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i live in australia and would like to purchase hdb unit in singapore. i still hold singaporean identity. i earn minimal income in australia but own a house with very high asset . i also have past history of bad credit ,will this affect my buying power for singapore hdb or prvate property? and what step do i need to take to purchase this house.
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1 Answer

Ken Tan
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Hi,

With regards to your bad credit from your past stint in singapore, it may affect the amount of loan from the local banks. We as agents will not be able to advise. I would suggest you approach local bankers or you can contact me if you want me to check for you.

With regards to the steps you can take to purchase your hdb in singapore, you can

- Get your in principle approval from banks or HLE which ever is applicable
- Check your status to make ensure that you fit into one of the family nucleus that is eligible to purchase hdb or if you are above 35yo.
- after purchase of HDB, note that you will have 6 months to sell the australia property that you are holding, another option would to be transfer the ownership of the property to your relatives if possible.

Hope this helps.

Ken Tan
Huttons Asia Ltd

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