Good morning buyer,
Do take note that HDB flats are meant for own occupation. You can only rent out or sell whole unit only after MOP fulfillment.
BTO/ SBF - you can apply for 2rm in non mature towns.
Resale - you can purchase any type with bank loan. But will be restricted up to 5rm if you are taking housing loan/ CPF housing grant.
Housing grant - singles grant if your income is up to $6k. You will be eligible for additional housing grant if your income is up to $2.5k.
The amount of downpayment will depend which loan you are taking.
1) bank loan - max 80% thus your downpayment will be 5% cash and 15% CPF or cash.
2) hdb loan - max 90%. You can pay 10% downpayment fully by CPF.
Other expenses will be:
1) estimated 3% buyer's stamp duty
2) $200 valuation fee
3) $80 resale application fee
4) pro rated property tax
5) 1% of purchase price plus 7% GST as agent's commission
Hope my explanation helps!
May I know how can I value add further in your property purchase?
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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M):
+65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
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