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Good morning,

i understand your concern on cash outlay. It will be best to send an appeal via e-feedback (to HDB) to be eligible for HDB loan in order to proceed further. Unless you have substantial CPF OA funds to purchase a HDB without the usage of loan.

e-feedback link: https://services2.hdb.gov.sg/webapp/BF12AWFeedback/BF12SFrontController?service=ServiceFeedback&operation=createFeedback

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
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Association of Chartered Certified Accountants Graduate
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Hi,

You're still eligible to purchase a HDB resale flat, as there is no income ceiling cap on these flats.

You might wish to apply for a HFE first, to get a better understanding of you finances and affordability. You may also wish to consider engaging an agent to assist you in your home purchase, as it seems to me that you're not exactly savvy in property transactions.

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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Good morning,

You can try to write in to HDB feedback form to try to appeal for HDB loan given your circumstances. There is no income ceiling for resale flat so you can purchase any resale flat so long the finances are sufficient. If you are going for bank loan, the indicative loan amount should be approx up to 390k. So this plus your CPF and cash available will give you an indication on the preferred budget to work with.

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

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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In terms of HDB loan, as you have already exceeded the income ceiling, you will definitely need to appeal to HDB if you intend to take up HDB loan and see what HDB says. Do submit your appeal with relevant documents like your parents medical and etc. Before we are able to advise further, we will also need to know more about how much CPF funds are you able to utilise for the purchase to work out a feasible financial plan.

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
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
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Hi there! As a first-time homebuyer, you have a few options available to finance your home purchase. Given your preference for relying on your CPF and an HDB loan, let's explore those avenues.

In terms of HDB financing, you mentioned that you have exceeded the income ceiling. While it may be challenging to qualify for an HDB loan, there is a chance to appeal. HDB does consider appeals on a case-by-case basis, especially if you have extenuating circumstances such as medical emergencies and unemployment. It would be best to consult with a housing specialist who can guide you through the appeal process and help present your case effectively.

Additionally, apart from an HDB loan, you can also explore other financing options available in the market. There are various banks and financial institutions that offer home loans tailored to your needs. A mortgage specialist can assist you in comparing different loan packages, interest rates, and repayment terms to find the best fit for your financial situation.

It's important to note that lenders will assess your overall financial health, including your income stability, debt obligations, and credit history when determining your eligibility for a loan. While your cash savings may be limited due to previous financial obligations, they will consider your current employment stability and income level.

To better understand your specific circumstances and receive personalized advice, I recommend reaching out to a financial advisor or mortgage specialist. They will be able to assess your financial situation comprehensively and provide you with the best guidance on how to proceed with your home purchase.

Feel free to contact me to discuss your plans in more detail and to get better advice tailored to your financial situation. I have assisted HDB buyers like yourselves to navigate through the process and make informed decisions in securing their forever home.

I look forward to hearing from you. :)

Cheers,
Shaun Chen
 (+65) 8300 7300 
Senior Marketing Director
ERA REALTY NETWORK PTE LTD Read More

Good day to you,

Under Single Scheme, your current income has exceeded the stipulated ceiling. However, as per your inquiry, you are spending a portion of your income to finance your parent's medical condition. That might be something you can utilize to appeal for HDB loan, although you might be required to provide substantial documentation to facilitate the appeal.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The END XXXXXXX Read More

IF you Need Further Help For Property such as Renting / Selling / Buying or Investing ,...

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The END XXXXXXX Read More