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Home Buying

Asked by May Leong 22 May 2012

I and my husband and we are Singapore PR. We would like to plan to buy a HDB flat in West side. May i know what is the terms and conditions.

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Mike Lim · Answer 1 · 2012-05-22T16:51:23+08:00

Mike Lim

Replied 22 May 2012

Afternoon May,

Since both you and your spouse are PR, you are eligible to purchase HDB resale unit through bank loan. There's no income ceiling requirement. However, both of you should not have any private property locally or overseas. You are also to fulfill the Minimum Occupation period of 5 years before you are allowed to purchase second property.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
96929209
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