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Hi,

Yes, you're eligible to purchase a resale HDB flat under Public Scheme.

You may wish to apply for a HFE to determine the amount of loan you can get for the purchase?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi there!

Here’s how you can approach this situation:

- Since the SC (student) has $0 income, they won't be able to take a loan themselves.
- The SPR (single parent) can apply for a loan based on their income and age. The Total Debt Servicing Ratio (TDSR) will cap their loan repayment at 55% of their gross monthly income.
- For HDB resale purchases, they may qualify for the HDB Concessionary Loan or bank loan. It’s essential to check if they meet the criteria for any CPF housing grants available for first-time buyers.
- As for the loan amount, it depends on the SPR’s income, age, and other financial commitments. A mortgage advisor can help assess the maximum loan they can get.

Thank you.

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Without knowing the loan quantum available as well as the loan tenure to work out on the financing aspect of the purchase, it is impossible for us to provide any good suggestion to you. While HDB resale is a good option, it also depends on the aspirations of the owners.

By heading into a HDB, considering that the child gets older and decides to settle down and purchase a place on his/her own with the partner, the parent as a SPR will be unable to retain the HDB, unless the parent takes up citizenship successfully.

It will be good to do up the numbers first before deciding.

——

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

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1. **Eligible for Purchase**: Yes, you can buy a resale HDB flat under the Public Scheme.

2. **Apply for HFE**: Consider applying for a Home Financing Evaluation (HFE) to find out how much loan you can get for the purchase.
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