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I'm local born SG citizen,single,56yrs.(F). works in USA for many years.Looking for 2-3rms(resale flats) around Taman Ho See/Jln BT.Ho Swee.Need a loan with the lowest interests.Annual yearly income amt US$35,000. Heard SG govt.grants for single's buyer S$15,000? How much my own cash upfront payment for all expenses & charges should I pay? How many years of loan Can I get? Tenure of years left from resale property if interested? How can I settle those paper works when I am here in the States? Thank u so much!
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2 Answers

Aaron Chong
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Hi Ms Tan, I could refer you to my banker with regards to your questions. Regards Aaron 9730 8455  aaronchong2774@yahoo.com.sg Read More
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  • CT
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    My email address is ctan14@live.com; thank u so much, Mr. Aaron chong.,really appreciates it very much,have a good day.......
YT Tan (陈永达)
Replied
Good morning! Due to income ceiling of $5k SGD, you will not be eligible to take up the HDB grant of $15k SGD under Single Singapore Citizen scheme. Due to your income, you only be eligible to take up bank loan. You should be eligible to take up 80% loan to retirement age of 65 years old in Singapore. If you are keen to take a longer loan tenure, bank might only be eligible to loan you up to 60%. Nevertheless, do let communicate with my panel of bankers to advise you on your loan quantum and packages. Upfront cash outlay could be: - Cash over valuation - 20% downpayment (5% cash 15% cpf) if able to take 80% loan - buyer's stamp duty - resale submission - valuation - agent's commission If you are referring to Bukit Ho Swee, they are left with around 56 years. The paperworks can be couriered to you and you might need to appoint a power of authority to attend and sign documents on your behalf for two HDB appointments. Hope it helps! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
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  • CT
    Replied
    About the two HDB appointments; do I need to go down personally for those interviews or just using my power of attorney? Moreover, I did check on my CPF; was told there isn't any money to use it to purchase a resale flat at all. Thank u so much for the advise & opinions, u've given me in a prompt response! Really appreciates it a lot,sir !

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