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Me and my wife to be are 25 this year with a combined income approximately $5k. We intend to buy a executive maisonette for our first home after we get married but not too sure whether we are eligible/afford it. Our budget is not over $530k. Do we need to fork out cash for the upfront or downpayment? Do we get grants if stay near to our parents? Can we use the hdb loan? Thanks
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6 Answers

Please email dfsr2010@gmail.com or call 94386522  to discuss your requirements and financial needs.
David PN Read More
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YT Tan (陈永达)
Good morning,

you are eligible for max 90% HDB loan if one of you is a Singaporean and the 10% downpayment can be fully paid by cpf.

Based on your combined income, you should be eligible for $330k loan, $40k housing grant, $5k additional housing grant and $20k proximity housing grant if both of you are Singaporeans and staying within same town or 2 km from parents.

Without taking into account your cash or cpf on hand, you should be able to afford a 4rm flat in most estates.

Do share more information with me so I will be in a better position to advise you further. Cheers!

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R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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Hi,

Whether need to fork out cash depends on the cpf oa you have in total and the grants you can take and be eligible for. Yes if within 2km of your parents house, you can get proximity housing grant of 20k. Which EM location are you looking at? If you don't have major debt obligations, you should be able to loan around 330k for hdb loan.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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SMU BBM (Finance), Magna Cum Laude

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Thanks Ivan! :) Read More
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Hi. Let me walk you through the entire process with breakdown of the financials. Yes you will have proximity grant plus others grants should you are available.

I would be contactable via 91442664  for a detailed chat.
Tricia Tan
 91442664  Read More
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Good morning,

Firstly, either one of you need to be SC in order to be eligible for HDB Housing grant and loan. You will then also be eligible to Proximity grant if your choice of unit is within the same estate as your parent's unit or within 2km distance from 2 different estate.
As for the feasibility of your plan, it would depends on how much CPF and cash you have on hand, where is either of your parents staying (as some estate do not have EM units) and how much loan both of you can obtain based on your credit and income status.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Robbie Chen Chee Howe
Hi Sir,

Congratulations on your impending marriage and taking your first steps to home ownership!

I can see that you're a very young couple that's just setting up your small family.

May I know if you plan to have any children in the next 2-3 years? Do you really need the space of an EM if it's just the 2 of you?

Before I can propose any properties to you, allow me to understand your situation better, so that I can propose to you the best option that caters to your needs and objectives.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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