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Good day to you.

For first-time HDB buyers, Singaporeans can qualify for a housing grant of approximately $47,500, not including the Proximity Housing Grant. Once we have your approved HFE letter, we can determine the loan amount you’re eligible for. These elements are essential as we chart out a feasible plan for your journey toward homeownership.

Navigating a property transaction can be complex, especially with major life events. As a seasoned property consultant with 15 years of experience, I provide informed guidance on complex property matters.

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Hi,

I would be most glad to assist you further and pls 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

Have you already applied for HFE to determine your loan eligibility? You may also be eligible for housing grants therefore with more figures in mind, we can then know what are your options available.

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I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony

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 15,900 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.

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Geryl Lim
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Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Assuming you qualify for every grant available and had some professional help from somebody like myself to work out every single aspect to your advantage, then this is how the numbers might work out for your home purchase:
-> $90-100k in grants,
-> $170k CPF + savings
-> $170k loan

$100k + $170 + $170 = $400k-450k budget to look for your resale flat.

I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. I would love to schedule a free consultation to discuss your options if you need any support. Feel free to reach out via whatsapp or email.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hey — you’re in a decent position, and yes, buying a 3-room resale HDB is not impossible for you. Whether it’s feasible depends on a few moving parts (loan eligibility, downpayment, CPF use, housing grant, etc.). Let me run you through what to check and what kind of price range to aim for.

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✅ What you need to figure out first

1. Loan eligibility & monthly repayment capacity
• With a monthly income of S$3,000, the bank or HDB will check your debt servicing capacity. They’ll see how much of your income can be committed to mortgage payments (plus other debts, if any) under the TDSR (Total Debt Servicing Ratio) rules.
• The maximum loan you can get will depend on your age, credit, and outstanding obligations.

2. Downpayment & use of CPF
• You can use part of your CPF Ordinary Account (OA) for the downpayment and even for monthly mortgage payments (depending on whether you’re taking a bank or HDB loan).
• With S$130,000 in CPF, that gives you a lot of cushion.
• Downpayment usually is minimum 10% in cash/CPF for HDB loans, or 5% (cash) + 5% CPF / cash for bank loans (depending on rules).

3. Housing grants & subsidies
• As a single buyer (if eligible), you may qualify for certain grants from HDB (e.g. Singles Grant, Enhanced CPF Housing Grant) which will reduce your net cost.
• Check your eligibility for those grants — that will improve affordability.

⸻ Read More