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Hi, we are a SPR couple. And next year April we both will complete the requirement of holding PR for 3 years and just qualified to buy a HDB.
1. May I know when we should start to survey for house? As our relative told us we should start from now. But I feel it is still too early.
2. As I know there is HDB loan and bank loan, are we qualify to borrow HDB loan? Any T&C for applying HDB loan?
3. Our total salary is about $6k per household and we have $100k cash, $20k in our OA account now. We would like to know the roughly price range of house that we are affordable?
Thank you in advance.
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1 Answer

Robbie Chen Chee Howe
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Hi,

It is definitely too early to start your house hunt now. You can probably start sometime after CNY next year.

As both of you are PR, you are not eligible for HDB concessionary loan. You can opt for bank loan. Also, take note that for PR, ABSD is now at 5% for your first property.

I would advise you speak to a banker on your loan matters. Do let me know if you need any recommendation for a mortgage banker.

Should you need any 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
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