Hi Heena,
You have to be a Singapore Citizen or Singapore PR in order to purchase a HDB flat. On top of that, you have to meet the eligibility conditions. You can get these on www.hdb.gov.sg
For both private properties and HDB properties, the stamp duty is standard.
Based on purchase price,
1st $180K - 1%
2nd $180K - 2 %
$360K and above -3% less $5400.
As for the procedures, option money is $1000 max for HDB and $4000 max upon exercise of option. From option to completion, there are 2 apppointments you need to attend at HDB.
Pte pty require 1% of purchase price for option money and an extra 4% upon exercising of options. From exercise date till completion is 8-12 weeks, depending on date agreed by both seller and buyer.
There are many other details such as bank loan, letter of offer, etc which cannot be explained in detail over a brief answer.
Do call/email me should u need more info.
Jenna Tong ERA
jenna.tong@yahoo.com.sg
8298 3379
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