First time HDB resale flats buyer...

[Adrian]

There is no income ceiling (unless applying for CPF Housing Grant).

To Buy EC need at least one SC to buy.

:cheers:

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.

 

[melvin]

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 :bsmilie: ... should give the chance to poorer ones"

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

 

[Godzilla Invades]

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.

 

[Spectrum]

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.

 

[xunjas]

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..

 

[Blade777]

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

 

[Adrian]

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 :bsmilie: ... should give the chance to poorer ones"

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

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.

 

[Adrian]

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.

 

[Adrian]

wow.. steady.. save money by buying hdb ones.. hehe..

Save money is 1 thing, just make sure total gross income dont exceed 8K.

 

[melvin]

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!!!:bsmilie:

 

[melvin]

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.

 

[xunjas]

Save money is 1 thing, just make sure total gross income dont exceed 8K.

yeah.. buy e flat before 8k ceiling.. hehe..

 

[xunjas]

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

 

[melvin]

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

Buying of residential property no GST involved unless it is the agent's commission!:bsmilie:

 

[xunjas]

Buying of residential property no GST involved unless it is the agent's commission!:bsmilie:

tt's 1% commission payable by buyers..

 

[Blade777]

yup, commission=Agency Fees

 

[xunjas]

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

 

[melvin]

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

Bo bian ... staying in spore mah... wat to do?

 

[xunjas]

Bo bian ... staying in spore mah... wat to do?

buy a caravan and kun in the carpark bah.. ..

 

[melvin]

buy a caravan and kun in the carpark bah.. ..

Then Auntie will come knocking on your door....telling u no camping in the carpark...:sweat: