AskGuru Q&A Community

Hi,

I regret to inform you that a SPR Mother and Child are not eligible to purchase a HDB resale flat. For SPRs to be eligible for HDB, both owners/essential occupiers must be married and have attained SPR for more than 3 years.

You could however consider private residential housing instead.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing plans. Please get in touch with me for a more in-depth discussion.

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, 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.

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

Hi
Since you are below 21, you can only be named as an occupant for the flat with your mother. This means your mother needs to finance the flat herself and in case of HDB, both of you needs to be a SPR for 3 years before being eligible to purchase a HDB resale. For cash outlay, as all PRs household are not eligible for HDB loan, you are required to place 5% deposit on the purchase price. (eg price of flat $300,000, $15000 cash needs to be place). This is different from those taking HDB loan where the deposit is negotiable between seller and buyer of the flat. This is regardless of which banks you secure the loan from as the 5% deposit is a regulation by Singapore government introduced few years ago as part of property cooling measure. Do contact me at 93375051  for a free and non obligatory discussions on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More