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My family member is a single female around 44 years old currently self employed. She would like to buy a resale 3 room HDB in Serangoon / Ang Mo KIo / YiShun area (since she is not able to buy a 3 room from HDB / BTO). Her current CPF ordinary amount is around SGD 155,000 exclude her investment. May I know is that enough for her to purchase a decent 3 room flat?
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6 Answers

YT Tan (陈永达)
Good afternoon,

May I know how much loan can she obtain? HDB or bank loan?

Do take note that if she earns more than $5k a month, she is not able to obtain a HDB loan.

Looking forward to hear from you soon.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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Afternoon,

Being self employed, does she maintain a standard sets of P&L or does her IRAS filing yearly? If she have at least 3 years worth of positive accounting or filing in hand, she can obtain mortgage loan from bank or HDB (provided her monthly income does not exceed $5k).

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi, generally a 3 room flat at AMK is around 320 - 400K depends on condition. I would suggest to recommend a banker to assist your family member on the loan. Once the loan amount is clear, we can then estimate price of the house to look for.
I have a 3 bed room unit at AMK for sale. I can assist her all the way from now.

I am reachable at my mobile.

CK Ang
 9046 3808 
Vestor Realty Read More
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Dear sir/madam,

$155k itself from CPF is insufficient to purchase a HDB even under current market. Your relative should look into securing a housing loan. To obtain an in principle approval amount of loan, speak to a banker and the banker will advise accordingly what are the documents she needs for processing the in principle approval. Having a $5k income sounds pretty decent for securing of loan provided she has no high commitments financially. If she needs to speak to a banker and has no avenue to call, let me know so I can assist to get the bankers to get in touch with her.

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Geryl LIM

Real Estate Director

Masters Of Real Estate

M.O.R.E Property Pte Ltd (L3010548F)

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Good morning. Let me assist her in getting a unit. Do contact me at 91442664  so I can brief her through the whole buying process.
Tricia Tan propnex
 65 91442664  Read More
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YT Tan (陈永达)
Good afternoon,

She needs to be a Singapore Citizen to be eligible for HDB loan. Is she?

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/HLHDBWho?OpenDocument

As she is self employed, she needs to earn up to $5k to be eligible for HDB loan and she needs to prepare all these documents for Home Loan Eligibility (HLE).

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/HLHDBIncome?OpenDocument

She can apply for HLE via HDB website:

https://services2.hdb.gov.sg/webapp/BP27AWHLEApplication/BP27SHome

If she needs any assistance in her property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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