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Hi,

Congratulations on getting your Citizenship and SPR!

The amount of grant you're eligible for will depend on various factors, like the type of flat you're purchasing, your income, the location you're looking at (whether it's close to your parents) etc.

Grants will be used as part of the downpayment for the flat.

Your budget for the flat will also depend on various factors, like your age, your income (and type of income), your approved loan amount, your existing funds for downpayment, the amount of grant you qualify for etc.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi

According to your profile, you are eligible for family grant of $40 k for 4 room flat or $30k for 5 room flat. In addition, you are eligible for $15k EHG grant as a first timer. As for PHG grant, this depends on whether the flat you purchased is within 4km from your parents which allows you to take up $20k grant. The total grant amount excluding the PHG grant is around $55k for 4 room flat or 45k for 5 room flat or bigger. Grant can be used to offset the 10% CPF downpayment if you take up a HDB loan. Based on your profile. I can assume you are safe to go with a flat costing $450,000 taking into consideration the grant amount and assuming you did not want to top up cash for your monthly mortgage. Do take note in the current market condition, you have to be careful in the purchasing process as many sellers are selling their unit above valuation. If you did purchase a unit above valuation, you are required to top up the difference in price in cash due to CPF limitations. To advise you further on this, I will need more details in regards to your profile. Do contact me at 93375051  for a free and non obligatory discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi,

1) According to MSR assessment, you may loan up to $470k with combined income of $8k, and I also assume both of you are under 40 years old.
2) Grant eligible are:
Family grant ($40k for 4-rm and below, $30k for 5-rm and bigger)
Enhanced Housing Grant:
Assuming your household income is $8k exactly, you are eligible to $10k, but if you are slightly more than $8k but below $8.5k, than your grant is down to $5k.
If yours or spouse's parent who are at least a Singapore Permanent Resident, than you are also eligible for PHG.
PHG is $20k if your or your spouse parent stays within 4km of your purchase. If they are staying with you, you are eligible for $30k.

Without considering PHG, your grant amount is $45k~$50k for 4-rm or smaller, $35k~$40k for 5-rm or bigger.

3) Yes, you may use grant to offset downpayment.

4) You may afford to purchase up to $520k flat.
Your monthly repayment will be $2,123 if you only use grant ($50k) to offset the 10% downpayment.
If you top up another $30k from your OA, your monthly repayment is $2,005.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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