AskGuru Q&A Community

hi,
1 st your girl friend is your spouse ?
if not you are not eligible to buy HDB. Read More

hi if you are intending to get married, you can buy a 4 room unit of your choice under the fiance and fiancee scheme, do let me know if this is the case and you can call me 93698269  tks Read More

Evening,

To purchase resale HDB unit, you and your girlfriend must apply the unit under fiance and fiancee scheme.
For the COV component, you can try to get personal loan from financial institute.
I would advice both of you to work out your requirement, in cash terms, prior to start working on the rest of the details.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More

If you have a lower cov budget,you should consider units with 'Selling' constraints and limitations. You will have advantage in buying. Engage an agent who can assist and confirm your financial planning. The S&P process needs careful and confident planning in financial and timeline especially with HDB, CPF, bank and lawyer etc.Recently my client bought a condo while 'holding on' to a HDB flat and they need the 'funds' for the condo. Hence, they have to sell their HDB unit. Please check this site www.catherinepang.com Read More

Dear buyer,

Low COV or no COV is possible but very few and far between. If I am a buyer, if an owner is willing to sell me at a low COV or no COV, I'd be worried if there is something wrong with the unit on sale.

Based on your combined income, I'd say getting a bank loan for your purchase should not be a problem, and am confident that you should be able to save up a tidy sum of money to be used for your COV in about 6-12 months as you need to bear in mind that after purchasing, you are still required to take a renovation loan. Taking into consideration all these, you will be paying interests for all the loans being taken up, therefore would you still want to take up a personal loan for the COV portion? Do not overstretch yourself in any purchase.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More