8 Answers

Hi,

He should be able to get approx up to $316k hdb loan, assuming good credit score. First timer cpf housing grant for singles will be $40k for him, if getting 4-room size and below, lump sum. EHG is based on income range, for $5k monthly not eligible since he is single. If he is buying near parents address, extra $10k. Total grants and CPF OA add up to $476k. To buy $550k hdb need to top up about $100k cash, since there is also buyer stamp duty, legal fee and agent success fee to factor in.

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
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Mr Wang & Ms Ng : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan! Read More
1
Hi, the grants are prorated based on his income, and the best way to calculate the exact amount of grants he can get as well as the budget within his limits with the HDB loan will be to apply for a HFE once he hits 35. However, I noticed that you mention that you have a HDB on your own. Do note that if ever you get married, it will result in you having to sell off one of the HDB property. If you ever have any other queries or assistance, I will be happy to help.

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
 97396040 
landonchew@email.com Read More
0
Hi, appreciate your sharing. Able to check banker ?
Able to share and guide you
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
0
A first-time CPF housing grant for singles purchasing a 4-room flat or smaller is $40k, provided as a lump sum.

If buying near parents' address, an additional $10k grant is available.

Grants are prorated based on income, and the exact amount can be calculated by applying for a HDB Loan Eligibility (HFE) once reaching 35.

If you own a HDB property on your own and later get married, you'll need to sell one of the HDB properties.
IF you Need Further Help--->> like : Renting / Selling / Buying or Investing Read More
1
A first-time CPF housing grant for singles purchasing a 4-room flat or smaller is $40k, provided as a lump sum.

If buying near parents' address, an additional $10k grant is available.

Grants are prorated based on income, and the exact amount can be calculated by applying for a HDB Loan Eligibility (HFE) once reaching 35.

If you own a HDB property on your own and later get married, you'll need to sell one of the HDB properties.
IF you Need Further Help--->> like : Renting / Selling / Buying or Investing Read More
1
Tan Pei Cheng (Pei)
Hi
Your bf might want to apply HFE first?
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More
1
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 ”

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