Asked by Anonymous
Iam interested to buy a 5RM HDB BTO in May 2016 SBF. At present I have 4RM HDB (434K as per srx property price index) at Bukit Batok. I have 28K in CPF OA and Bank loan approx $170K pending.
Please note that the above 4RM HDB had been bought when I was a PR and we have changed to Singapore citizens last year.
I have the following questions,
1) Trust we will be considered as First timers if we apply for SBF.
2) Is it a good choice to upgrade to 5RM HDB at Bukit batok sky peak (5units in the present SBF)?
3) In case if we register and do not get one of above aimed flats, will we lose our "First Timer" advantage for our future BTO/SBF applications.
4) Our family salary is just above 10K (No grants for BTO). Hence my friends suggest to save money for 5% initial payment and buy an EC instead (Size Min 100Sqm) around choa chu kang. But I am concerned if we will be subject to handle huge loan.
Please advise us on the above.Thanks.
Please note that the above 4RM HDB had been bought when I was a PR and we have changed to Singapore citizens last year.
I have the following questions,
1) Trust we will be considered as First timers if we apply for SBF.
2) Is it a good choice to upgrade to 5RM HDB at Bukit batok sky peak (5units in the present SBF)?
3) In case if we register and do not get one of above aimed flats, will we lose our "First Timer" advantage for our future BTO/SBF applications.
4) Our family salary is just above 10K (No grants for BTO). Hence my friends suggest to save money for 5% initial payment and buy an EC instead (Size Min 100Sqm) around choa chu kang. But I am concerned if we will be subject to handle huge loan.
Please advise us on the above.Thanks.
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