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Hi

There are many questions which we will not be able to address on this post.

You may text 96200827  for a casual chat over a coffee.

We are a full time licensed agent who has helped buyers like yourself over 14 years in buying a HDB flat.

Warmest regards

Gavin Read More

Hi Xeon,

I assume you are single Singaporean citizen 35 years and above. If so, based on the info shared, you will be eligible for $40k first timer housing grant, and EHG of $15k (if income is from $3001 to $3250, and continuous employment for last 12 months), and PHG of $10k (same block with your parents is also ok as long as its within 4km of your parents block. If we add up everything $110k + $40k + $15k + $10k = $175k, you have this amount for housing usage.

Based on $3k monthly income 25 years, your max hdb loan should be $189k. 175k + 189k gives $364k, so you should buy around price $355k unless you are open to topping up with cash or your hdb loan can be approved higher than 189k. You can't rent out the whole unit immediately and have to stay for the first 5 years. While staying there you can rent out 1 spare room. Ideally you should get a flat that can last you until 95 years old.

Agent success fee is 1% of the purchase transacted price + GST. Yes you can leave all the hassle to me, just share with my the listings and my team and I will arrange the rest. I am contactable at 97432395  for further discussion.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
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(Client's Testimonials)
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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

Buyer Mr Wang & Ms Ng: We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan! Read More

Hi Xeon,

I can do a financial run down for you on the intended purchase, but just need you to provide a little more details like your age in order to work out the loan amount, and breakdown the monthly commitment figures so that you are able to make a more informed financial decision. For the grant amount that you are eligible for, there is some discrepancy based on your numbers which we will address. And also for renting out the property after purchasing, you will only be able to rent out after fulfilling 5 years MOP for the whole unit. You may consider renting out 2 rooms instead. Take note that the HDB you are purchasing should have lease balance that allows you to stay until 95 years old minimum in order to be able to fully utilise your CPF funds as well as maximum home loan.

Regards,
Geryl Lim Read More

Let’s arrange to （zoom） meet up for （1） a get-to-know session to discuss your needs and concerns ,(2)also to verify face-to-face with you the validity of my licensed real estate profession for you to feel safe ( as scams are rampant nowadays )
Cheers ！
From: Able Agent ，Mobile :9856 9255 Read More

Hi Xeon,

1) First of all, you are supposed to apply for the HFE to check your eligibility, grants eligibility, and amount, and finally the possible loan amount.
You don't have to fork out 5% cash for the purchase if you are using the HDB loan. This is needed if using a bank loan.

2) Yes, the agent fee is usually 1% + GST of the purchase price.

3) You are eligible for the Single Citizen grant of $40k, EHG (amount depends on your salary range), and PHG ($10k).

4) Yes, PHG is also eligible when buying a unit in the same block as your parents' unit.

5) You will have to observe the 5-yrs MOP before being allowed to rent out the whole unit.

6) It is ideal for you to talk to some property agent before deciding who you wanted to work with. Buying a property is a big deal in our life, you shouldn't rush into it.
A property agent does more than just arrange a viewing. They can assist you in the whole purchase process not limited to helping you to calculate your budget, answer all related questions, and assist you to do any analysis of the property.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer 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://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
https://www.linkedin.com/in/ckling/

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