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Hi Val,

Do you mean brand new DBSS or resale DBSS? It is interesting to find out why you are looking out for a DBSS since there are also ECs regardless resale or primary market, as well as resale HDBs in excellent locations too that are not from DBSS.

In terms of loan, the benefits are subjective to individuals, while HDB loan offers a flat interest rate throughout the loan tenure but this rate is relatively higher than the bank interest rates now. Should you opt for HDB loan, the cash and CPF outlay requirement can be considerably lesser and will be especially helpful for the home buyers who requires cash on hand for the renovation and furnishings required for the home.

Bank loan requires the purchaser to come up with at least 5% cash and remaining 20% either through cash or CPF as the loan to value limit is capped at 75%.

Hope the above helps.

I have been in the real estate business since 2009, with more than 10years 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!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
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
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +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

Hi Val, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, you could apply both the HLE as well as the bank indicative loan also since it is free and then you can compare the both.

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

Hi Val,

For HDB loan, the cash outlay is minimal because you can secure a loan of up to 90% and pay the balance using your CPF. As for bank loan, the maximum loan you can get is 75% of the valuation, the balance 25% consists of 5% cash and 20% CPF. Therefore, there is always a cash outlay of minimum 5%.

However, in today's market most of the buyers go for bank loan because of the much lower interest rates as compared to the HDB rates of 2.6%. If you are looking to purchase a DBSS flat, you may want to apply for HLE (for HDB loan) or do an In Principal Approval for a bank loan to determine whats the amount that you are eligible for and from there plan your budget.

Please feel free to contact me so that I can understand your objectives better and assist you further. I am also available for discussion on Zoom during this period. I am also marketing a DBSS flat and can send you the link.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi Val,

Yes, since you're a serious buyer, it is advisable for you to do up a loan assessment first before you start your search for a property.

Besides loan assessment, you might also wish to get your financial calculation in place, to determine how much you can fork out as downpayment for the purchase, as well as your future mortgage installment.

This way, you can determine where your affordability is, and you can shortlist those suitable units that are within your comfortable budget.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you on your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

HI Val,

I am curious to know what the reason for your preference in DBSS?

It will be good to know what are your plan and preference so we can discuss further.
HDB loan or Bank Loan will depend on a lot of factors.

Pro of HDB Loan is can get up to 90% loan while bank loan is only up to 75%
Con of HDB Loan is that the interest rate is fixed and with the current situation, the interest rate have drop to almost 0.

Thus, let's start with checking how much loan you can get and thereafter your available cash and CPF.

Feel free to contact me to discuss further.

Thanks!

Alan Sng
PropNex
 92707548  Read More

It is good to apply for loan first to confirm your affordability.

Whether it is required or not, depend HDB or Bank Loan.

You are required to do your HDB Loan assessment before placing option to buy.
You can do your bank loan assessment even after placing option to purchase.

HDB Loan or Bank Loan?
1. HDB Loan finance up to 90%, you only pay 10% downpayment which can be all CPF (except $5000 has to be cash). HDB interest is fixed at 2.6% pa with tenure capped at 25 years.

Bank Loan can finance you up to 75%, ie you need to fork out 25% downpayment. Out of the 25%, 5% has to be cash, while 20% can be CPF. Bank's tenure are capped at 30 yrs and interest rates are typically lower (right now market rate is around 1.5% pa).

Feel free to pm me for more info.

Dannie Han
 96772611 
danproperty.sg

Dannie Han
Huttons Real Estate
 96772611  Read More

Hi Val;

Just to share, if you are looking for a DBSS, the pricing is higher than normal HDB, reason being is they have better finishing,quality and layout.. And if you are aware, HDB stopped this DBSS scheme ady since 2012.. So its RARE in the market now..

Just like what many experts have shared here, the main difference between HDB loan vs bank loan is the Cash outlay component as well as the interest rates.. So pretty much depends on whats your comfort level in the cash outlay. And just a point to note, both HDB loan and Bank loan for HDB units are cap at max loan tenure 25yrs..

I have 2 units of 3rm DBSS at Parkland Residences for sale.. Do feel free to contact me for more info as im unable to contact you here. Thanks & have a great week ahead !

Regards;
Lyna Song
 9623 8442 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com
https://wa.me/6596238442 Read More

Greetings from Ohmyhome!.

Buying a home is a huge investment that requires time, money and effort.

Let our professionals take care of your home buying journey from search, mortgage advisory, deal closing and all the way through to legal conveyancing.

Kindly contact us at 68869009  or WhatsApp us at 97551009  for more information.

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd Read More