HDB Questions

[testerjp]

Will there be a lot of difference if my combined salary is $10k versus $12k?
Assume buy resale.

 

[GeraldineT]

I tot the Average gross monthly household income for example
Me: Income $6000
Spouse income: $3500

Should be $9500

yap. thanks for bringing it up.
have edited.

 

[GeraldineT]

Will there be a lot of difference if my combined salary is $10k versus $12k?
Assume buy resale.

only diff is the HLE loan?

 

[KyoShi]

Hi guys, just want to check does being a school loan guarantor affect the HDB loan for BTO eligibility or the credit score?
Thanks

 

[hwmook]

I tot the Average gross monthly household income for example
Me: Income $6000
Spouse income: $3500

Should be $9500

HDB use 12 month total income divided by 12 months so your bonus, OT also get normalised. So you cannot just add monthly basic to get the amount.

 

[Gixxerfied]

Income use to calculate grant does not include vb or aws.

And SHG is only for 4rm and below in non mature estate.

 

[sentsggirls]

Bto online application must pay 10 bucks ?

Planning to try apply feb18 geylang area.

If I get the info from my girl and ownself apply
Possible ?

I did check eligibility in hdb website with info input.

How u guy decide 3 or 4 room bto
Based on combined income?

Or how much per month to pay for loan?

 

[Sakagamii]

bto app is $10.

not sure what u mean by ownself apply. if u have enough details and the relevant payslips shld be no prob if u wan apply in secret lol

 

[GeraldineT]

Bto online application must pay 10 bucks ?

Planning to try apply feb18 geylang area.

If I get the info from my girl and ownself apply
Possible ?

I did check eligibility in hdb website with info input.

How u guy decide 3 or 4 room bto
Based on combined income?

Or how much per month to pay for loan?

I would calculate the income base on now and forecast the same amount for the next few years then how much loan needed and per month affordability as I prefer to pay via cash

 

[unwanted]

If one takes a grant from the government for buying a resale flat, will he be slapped with resale value when he buy a bigger hdb in future or sell his current resale flat?

Someone told me that if you take the grants from HDB for the resale, you not only need to pay the grants with accrued interest when you sell the property. HDB will take a percentage of the selling price. How true is that?

 

[Gixxerfied]

IF you took a housing grant and buy a resale, next time when sell to get a bigger resale. No resale levy impose. Resale levy applicable only if you decide to sell and buy a subsidised flat(BTO, sobf)..

That is not true. All sales proceed after deducting remaining loan would go back into your CPF o/a account(Including grants and all accrued interest). You can then use it for ur next property purchase.

 

[sentsggirls]

Will it be wise to start off with 3 or 4 room at non matured for first timer bto?
Was thinking in future then upgrade.

Budget 300-450K
Can get 4 room non matured ?

If got 100k in cpf
I buy 350 k bto

Loan will be 250 K?
They will wiped the 100K?
Monthly payment for loan will be paid by future cpf?

 

[Sakagamii]

Will it be wise to start off with 3 or 4 room at non matured for first timer bto?
Was thinking in future then upgrade.

Budget 300-450K
Can get 4 room non matured ?

If got 100k in cpf
I buy 350 k bto

Loan will be 250 K?
They will wiped the 100K?
Monthly payment for loan will be paid by future cpf?

non mature jus whack 4rm lo. and yes yes yes

 

[testerjp]

Application for an HDB Loan Eligibility (HLE) Letter question.

If i don't know what flat to buy, then write how many room flat?

The letter if state 3 room can only be used for 3 room flats?
Cannot apply a letter for 5 room and use it to buy 3 room flats?

 

[arm4da]

Application for an HDB Loan Eligibility (HLE) Letter question.

If i don't know what flat to buy, then write how many room flat?

The letter if state 3 room can only be used for 3 room flats?
Cannot apply a letter for 5 room and use it to buy 3 room flats?

apply for HLE after you have submitted your application for a flat.

 

[testerjp]

Regarding this point from HDB

11 Buyers who have previously owned or sold a subsidised housing unit will be considered as second-timers. Second-timer buyers who wish to buy a second subsidised housing unit will have to pay a resale levy. The levy must be paid in one cash lump sum before they can collect keys to a new flat. Flat owners who do not buy a second subsidised flat from the HDB need not pay the resale levy. The amount of resale levy payable will depend on when the flat owners sell their first subsidised flat. If the flat was sold on or after 3 March 2006, the resale levy payable is a fixed amount based on the flat type of the first subsidised flat. Please refer to the table below for information on the amount payable.


Amount of Resale Levy Payable under the Revised Policy (from 3 Mar 2006)
2-room
$15,000

3-room
$30,000

4-room
$40,000

5-room
$45,000

Executive Flat
$50,000

Executive Condominium
$55,000

If I buy a resale HDB and take the following grants
1. Family Grant
2. Proximity Housing Grant

In future when I upgrade to a bigger resale flat.
Can I still get the Family grant and the Proximity housing grant?
Will I be required to pay the resale levy?

 

[Gixxerfied]

Regarding this point from HDB


If I buy a resale HDB and take the following grants
1. Family Grant
2. Proximity Housing Grant

In future when I upgrade to a bigger resale flat.
Can I still get the Family grant and the Proximity housing grant?
Will I be required to pay the resale levy?

1) No
2) No

First resale u took both grant. Sold it and brought another resale at market price. No grant again cost the grant u took from the first is still with you after u sell, no resale levy cos the 2nd resale not eligible for grant and is considered as not subsidised flat since purchase at market rate.

 

[GeraldineT]

1) No
2) No

First resale u took both grant. Sold it and brought another resale at market price. No grant again cost the grant u took from the first is still with you after u sell, no resale levy cos the 2nd resale not eligible for grant and is considered as not subsidised flat since purchase at market rate.

if u took ahg/shg before, for ur 2nd house u still can get Proximity Housing Grant (PHG) of $20,000 isn't it? for resale.

cause under the terms it only state Household Status: You have not received the PHG previously.

 

[Gixxerfied]

if u took ahg/shg before, for ur 2nd house u still can get Proximity Housing Grant (PHG) of $20,000 isn't it? for resale.

cause under the terms it only state Household Status: You have not received the PHG previously.

If first round buy BTO and took both ahg/shg, 2nd round resale likely possible to get proximity. This would be better to confirm with HDB.

In the post i reply to, he mention taking both grants for resales.

 

[Pokémon]

Loan will be 250 K?

It depends on your combined income. Based on the calculator, a combined income of $3,800 should be able to obtain $251K HDB loan.

Monthly payment for loan will be paid by future cpf?

Again, it depends on your income. The monthly repayment will be around $1,140. If the combined income is $3,800 (to meet loan amount requirement) or higher, then yes, the loan can be paid by future CPF. You can opt to repay by Cash+CPF though, not just CPF alone.