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Good afternoon,

Since both of you just turned SPR in March 2014, you have to wait 3 years till March 2017 before you are eligible to purchase a resale HDB.

As SPRs, you are only eligible to apply for bank loan. If you are able to obtain 80% bank loan, 20% downpayment will be 5% cash and 15% CPF OA funds or cash if shortfall.

Other fees will be estimated 3% buyer's stamp duty (of purchase price), 5% additional buyer's stamp duty as SPR, legal fees, valuation fees, resale submission fee, agent fee (1% plus 7% GST of purchase price) etc.

The initially outlay inclusive of CPF downpayment will be around $168k based on $600k property.

If both of you feels that 3 years is too long a period to wait, you might consider purchasing private property.

If you need any assistance in your property purchase, feel free to contact me. Cheers!

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

Hi,

To purchase a resale HDB, both SPR applicants of the household have to be SPRs for at least 3 years from date of PR issuance. Will you be open to resale condos instead? Thanks and hope to hear from you soon.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More