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Hi

1. A first timer is someone who has not make use a housing grant.
2. ABSD is not applicable if this is your matrimonial home and your wife is a Singaporean.

You may call or text 9620 0827  for the suggestions to the rest of your questions as it will be too long on this post.

Regards

Gavin Read More

Hi,

1) Buy resale while you & your wife became citizen will incurred ABSD of 5% since both of you are PR.

2) Buy new EC upon received citizenship, after purchase of resale HDB flat. This is considered as 1st timer since the purchase of resale HDB did apply for any grant.
(a) No ABSD since this is a matrimmonial home.
(b) CPF housing Grant is available for SC/SPR household as such:
(i) Household income < $10k = $20k
(ii) Household income >$10k, <$11k = $10k
(iii) Household income >$11k = $0

3) It is another yr (12~14 mths) before your wife able to receive citizenship, however, this is best situation you wish to achieve, this might not happened as expected.
(a) Buy after your wife granted citizenship:
(i) will save you 5% ABSD.
(ii) Able to apply for HDB loan, use minimum cash for the purchase.
(iii) Can loan up to 90% from HDB.
(iv) Can aply for grant
(b) Buy before received citizenship:
(i) will incurred 5% ABSD.
(ii) Only can use bank loan, minimum 5% cash for down payment
(iii) Max loan is 75% from bank.
(iv) No grant available.

In conclusion, more cash needed to purchase using 2x PR status. If there is constraint in budget, you might only able to purchase a smaller flat.

4) Buy resale HDB with grant:
(a) Will considered as 2nd timer when apply to buy EC.
(b) Need to pay resale levy in cash, amount shall dependent on type of resale HDB bought.

5) Up till date, we only know there is one EC available to apply next year. No news on any other EC after 2019.
We can plan and pray for the best for now.

From personal point of view, you have to weigh the advantage and disadvantage of apply for grant if you have sufficient budget. Paying resale levy in cash will definite affect your received cash proceed, & this might jeopardize your plan by then.
Buying resale HDB after received citizenship has quite a difference before receiving. You may refer to (3) above for detail.

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

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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

Hi Sir,

Based on your situation, I would advice you to purchase your house only after your wife gets her Citizenship.

This way, it will save you 5% on ABSD. Moreover, if you're getting a HDB resale flat, you will be bounded by the 5-year MOP period, which means if you still plan to get a new EC, you will probably only move into the EC in 10 years time from now.

Not sure if this is what you planned for, but I may have a better suggestion for you to consider.

Should you need any 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.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Whatsapp to 8279 8327 

Our charges are 1% commission for sales ..

Owners / landlords need property agent in sg ( agt ) to rent out or sale of your property
please contact handphone whatspp text to 8279 8327 

Xu zhen feng
R05-7810C / L300-9250K
Orangetee & Tie Pte Ltd
8279 - 8327

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