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Thread: First time HDB resale flats buyer...

  1. #41
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by melvin View Post
    There is no income ceiling (unless applying for CPF Housing Grant).

    To Buy EC need at least one SC to buy.

    Afraid not true, both my future wife and myself have exceeded the 8K income ceiling to qualify to purchase new 4 or 5 rm HDB flat. Needless to say to qualify any HDB grant. Only option for us is to buy re-sale, EC or condo
    Unless we choose to purchase a new EC, then we can qualify for the 30K grant.

  2. #42
    Senior Member melvin's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by Adrian View Post
    Afraid not true, both my future wife and myself have exceeded the 8K income ceiling to qualify to purchase new 4 or 5 rm HDB flat. Needless to say to qualify any HDB grant. Only option for us is to buy re-sale, EC or condo
    Unless we choose to purchase a new EC, then we can qualify for the 30K grant.
    Oh is it? Can i check wif u the both of u Singapore Citizen? If SPR then of cos cant buy direct from HDB(regardless of income) only Resale n EC(at least a SC). Condo sure can!

    But if u are SC then if ur gross income ceiling is more then 8k then they will not allow u to be flat at subsidise rates no direct "Cos to them u r rich ... should give the chance to poorer ones"

    U buy EC just for the $30k Grant???

  3. #43

    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by melvin View Post
    Remember to call me if u have intention to sell n buy! Will help u get the best price
    Hehe.......i know you lar........you know me too.......we are staying nearby lar.........you forgot liao.......PM me to find out more juicy details about me.

  4. #44
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by xunjas View Post
    buy the unit within own budget.. cash can be used for better reasons..
    u have good location, so spend more on reno is alrite
    my friend got his flat @ tampines street 42 (4RM S type) for 220k @ valuation price..
    May I know what is the total square feet/meter for this type of flats? Do advise & thks.

  5. #45
    Senior Member xunjas's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by Adrian View Post
    Afraid not true, both my future wife and myself have exceeded the 8K income ceiling to qualify to purchase new 4 or 5 rm HDB flat. Needless to say to qualify any HDB grant. Only option for us is to buy re-sale, EC or condo
    Unless we choose to purchase a new EC, then we can qualify for the 30K grant.
    wow.. steady.. save money by buying hdb ones.. hehe..

  6. #46

    Default Re: First time HDB resale flats buyer...

    If you are a first timer, you can buy from the resale market or HDB direct. My advice usually for first timers is to go for HDB loan as it is pegged. For bank loans its around 4% for the first year and slowly increases up to the 3rd year.

    For HDB loan u use 10% CPF for downpayment and 90% loan from HDB.

    Stamp fees and conveyancing fees will also be deducted from CPF.

    The cash that is required are for:
    1. Cash above valuation
    2. HDB registration
    3. Caveat fees
    4. Fire Insurance
    5. Utility deposit
    6. Agency fees + 7% GST

  7. #47
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by melvin View Post
    Oh is it? Can i check wif u the both of u Singapore Citizen? If SPR then of cos cant buy direct from HDB(regardless of income) only Resale n EC(at least a SC). Condo sure can!

    But if u are SC then if ur gross income ceiling is more then 8k then they will not allow u to be flat at subsidise rates no direct "Cos to them u r rich ... should give the chance to poorer ones"

    U buy EC just for the $30k Grant???
    Yes both of us are Singaporeans, and yes sadly we cannot buy directly from HDB. Even if my in-laws are staying with us, we also cannot qualify for living near or with parents grant with the more than 8K income ceiling
    The 30K grant applies to new purchase of EC only not resale.

  8. #48
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by Blade777 View Post
    If you are a first timer, you can buy from the resale market or HDB direct. My advice usually for first timers is to go for HDB loan as it is pegged. For bank loans its around 4% for the first year and slowly increases up to the 3rd year.

    For HDB loan u use 10% CPF for downpayment and 90% loan from HDB.

    Stamp fees and conveyancing fees will also be deducted from CPF.

    The cash that is required are for:
    1. Cash above valuation
    2. HDB registration
    3. Caveat fees
    4. Fire Insurance
    5. Utility deposit
    6. Agency fees + 7% GST
    That depends on bank loan that you applied for. So far the more attractive loan is from POSB with the first year interest at 2.88% followed by 3.85%, then 4% after that. But do check their rates as they may varies.

  9. #49
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by xunjas View Post
    wow.. steady.. save money by buying hdb ones.. hehe..
    Save money is 1 thing, just make sure total gross income dont exceed 8K.

  10. #50
    Senior Member melvin's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by Godzilla Invades View Post
    Hehe.......i know you lar........you know me too.......we are staying nearby lar.........you forgot liao.......PM me to find out more juicy details about me.
    Oh no !!! I've been stalked!!!

  11. #51
    Senior Member melvin's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by Spectrum View Post
    May I know what is the total square feet/meter for this type of flats? Do advise & thks.
    4s there are 2types:
    1) 4 standard = approx 73sqm.
    2) 4 simplified = approx 85sqm.

  12. #52
    Senior Member xunjas's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by Adrian View Post
    Save money is 1 thing, just make sure total gross income dont exceed 8K.
    yeah.. buy e flat before 8k ceiling.. hehe..

  13. #53
    Senior Member xunjas's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by Blade777 View Post
    If you are a first timer, you can buy from the resale market or HDB direct. My advice usually for first timers is to go for HDB loan as it is pegged. For bank loans its around 4% for the first year and slowly increases up to the 3rd year.

    For HDB loan u use 10% CPF for downpayment and 90% loan from HDB.

    Stamp fees and conveyancing fees will also be deducted from CPF.

    The cash that is required are for:
    1. Cash above valuation
    2. HDB registration
    3. Caveat fees
    4. Fire Insurance
    5. Utility deposit
    6. Agency fees + 7% GST

    or 5% if buy before the gst hike.. hehe

  14. #54
    Senior Member melvin's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by xunjas View Post
    or 5% if buy before the gst hike.. hehe
    Buying of residential property no GST involved unless it is the agent's commission!

  15. #55
    Senior Member xunjas's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by melvin View Post
    Buying of residential property no GST involved unless it is the agent's commission!
    tt's 1% commission payable by buyers..

  16. #56

    Default Re: First time HDB resale flats buyer...

    yup, commission=Agency Fees

  17. #57
    Senior Member xunjas's Avatar
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    Default Re: First time HDB resale flats buyer...

    money money money.. so much money needed.. haha..

  18. #58
    Senior Member melvin's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by xunjas View Post
    money money money.. so much money needed.. haha..
    Bo bian ... staying in spore mah... wat to do?

  19. #59
    Senior Member xunjas's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by melvin View Post
    Bo bian ... staying in spore mah... wat to do?
    buy a caravan and kun in the carpark bah.. ..

  20. #60
    Senior Member melvin's Avatar
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    Default Re: First time HDB resale flats buyer...

    Quote Originally Posted by xunjas View Post
    buy a caravan and kun in the carpark bah.. ..
    Then Auntie will come knocking on your door....telling u no camping in the carpark...

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