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

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vinz

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How does HDB determine the max amount of loan we can take?
Based on your combined salary and the financial commitment you have monthly.

To be very sure, apply for a HDB LOAN ELIGIBILITY letter (HLE).
It's free. And better be sure then to guess how much your max loan will be.

Pls click : Application For HDB Loan Eligibility(HLE)
If we want buy a resale at 700K and can down 300K does that means we can take 400K loan from HDB? Or is there a cap?
As above, the loan is determine by your salary and commitment, and not by HOW MUCH YOU NEED you will get.

For CPF, can we wipe out our CPF for the downpayment as well?
If taking HDB loan they will wipe out all your CPF in ordinary account as downpayment.

For bank loan you can determine the figure you want to use as long as you have enough to pay for 20% minumum downpayment.
(5% of this 20% will be in complusory cash)

vinz
 

Ca5per

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My wife (S-pass, still pending for PR) and I (SPR) are planning to get a resale flat. What are the Grants/Subsidies that we are entitled to for first time applying?
 

Shimmie

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My wife (S-pass, still pending for PR) and I (SPR) are planning to get a resale flat. What are the Grants/Subsidies that we are entitled to for first time applying?

I thought SPR now need to wait 3 years before can purchase resale flat?
 

michael_thm

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My wife (S-pass, still pending for PR) and I (SPR) are planning to get a resale flat. What are the Grants/Subsidies that we are entitled to for first time applying?

zzz foreign dogs still want grants and subsidies...zzz
 

therat

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My wife (S-pass, still pending for PR) and I (SPR) are planning to get a resale flat.

You can't buy resale flat. wait for 3 yrs after your wife get PR if she got it
What are the Grants/Subsidies that we are entitled to for first time applying?

Grants and subsidies is only for SINGAPOREAN NOT PR.
 

kwon33

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Basically, PRs have to pay extra if they want fight with Singaporeans for HDB flats. If do not wish to pay, pls consider private properties and let poor Singaporeans who are struggling to get a flat have their basic wishes.
 

Ca5per

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I forget to mention, one important point

You don't have Grants and subsidies but you will get ABSD 5%

IRAS: Additional Buyer's Stamp Duty on Purchase of Residential Properties

Additional Buyer's Stamp Duty
b)(i) SPR would have to pay ABSD of 5% on the purchase or acquisition of their first residential property.
ok, thanks therat!

Anyway, how about the non-citizen spouse scheme? Can it be applicable to both new and resale flats? Does this scheme entitles to any grants/subsidies?

Thanks!
 
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therat

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ok, thanks therat!

Anyway, how about the non-citizen spouse scheme? Can it be applicable to both new and resale flats? Does this scheme entitles to any grants/subsidies?

Thanks!

resale , can. But 1/2 grants.

But non-citizen spouse scheme, 1 party need to be Singaporean. PR not count.
 

Ca5per

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My wife (S-pass, still pending for PR) and I (SPR) are planning to get a resale flat. What are the Grants/Subsidies that we are entitled to for first time applying?
Alamakkkk.

Just noticed I wrote wrongly.

Should be:

My wife is S-pass, still pending for PR) and I (SC) are planning to get a resale flat. What are the Grants/Subsidies that we are entitled to for first time applying?

Any different for grants/subsidies and also non-citizen spouse scheme?

Sorry for the inconvenience caused
 

therat

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Alamakkkk.

Just noticed I wrote wrongly.

Should be:

My wife is S-pass, still pending for PR) and I (SC) are planning to get a resale flat. What are the Grants/Subsidies that we are entitled to for first time applying?

Any different for grants/subsidies and also non-citizen spouse scheme?

Sorry for the inconvenience caused

:s13:
I was wondering..
If you are PR , how come your avator so local :s13:

grants/subsidies for non-citizen spouse scheme , is 50% of what 2 SC entitle.
 

wrathofgod

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Hi,

I'm getting my 1st appointment date with HDB next month, may I know does the HDB will start to wipe out my CPF or only when I collect the keys on the 2nd appointment?
 

derrickgoh

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Hi,

I'm getting my 1st appointment date with HDB next month, may I know does the HDB will start to wipe out my CPF or only when I collect the keys on the 2nd appointment?
If u pay by cheque u bring it on 2nd appt. So i guess cpf wiped out after 2nd appt?
 

Ca5per

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:s13:
I was wondering..
If you are PR , how come your avator so local :s13:

grants/subsidies for non-citizen spouse scheme , is 50% of what 2 SC entitle.
haha, paisei pasei!!!!

So if my wife becomes PR.

SC + New PR also must wait for 3 years then can buy resale?
 

MohdNazz

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Hi all & Vinz
Need your help.
Plan to get the cheapest 4 rm unit, which is, $306,000 ( selling price)
i know there is Option fee which $2,000.
And 10% down payment.
But, i really want to know, how much will
the legal & stamp fees be, the exact amount & any other charges.
Pls guys, help.

Thanks.
 

Didjerama

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Hi i need help.

I will.be working overseas for 4 years and my house is still nt 5 years yet.will bring whole family.

Can i rent out my whole house?

How much rental can i get ah? Yishun EM...
Basically everytibg in der is for them frm tv bed utensils air con etc.
 
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