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Good afternoon Ivy,

Both of you must be SPR for at least 3 years before you are eligible to purchase a resale HDB.

I am afraid to let you know that your current finances on hand might not be enough to purchase a property worth up to $600k.

As SPR, you will need to prepare at least 28% of the purchase price as initial outlay.

1) 20% downpayment
2) estimated 3% buyer's stamp duty
3) 5% additional buyer's stamp duty
4) $3k legal fees
5) valuation fees etc

Hope my explanation helps!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi,

Each of the SPR couple must be PR for at least 3 years before they can purchase resale HDB. For your condo option, your total stamp duties will be approx 8% of purchase price, in addition to the 20% downpayment, hence you may want to reevaluate your options. Thanks and hope to assist further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi!

Thanks for your query!
I recently assisted my client who initially wanted to upgrade to a bigger HDB flat but after working out his finances comprehensively, we secured a brand new EC over the weekend as his finances allowed.

To be able to be succinct and precise:
To kickstart,
We may need to catch up and speak more in details on your finances. I will work out your financial cash flow calculations and illustrate the options you can consider based on the cash projection.

Further on,
We will have your in principal loan approval assessed. With that done, I will succinctly propose developments and units to view for your consideration. Once you have identified your ideal unit, I will step in and help you negotiate for the best possible deal.

A transaction report will be made available to you prior offer stage, so that you can study the transaction caveats of the development and surrounding properties for a greater in depth analysis of the market to ensure you are indeed making the RIGHT offer! A comprehensive customized price analysis chart illustration specific to your chosen property will also be provided to aid in your understanding.

No agent fees is payable for my service and consultation. If you are comfortable with working with me for your real estate needs, I will be most glad to render my services, advise and expertise accordingly and go over all the procedures and regulations involved so that your purchase intention can be taken to the next level.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

About Me-
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Overall Top Achievers
2014 Aug/Sept/Dec ERA Top Achievers
2014 3rd Quarter ERA Top Achievers Read More

Evening Ivy,

For purchase of resale HDB unit, both SPR buyers must fulfill the 3 years holding period. However, for condo, such restriction does not apply. As for the financial aspect, you do have enough for down payment but might be slightly short for ABSD payment. We will also need to understand how much mortgage loan is eligible for you before I can provide you with a detailed financial planning.

Do contact me further if you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi.
Lets discuss in details.
I am contactable via 91442664  .
Tricia Tan 91442664  Read More