Dear sir/mdm,
SPR is ineligible for HDB loan therefore only bank loan can be utilised to finance the purchase. Both of you will also be required to be at least 3 years PR before you are eligible to purchase a resale HDB.
In terms of financial breakdown, assuming that both of you are eligible to take up the maximum loan of 75%, you will need to have 25% of the funds ready as downpayment, where minimum 5% will be in form of cash and remaining can be CPF and/or cash combined. Do take note that Additional Buyer's Stamp Duty of 5% is applicable on your purchase on top of normal buyer stamp duty of up to 4%. There will also be miscellaneous fees like valuation fees, legal fees, resale application fees and etc that should not add up to more than $5,000.
Home loan assessment can be done prior to the start of home search to ensure that you are aware of the affordability factor and rule out any units and locations that is not within the financial consideration range. I can arrange for an assessment for you with a qualified financial expert absolutely free of charge so that you can embark on your home search as soon as possible.
Do get in touch with us if you have further questions and we are sure to be happy to assist you further.
I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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