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Hi Casey,

A single SPR is not eligible to purchase a HDB flat.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Casey,

1) A single SPR is not eligible to buy a resale HDB flat.
2) The minimum requirement is at least 2x SPR and able to form a family nucleus, and both had been holding the SPR status for at least 3 yrs.
3) The estimated loan you could get based on your age and income is around $180k or 75% LTV whichever is lower.
4) You must prepare the following fund to buy any residential property:
(a) 5% cash,
(b) 20% cash and/or CPF
(c) ~3% Buyer stamp duty
(d) 5% ABSD
5) So assuming you are ready to buy a $300k HDB flat, you will need the following funds, assuming you are able to get the sufficient loan ($225k):
(a) 5% cash = $15k
(b) 20% cash and/or CPF = $60k
(c) ~3% Buyer stamp duty = $4.2k
(d) 5% ABSD = $15k

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Casey,
Single PRs cannot buy HDB. Your best bet is to buy a private apartment. Please contact me so that I can assist you.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Good evening Casey,

Sorry to inform you that there's no HDB eligibility scheme for single SPR.

You will have to consider private housing if possible.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
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Hi Casey,

Unfortunately no. Single SPR can only look into purchasing a private residential property. Basing on your existing income, the maximum home loan you are able to get for a private residential property is estimated at around $365,000, thus you will need to have sufficient cash portion as well as CPF to make up for the shortfall of the amount if you are looking to buy a low quantum private residential property in the range of say $650,000.

Not forgetting, as SPR purchasing the first residential property in Singapore, there is also a 5% Additional Buyer's Stamp Duty applicable on top of the normal buyer stamp duty on top of legal fees.

Will this be something comfortable for your consideration?

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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