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I am 31 yrs old single, will like to buy a HDB but totally ignorant about the current govt rules. I understand I can only buy resale? I am looking at East Side.

1) Pls advise what are the rules and any restrictions?
2) How much is the first payment? Via cash or...? How much is bank loan interest rate? How much can we loan? How many years? Monthly payment via CPF or cash?
3) If i decided to marry in few yrs time and want to apply HDB with my partner, do I have to sell the flat?
4) Can i change or add name to the ownership in future?
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1 Answer

Mike Lim
Replied
Morning Jia Jia,

Being single, you can only purchase a HDB unit, either after age of 35 or with parents.
Option and Exercise fee is max of $5k and HDB loan downpayment is 10%, payable by CPF.
Loan period is 30 year or till age of 60, whichever is shorter.
If you wanna apply for new flat, after marriage, you need to sell off your existing unit, 6 months from collection of key.

Do contact me if you require further assistance.

Thanks
Mike Lim
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