Asked by
Hi, we are currently staying in a 4 room flat near Balestier. My brother will be 35 yrs old in sep. would like to check if he can buy over the current flat from my parents and we would like to use part of the money to purchase a small condo. My bro's salary exceed 5k and is unable to get HLE, can this still be done?
0
688 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

5 Answers

Hi,

Yes it can be done. His income should not exceed 6k if he intends to take HDB loan, otherwise need to take up bank loan (max 80%). May I know which condo are you considering? Thanks and hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
0
Afternoon,

Your brother can buy over the unit with HDB loan as the current income ceiling for single scheme is $6k.

Do contact me further should you require further assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Hi,

Yes it can be done as the income ceiling as of yet is $6k.
Perhaps you could furnish me with your finances and objectives of your condo purchase ( own stay / investment) so that I can conduct progressive payment and computations to asses the options. There is no fees payable for private property purchase and you will be guided all the way, step by step.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May/June/ July ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More
0
  • DC
    Does he still need to pay 5% cash if he is able to apply HLE.
    Can everything be paid using cpf? The condo will be for investment for the start or it might be for staying after period.
  • DC
    Does he still need to pay 5% cash if he is able to apply HLE.
    Can everything be paid using cpf? The condo will be for investment for the start or it ,isn't be for saying after period.
YT Tan (陈永达)
Good afternoon,

If your brother is able to obtain 90% HDB loan, he can pay the 10% downpayment fully by CPF funds.

Hope my explanation helps!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More
0
GAN ENG JOO ONASSIS
Hi,

Re: One Stop Services for SG properties

We can assist you based upon your stated contents and walk you through the entire process.

Tell us more about your requirements and locations, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389 
Email: Onassis@sgrealtor.com
Skype: incomecare

Trusted Real Estate services led by our SG featured branding.

SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.CommercialSingapore.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions