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I am going to start work in jan next year and my pay is 3k/mth, and my partner has been working part-time earning 600/mth for over a year now and still working all the way. If we buy a resale flat in mid February next year, may I know how i should calculate the average gross monthly household income for the EHG? Is it 3,600? or 3k/12+600?
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1 Answer

Taufik Hussein
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Hi

Based on the information given, it will be 3000+(600x12)/12. It may be advantegeous for you to purchase a resale immediately after you start work to enjoy a higher EHG grant but do note your loan quantum you are eligible for might be reduced. I do provide a free and non obligatory consultation in regards to property transactions in Singapore. Do contact me at 93375051  for a discussion on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
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