Unfortunately, no. Your husband is not a Singaporean or SPR, hence he cannot be the owner of the HDB flat. And if he's not the owner, the loan cannot be under his name, and his income will not be taken into account for any loan.
However, if you could afford a private property, his name and income could be included for the purchase. Do take note even though your husband is a foreigner, ABSD is not applicable as you're a Singaporean and the property is going to be your first matrimonial home.
I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require 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.
PropNex Realty Read More
Unfortunately no, foreigners cannot be owners of hdb flats, and since they can't be owners, their income cannot be factored into the loan application.
You may wish to consider private property on joint name ownership basis, his name and income can be included. Since this will be your first and only matrimonial property, you are potentially eligible for ABSD remission even though he is of foreigner status.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More
Unfortunately for HDB flat, since your husband can only be listed as the occupier, you husband would not be able to finance the flat using any loan. As this involves HDB policy of not allowing foreigner to be names as an owner, your plan might not work out. However things are different in private property where your husband will be allowed to be listed as an owner and thus will be able to finance the unit even with his overseas based income. Do note that since you have disposed of your previous HDB property, HDB will require you to place 50% cash proceeds from your previous HDB sales as a deposit if you bought a HDB resale even if your HDB loan is approved. This is different for bank loan where 5% cash deposit applies across the board. As trends show value for HDB is depreciating and the advantage of obtaining HDB loan for a second timer is no longer that attractive, you may want to consider purchasing a private property instead. Moreover as a married couple,, you are eligible for ABSD remission which means you will not be charge more for your purchase as compared to both SC couples. I provide 100% free service for purchase of private property. Do contact me at 93375051 for a free and non obligatory discussion on this.
ERA Realty Network Pte Ltd Read More
Sorry to inform you that HDB only recognise Singapore Citizen's income for loan assessment under non citizen spouse scheme.
Since you arent working now, you wont be able to obtain any loan.
This will be applicable in the case for bank loan.
By the way have you ever thought of going into the private segment?
Bank will be able to recognise his income and both of you wont be hit by ABSD as well cause IRAS will grant you remission as its your MATRIMONIAL home.
Hope my sharing aids in clearing your doubts.
May I know how do I value add further in your property needs?
YT TAN 陈永达 | ACCA Graduate, RES
Propnex Realty Pte Ltd
(M): +65 9111 5171
Quick link to whataspp: https://bit.ly/WAaskguru
Follow me on:
-> Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:
Creative marketing (copy and paste URL) :
"Build Legacy, Comfortable Retirement"
*Transforming my clients' lives*
*Wont let your hard earned money to go into waste*
*Let your money works harder for you*
#sgrealestate #realestate #sg #sgproperty #property #privatehousing #landed #condo #apartment #publichousing #hdb #propnex #png #lawrenceteodivision #yttanassociates
Propnex Annual Convention 2019 - Top 3% individual producers
3rd Quarter 2018 - Top 2% individual producers
July 2018 - Top 1% individual producers
2nd Quarter 2018 - Top 3% individual producers
1st Quarter 2018 - Top 3% individual producers Read More