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I am a PR since 2008, and I am relocating back to Singapore this year. I am divorced with my SC spouse and I have legal custody of my 2 daughters (aged 15 and 20 years old). I am thinking of purchasing a HDB resale flat and have following questions:
1) I understand that I am eligible to buy HDB resale flat since both my children are SCs (family nucleus) however to be eligible for the housing loan (either thru HDB or commercial banks) do I need to have income statement in Singapore for the past 12 months prior to purchasing the HDB resale flat.
2) I owned overseas property so when do I need to dispose of it.
3) Do I qualify for housing grant since this is the first time we(my children included) are buying HDB flat.
Thank you.
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3 Answers

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

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

It would be difficult to answer your question in this dialogue.

You may text 9620 0827  for a casual chat.

Regards

Gavin Read More
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Hi,

1) You are correct that you're eligible to purchase a resale flat. However, you are not eligible for an HDB loan under your situation.
The minimum criteria of eligibility to HLE is in your application, one of the owners must consist of at least 1x SC at or above 21 yrs old.
To apply for a mortgage loan via bank, you will need the following documents if you are employed w/ monthly CPF contributions:
(i) Past 3 months’ payslips or letter from employer
(ii) Latest 15 months’ CPF contribution history

2) If this overseas property is a residential property, you will have to dispose of it within 6 mths upon key collection.

3) You will not be eligible for any grant since all your children are under 21 years old.
To be eligible for any grant, the first condition one of the owners in the application must be a Singapore Citizen at or above 21 years old.
Addition note is to be eligible to grant, the next condition is you "must not own or have disposed of any private residential property in the 30 months before the date of application".
Meaning you will be eligible for a family grant of $40k two-and-half years later if you dispose of your overseas residential property now, and one of your children is above 21 years old by then.

Hope the above answer to your main concerns, but if there are more query, 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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