AskGuru Q&A Community

Hi,

You will need to meet the eligibility in order to buy a HDB resale.

The basic eligibility required:
(1) 1x SC + 1 x SPR, or
(2) 2x SPR with at least 3 years of holding PR residence status.

Once you met either one of the requirement above, than you are ready to buy a resale HDB.

The cash required are as follow:
(1) legal fees:
(a) must be cash, $2~$2.5k (must be private lawyer since using bank loan),
(b) few hundred using HDB assigned lawyer; actual amt dependent on purchase price. Can pay using CPF.
(2) Resale application: $80
(3) Miscellaneous: $15
(4) Registration & microfilming: $215.90
(5) Real Estate Agent fee: 1% of purchase price.
(6) Option & exercise = $5,000
(7) Valuation: $200 for now, $120 (on & after 1 Jan 18)

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

Good morning Mr. Peng,

SPR buyer would need to be married to another SPR buyer or SC buyer in order to be eligible to purchase resale HDB unit.
In the event that your spouse is also a SPR buyer, the following payment are required in cash, provided that you have sufficient CPF OA fund:
1) ABSD - 5%
2) Down Payment based on 80% mortgage loan - 5%
3) Valuation fee
4) HDB admin fee
5) Property tax refund
6) Option and Exercise fee
7) Commission payable

However, if your spouse is SC and taking a HDB loan, you will not be liable for ABSD and you can pay the 10% down payment with CPF OA fund.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind. Read More

Hi Peng Quan,
In order to compute the cash required, the loan amount for the purchase is an important factor. Please drop me an email for me to assist you to compute the loan quantum then the cost breakdown.

Hi,
The right agent will follow you throughout the purchase. I will follow up with my client till they get what they want. Depends on individual, it may be a long process, but most importantly buy get what they want eventually. I am glad to assist you, kindly drop me an email for me to follow up.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More