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Hi, appreciate your sharing. If single require to be Singapore above age 35, proceed to do HFE before doing a purchase. It depends on your Loan and CPF OA plus cash on hand. For the sale proceed only come in after sale completion done. For CPF OA, returning will be 2 weeks later.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Good day to you.

In Singapore, single individuals aged 35 and above are eligible to purchase a resale HDB flat under the Single Singapore Citizen Scheme. To proceed, applicants should apply for an HFE letter, which must be approved before contacting a banker for financial arrangements.

Once the resale application is submitted, the standard processing period typically takes around 10 to 12 calendar weeks. It's important to note that with positive sales, all co-owners will need to open a joint bank account for the purpose of depositing the cheque issued by HDB.

Navigating a property transaction can be complex, especially with major life events. As a seasoned property consultant with 15 years of experience, I provide informed guidance on complex property matters.

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✔1 In Singapore, singles aged **35 and above** can buy a resale HDB flat under the **Single Singapore Citizen Scheme**.

✔2 Before any purchase, it’s essential to apply for an **HFE letter** first — this determines your loan eligibility, CPF usage, and cash requirements.

✔3 The purchase amount you can afford will depend on your **loan approval, CPF Ordinary Account balance, and available cash**.

✔4 Sale proceeds from your existing flat will only be received **after the resale completion**, while **CPF refunds** typically return to your OA **within about 2 weeks**.

✔5 Once your resale application is submitted, expect a **10–12 week processing period**, during which all co-owners must open a **joint bank account** for HDB’s cheque disbursement.

As Warren Buffett once said, *“Do not save what is left after spending, but spend what is left after saving.”*
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

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QUOTE OF THE DAY " In negotiations, the most important thin Read More

You can apply for HFE first and together with bank loan in principle approval to fully determine your finances eligibility to buy over the flat.

Process can be as fast as 2 to 3 months.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony

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 15,900 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.

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I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. Happy to guide you through the entire process.

1) Can refer you to a few bankers now for an immediate conversation if you want to get an idea of your loan eligibility for the sale.

2) You may wish to refer to this page on the CPF refunds: https://www.cpf.gov.sg/service/article/what-will-happen-to-my-sales-proceeds-after-the-sale-of-my-property

Under a joint tenancy for an HDB flat, the cash proceeds are typically split equally by default, but HDB should issue a single payment in both owners' names.

3) Process from start to finish could be as quick as 2-3months if everything goes smoothly.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hi

If you are 35 years old single and above, yes you can purchase under single singaporean citizen scheme. The sequence is this, apply HFE letter first, get it approved, concurrently check bank loan attainable with bankers. Once HFE approved, bank loan in principle approval out, do the OTP documentation and transfer $1k deposit to the sellers.

From OTP deposit to legal completion, it generally takes approximately 4 months, and all the tenants have to move out by completion date.

The sale price, will go towards redeeming any loan, refund all CPF utilized + accrued interest, thereafter it will be the sale cash proceeds. This amount will be issued in a joint name cashier order, so it has to be deposited into a joint name account. The split will then be up to the owners to divide accordingly.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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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! **

-- HDB Toa Payoh 5-RM Sellers of Million-Dollar HDB, Mr. & Mrs Leong

We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. Because of this, we also engaged Ivan's service to help us search and buy our new resale home. After some searches and viewings, we managed to secure one at a reasonable price with his help. With Ivan’s cheery and positive demeanour, selling our unit to procuring a new one, was a smooth journey for us. It was a pleasure to have worked with him.

-- HDB Executive Maisonette Sellers, Mr & Mrs Yeo --

Before contacting Ivan Ng, our Property Realtor, we were quite apprehensive about our Contra-deal ( concurrent resale & purchase of HDB flats) as at that time the outlook of the resale property market was quite sluggish & pessimistic. But surprisingly our property realtor, Ivan , was able to put us at ease with his professional competence, astute work experience & friendly nature . He was able to consummate our contra-deal within one month of our HDB application. Now we are convinced by his promise that (in Ivan's own words) ... "A contra-deal is where the sale & purchase transactions are done concurrently and completed on the same day. This results in a seamless transition of the funds from your sale proceeds and CPF proceeds towards your purchase price." More importantly Ivan has also managed to clinch a good deal for our contr Read More