon fulfill 3 years PR status.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
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ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

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