First time.Wah vinz...very uncommon to see you post selling advert on this thread.
Is time really bad for HDB resale?
OK, will note if there is interested buyer on your unit
First time.
Things are moving DOWN very fast...
Those on the market are feeling the impact.
Those not buying or selling of course still think price are trending up,which is not now..
vinz
Hopefully the down trend will continue till 2014 mid, when I am ready to purchase my first roof.
Not strange but ridiculous. HDB should not allow HDB flat owners to own any private property in Sg at all even after MOP. Owning property outside Sg is non of their business as it does not affect the local property market.
Yes you can.Currently staying in EA at Sengkang (MOP of 5 years, first timer direct purchase from HDB, HDB loan), intend to purchase a resale 4rm in AMK. Few questions:
1) Possible to downgrade in this case?
It has turned into a buyer's market now (or very soon). My suggestion is to get your unit on the market and try to sell it off first before you purchase any other units.2) while looking around, should we put our unit on sale or wait?
Contra is a term use for HDB loan for flat being sold,and next to purchase another HDB flat with HDB loan.3) if want to do contra, possible as we intend to take up bank loan for the resale flat.
Yes if you satisfy all the criteria. Do a HLE (HDB loan eligiblity) application to find out whether you are eligible and how much you are able to loan.Possible to take hdb loan?
Pros and cons. Different people different time frame of stay and also different preference.which is better hdb or bank loan
Depends on age, income, debt servicing ration etc. Best to walk in to any bank branches with 2months payslip+15months cpf contribution statement, and ask a banker to calculate for you.4) if to take bank loan, what is the max we can loan? How do they do the calculation?
U r being ridiculous. The purpose of HDBs is to cater to singaporeans. If fgners already owning a foreign property are also allowed to purchase HDBs, it defeats the purpose, and introduces additional demand on the local market, which in turn affects local needy buyers who would need to pay higher prices due to higher down demand. Basic economics.
You get me right or not? Whoever says foreigners can buy HDB?
First time.
Things are moving DOWN very fast...
Those on the market are feeling the impact.
Those not buying or selling of course still think price are trending up,which is not now..
vinz
so what if i have outstanding bank loan, but I am selling off to move to BTO/EC/Condo in 2.5 years later ?
Example, MOP 2.5 years later in May 2017. TOP of next property is End 2017
I am getting conflicting information from sales agent of various different projects. One tells me 1% - 4% - and do nothing else but wait till TOP. Another tells me otherwise. another mentioned what you said " 1% when booking, 4% when exercising top. 15% within 8 weeks of signing s&p. after that is progressive payment of 80% if u have outstanding loan, bank will lend u max 50% and take note of MSR "
My concern is, after signing, bank/developer wants me to pay 50% first (after payment 15%), and I don't have that much cash in hand.
Banks will most likely assign you a lawyer under their company's panel of lawyer list. They will let you sign the LO with the law firm indicated there, and you will just meet up with the lawyers on the day of first appt (HDB) or after that.1. When should the legal firm be involved in the purchase of flat process?
If you have your own desired legal firm, tell the banker before the LO is finalised so that the the legal firm information can be inputted inside the LO.2. Which legal firm should i approach?
Yes if you do not have any.3. Will the bank help me to appoint?
As above.4. Or should i find one now while application is being processed?
est $2500 to 30005. I heard banks no longer subsidize legal fees. What's the estimated legal fees?
HDB registration fees for first appt ($80). Pro rated property tax which HDB officer will calculate for you on the spot during 2nd appt. Should be less than a 100-200 bucks.6. Other than legal fees, stamp duties, paying for the valuation report done by the seller, what other misc charges do i need to note?
You dont have the pay for any report as long as you have the HDB valuation report which is valid at the time of submission for HDB first appt. This should be for pte property.Then there is also Step 6 about formal valuation - which i though i had already submitted to the bank the valuation report? do i have to pay the bank valuer for the inspection/valuation report?
Yes he can provided both person are eligible for it.Father (>55yo) owns a fully paid HDB flat. Son (Single, >35yo) wants to buy a bigger HDB flat. Can he apply for BTO or Sale of Balance Flat jointly with his father? Note: Mother deceased.
He will need to put back, and not able to use at least half of the existing minimum sum (ard 70k thereabout) for his next flat if he is over the age of 55yrs old.If they get the flat, father will sell existing flat and put the money toward the new flat. How much does he need to put back to his CPF?
Many flats are already selling below valuation, but the valuation price of many 3room flats in spore are well above 300k nowadays. (est valuation for 3room is around 320-340k).Hi vinz, i have a aunt which is cashless but cpf rich (have 200k in OA)
Her age is 45 and her pay is abt 4000/mth.
She is looking at purchasing a 3 room resale flat (abt 300k) at zero cov, she is not paticular about location and such.
1) If say she successfully found the zero cov flat, what are the possible upfront cash she have to fork out? (renovation and furniture cost not counted, i refering to those stamp duty, agent commission....)
As long as she is eligible for the 2nd loan, then no issue. Levy is only needed upon buying a Direct flat from hdb, and nothing is needed to be paid if buying resale. Levy and HDB loan are not related.2) She still owe hdb resale levy (abt 90k) as she sold her previous flat but did not return the levy to hdb, thats why she cant apply bto. if she buy a resale, does that affect her in getting the second concessionary hdb loan?
as above.Or she must die die get a bank loan?