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Morning Mani,

To purchase resale HDB unit, both your spouse and you need to be SPR for at least 3 years. ABSD of 5% is payable by cash for purchase of first property by SPR in SG. As for how much loan you can get, that would depend on your income and credit standing. When this figure have being firmed down, we can then calculate how much cash you need.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Mani,

You and your spouse have to be SPR for at least 3 years to purchase a resale HDB. Please contact me at 96659926  / or via email for a non obligatory discussion for me to understand more about your requirements, to propose alternatives to explore your housing options, ascertain your financial calculations, assist in your loan and finance matters. Rest assured, I will walk you through the entire process- from shortlisting ideal units according to your preference, to negotiation, to paperwork to working out financial/legality matters. Have assisted many clients and would to assist you similarly.

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
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Good afternoon Kalai,

To purchase a resale HDB with a foreigner, you must be at least a Singaporean to be eligible under non citizen spouse scheme if not your spouse must turn a SPR and fulfil residency status for 3 years thus as of now, you might only be able to purchase a private property instead.

As for mortgage, you can obtain up to 80% [still subject to mortgage servicing ratio (for HDBs) or total debt servicing ratio(for private property)]. Thus downpayment will be 5% cash and 15% CPF/ cash.

Other fees will be:
1) estimated 3% buyer's stamp duty
2) 5% additional buyer's stamp duty as a SPR (15% if you include your foreigner spouse in the purchase)
3) misc fees like legal fees, valuation fee, stamp duty for mortgage

Probably let my bankers advise you on your in principle approval first before we move on with there.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com Read More