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HDB Questions

Asked by AlexAung 6 May 2013

We are Singapore PR and thinking to purchase a 4 room HDB flat (3 bedrooms).
We have a combine income of $7.000 per month and $70,000 in our CPF's ordinary account.
Can we buy a flat before we married?
How much cash do we need?

Regards,
Alex

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3 Answers

Previously Asked Questions

Mike Lim · Answer 1 · 2013-05-06T13:01:21+08:00

Mike Lim

Replied 6 May 2013

Afternoon Alex,

you can purchase HDB resale unit under Fiance / Fiancee scheme. However, you will be required to produce your ROM cert within 3 months from key collection or stapulated date for your ROM.
Being PR, you will be liable for 5% ABSD. Upon getting 80% loan, you will need at least 5% in cash, though you can use CPF for the balance 15%, as downpayment. Not forgetting your legal fee and stamp fee. Hence assuming that you are buying a unit with $450k value and $30k COV, you will need around $157k, inclusive of 20% downpayment, excluding comm.

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

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Agnes Tan · Answer 2 · 2013-05-07T12:34:55+08:00

Agnes Tan

Replied 7 May 2013

Dear Alex,

Good day to you!

Prior to your question, I would love to meet you and your spouse to understand more personal details before I can assist your further.

Hope to hear from you soonest!

Warmest Regards
Agnes Tan
agnestan77@gmail.com
9029 4911 Read More