Free advice/discussion on buy/sell of Resale flat (Part 6)

[henrylbh]

heard singaporeans age 55 years and above buy resale flats, hdb will gave 50 percent discount. is this true?

Cant believe you believed what you heard.

 

[Ronaldo88]

heard singaporeans age 55 years and above buy resale flats, hdb will gave 50 percent discount. is this true?

Sibei funny lo..

 

[swift24]

heard singaporeans age 55 years and above buy resale flats, hdb will gave 50 percent discount. is this true?

Haha sure bo!! Not everthing is sg50... later small print say the lease is 20 year only ans must pay within 10 years

 

[ahyong81]

heard singaporeans age 55 years and above buy resale flats, hdb will gave 50 percent discount. is this true?

Un un un un un unbelievable, thats what you are....

 

[popdod]

Trolls oso come here troll.

 

[lengendhw]

I saw a resale flat with recess area. The sellers have gated it and shifted the main door to it. Almost all the same unit numbers have done the same thing.

How to confirm the recess area is legally bought and done up accordingly to hdb regulation? If it is in the valuation report, can it be confirmed legally bought? And after the hdb officer inspected the flat (is it before 1st appointment), if he never says anything, means all ok?

 

[xiao_cai7]

Request your agent to buy original HDB floorplan. Since its already built in current form, already approved by BCA.

 

[Gribber]

Request your agent to buy original HDB floorplan. Since its already built in current form, already approved by BCA.

The original floor plan might not be updated.

Mine is 1 such example. Doors and walls arrangement have been changed before. Checked with HDB they told me they wouldn't update it despite approving the design.

 

[NikNikNik]

I will be exercising my otp soon to purchase my resale flat. I will be going under the non citizen spouse scheme. Do my spouse need to be present for the first and/or second hdb appointment?

 

[vinz]

1st appointment , yes .
2nd appointment , no.

 

[NikNikNik]

1st appointment , yes .
2nd appointment , no.

Thank you for the reply vinz.

 

[hahnhahnhahn]

Anybody keen to share why Blk 150 Bt Batok St 11 S(650150) the Lease Start Date is 01 Jan 1998 (Remaining Lease:81 years) where its surroundings blocks are mostly in the 1984s? Blk 150 has only 4 floors and has shophouses at the ground floor..

 

[only_lonely]

Got the flat and loan from hdb. 25Yrs and 1.7k installment from cpf, 100+ from cash.
Now i have spare fund about 80k. Should i pay to hdb or refinance for bank loan? I am weak in finance, not sure pay the hdb loan quickly is better for future? Or put the money for deposit interest better?

 

[sugaricing83]

Got the flat and loan from hdb. 25Yrs and 1.7k installment from cpf, 100+ from cash.
Now i have spare fund about 80k. Should i pay to hdb or refinance for bank loan? I am weak in finance, not sure pay the hdb loan quickly is better for future? Or put the money for deposit interest better?

hmm.. i am not good in finance too, but i feel cash is king. if any emergencies, you will need cash. the house is "worthless" as you can't sell within the next 5 years should you need money urgently.

maybe you can consider using half of the money to buy blue chips to collect dividends? some blue chips give dividend of 4-5% per year. then the rest use it for emergencies.

 

[only_lonely]

hmm.. i am not good in finance too, but i feel cash is king. if any emergencies, you will need cash. the house is "worthless" as you can't sell within the next 5 years should you need money urgently.

maybe you can consider using half of the money to buy blue chips to collect dividends? some blue chips give dividend of 4-5% per year. then the rest use it for emergencies.

I see...never do such investment. Always place in fixed deposit account. Any lobang? Pm me...as this is not right thread.

 

[sugaricing83]

I see...never do such investment. Always place in fixed deposit account. Any lobang? Pm me...as this is not right thread.

lol, i heard from my boss la.. i am not an investor myself.

for ocbc account, you can get 3.5% interest which is higher than fixed deposits. http://www.ocbc.com/personal-banking/accounts/360-account.html

 

[dilphinus]

I viewed a flat that I'm keen in and made an offer. Seller wants slightly higher which is within my budget. My concern now is that it was last transacted at $323k in April and seller is asking for $275k. Is there something I should be concern of? I did check if there are loan shark problems though.

 

[crandfs]

Check if he already bought new unit. Ask him if he can move out by 2nd appointment.

And check for loansharks by also asking the neighbours and looking for signs of fresh paint or smudges of incompletely removed paint.

 

[dilphinus]

Check if he already bought new unit. Ask him if he can move out by 2nd appointment.

And check for loansharks by also asking the neighbours and looking for signs of fresh paint or smudges of incompletely removed paint.

The unit is empty. I can actually start reno after the 1st appt. Will talk to the neighbours later this evening.

 

[crandfs]

The unit is empty. I can actually start reno after the 1st appt. Will talk to the neighbours later this evening.

In that case, he could be in a hurry to sell because he got a new house already, so he want to avoid ABSD or other IRAS, grant, HDB etc related restrictions. If so then you very lucky