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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.

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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.

——

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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 +65 92787772 
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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.

⸻

✅ 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

Hi, appreciate your sharing. Able to meet up and share in detail with breakdown.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi,

1) With a monthly income of $3,000 and assume you are below 40 years old, your estimated loan amount (based on a 25-year tenure and 2.6% interest) is around $300,000–$350,000, assuming no other debts.
2) Total Budget
Combining CPF and loan:
CPF savings: $130,000
Estimated loan: ~$310,000
Total budget: ~$440,000
With a purchase price of $430k, you need to keep a $7.5k for buyer stamp duty, and the rest for the legal fees.

3) This means you should target flats below $430,000 to stay within a safe financial zone without forking out additional cash apart from the $5k for deposit and exercise fees.
4) Yes, you are able to afford a 3-room flat.
5) Do note to keep adhere to the rule of remaining lease + age equals to 95 or more to avoid loan and CPF being prorated.

All The Best!!!

Hope the above answers 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://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

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✔1 First-time HDB buyers may qualify for housing grants around $47,500, excluding the Proximity Housing Grant.

✔2 Getting your approved HFE letter helps determine how much you can borrow and sets a realistic budget.

✔3 With grant eligibility and loan figures in hand, we can map out your homeownership options clearly.

“Do not wait to strike till the iron is hot; but make it hot by striking.” – William Butler Yeats
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

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