Asked by
Hi, so here's an update to my previous question. My wife's PR application did not went through. However, we are still very keen to purchase a resale flat. I understand there's a non-citizen spouse scheme that we can tap on. Details of our financial standings; I'm 28 years old, and my wife is 26 years old. My wife is a taiwanese, and I am a SC. Both working in Singapore for the past 3 years. My monthly salary is S$3356 and hers is S$2320. I currently have S$42k in my CPF-OA account. We both have never bought nor own any property. What are our chances of buying a 4-room flat near Bedok Reservoir?Our combined cash in hand is around $20k. We just applied for the HLE from HDB, but seems like only my income will be taken into consideration. If so, our hopes of getting a 4-room flat seems unrealistic right?
0
1184 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Hi,

You may want to consider taking bank loan instead, which could bump up the loan amount. Taking HDB loan will mean chances are slim for a hdb 4rm at bedok reservoir.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
0
Hi Mr David,

It is common for newly wed couple consider HDB loan due to able to loan up to 90%, and minimum cash outlay.

(1) Finance:
You shall need to budget your purchase to around $400k in order to do so.
According to my calculation, cash & CPF payment shall be as such:

(a) Cash: $16.5k
(b) CPF: $41.6K

To pay for all misc, stamp duty, legal fee, insurance etc.

(2) Grant:
The above calculation valid provided you receive "Single Grant" of $25k (for 2~4-rm).
You should be qualified for this but still need HDB approval. :-))

You are not qualify for proximity grant as that required at least 1x SC + 1x SPR.

You will also need to qualify for a loan amount of $330k from HDB:
You may used this HLE calculator to check an estimation:
https://services2.hdb.gov.sg/webapp/BP27MaxLoan/BP27PMax1.jsp

(3) Bedok reservoir:
There are 4-rm flat that can match this. However, you have to prepare that the flats remaining lease is 60+, meaning most of those that could fit your budget, interior condition is not going to be as nice as those newer flats.

Hope the above answer to your main concerns, but if there are more queries, 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

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More
0
Consider Hdb

Dear owners want to rent out your room ?
Dear OWNERS / LANDLORDS are you looking for an agent to sell / rent out your house ?
Whatsapp texting to Handphone or Call 91 06-49 75 or 6219-0432 
Owners Need to rent out your property / sales ?
Comms rates - half month for 2 years lease , 0.5% for sales
We are available all the time

L3 00 92 50K • R0 57 8 10C /ot / kzh / agt

Subj to terms and conditions ( Services includes adv in commercial guru )

New agents welcomed

Questions like
foreigners payment percentage properties immediately permit ready bedrooms out overseas owner restrictions specialise selling dormitory room permission continue
contract cost simple singapore guideline checks choice looking luxury malaysia property resale residenital commercial commission partial pay harta guru news
investment price tax investing index rental market agent net home for rent management qutoa rantral rate recommended commissions tenants specialised approval
stall space recruitment regrister rates realtor recommend seller sg shop short applying renewal residential decorate full furnish generate dorms call card
charge spore apartment application apply inform instead end entire error have help high hire letting lim regulations buyers reviews rooms rules should are as
asap at be agnts agreement hotel house gst guide faster worth yes exclusive expats put quarters review say search bilik industrial into fixed flat consequences
within you your dennis directory renting normal landlord suruhanjaya advertise after agency regristerd extra factory family fast form about actual companies
lease lee blog penyewa living locked common orangetee rentals landlords female mike mistakes sell some bayaran finder fees rents do myanmar agts all allowed an
bought broker bto buy apartmen our person propnex rented small soon just cheap keep know bed below third this agents gcb leasing post ppty rumah tenant testimonial go
good contact cut database hbd menyewa hard hm buying need new comms condo wrong cheapest x year how in indian landed bedroom east easy does during sewa second the things
income is it leads many master pajakan flats foreigner mortage mth beside best agt can chinese condominium diy no non forum free from bedspace before and another
answer any houses i ideal mix month mop much my n name not note estate fee fill company conditions duty earn whole with process profile hdb hawker housing both
finding first jualan list make malay benifit better on one only or hartanah ec enbloc townhouse where a agent's units without woodlands word via vs want pr private
procedure rm sale while who mendarat sales real standard stay storage number lowest occupancy replacement oct of office agnt stamp engage engaging find whampoa now menjual time tips
stamping titles to top unit up use ejen warehouse way we website what when which yourself zee place places plus Geylang lorong 4 6 8 10 12 14 16 18 20 22 propertyguru
commercialguru lor road shophouse worker geylang workers construction take over business takeover Open yard retail walk penthouse food class bungalow studio
conservation terrace sublet subletting pool esparina residences buyer publish advertisment will pays move checklist 1 get clause renew build needed lend let
sublease Eligibility Conditions Guidelines Citizenship menjual rumah pag-upa ng mga ahente ng pag-upa ng ahente magbenta ng mga bahay nagbebenta ng mga bahay
pag-upa sa mga bahay pag-upa sa mga silid rumah sewa agen properti jual rumah menyewakan kamar business sale novation takeover replace Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions