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Afternoon,

Assuming that you are SC and earning less than $10k (for married couples), first timer for purchase of subsidized HDB, you might only need to prepare around $6k worth of cash ($5k for Option and Exercise fee and $1k for misc expense, excluding commission) However, you might have to choose units that are not too near to MRT station.

Do feel free to contact me for non-obligatory discussion.

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

Hi,

For a SC-SC (Singapore Citizen) 1st-timer household (ie. never purchase HDB before), with gross monthly household income of 10K & below, they can apply for HDB loan and 1st-timer grant of 30K for HDB resale flat.

Whether no/minimum cash method can be done depends on the resale price of the unit you are considering. HDB loan can loan up to 90% of purchase price or valuation, whichever the lower. The balance 10% can be through your CPF monies, as well as the 1st-timer grant (if applicable).

Your cash expenses will likely come from HDB administrative fees, commission, and COV (if any). If you need further details, please let me know, will be glad to understand your requirements further and point out the ideal scenario. Thanks and hope to hear from you soon!

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com Read More