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Hi,
I'll be eligible to purchase a HDB flat base on single age 35yrs old next year. I would like to start working out my finances to determine my affordability. Could you also advise the things (financially, regulations, etc) to look out for? Thanks!
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5 Answers

Hi, pls feel free to give me a ring with regards to the questions you might have for the purchasing of HDB resale unit.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More
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YT Tan (陈永达)
Good evening,

Do take note that to be eligible for Single Singaporean Citizen Scheme. Yes you have to be at least 35 years old and must be a SC.

Maybe you can share more information about your finances (cash and CPF on hand) so I can advise you on your financial plan and provide you with a flowchart on HDB purchase.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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Evening,

For purchase of HDB unit, you will need to know if you have exceeded the income ceiling. This would indicate if you are eligible for HDB loan and housing grant.
You will also need to know how much loan you will be eligible for, based on your credit and income status. With all this data, alongside with your CPF OA, we can work out on your affordability on the purchase, based on your preferred location and housing size.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi
It is great that you are planning ahead.
You will need to know if you have hit the income ceiling by next year for HDB loan for single applicant cap will be at 5k. If you have exceeded 5k, you will need to take a bank loan.
Would you like to write to me at silviac@singnet.com.sg so that I can explain to you as clearly as possible on the whole process and what to expect.
Silvia Chua, silviac@singnet.com.sg 9750 8318  Read More
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Angela Chua 蔡斯淇
Hi,

In order to qualify for HDB loan and Single Grant of $15k, your gross monthly income must not exceed $5k.

If your income exceeds $5k, you will have to take up a bank loan. Take note that for bank loan, you have to put a downpayment of 5% in cash of purchase price.

Feel free to contact me if you have further queries.

Thank you.

Angela Chua
Propnex Realty Pte Ltd
H/P: 9323 3330  Read More
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