hi, asking on behalf of colleague :

1) Already loan 2 times from HDB ... 1st flat was 4 room resale from open market

2) Current one was new 5 room from HDB since 2001

Can he buy BTO ?

Yes or NO and what procedure needed ?

Thanks !

the 1st 4 room resale , did he apply CPF grant?

If yes, No

If No, yes but need to pay resale levy in CASH

5-room $45,000

the 1st 4 room resale , did he apply CPF grant?

If yes, No

If No, yes but need to pay resale levy in CASH

5-room $45,000

Thanks therat ... CPF grant as in something like live near parent bla bla bla ?

Answer is he never apply anything before ... only enjoy both time CPF concession rate loan

So if can buy BTO, how he going to settle the loan ? from BANK ?

Thanks again

Thanks therat ... CPF grant as in something like live near parent bla bla bla ?

Answer is he never apply anything before ... only enjoy both time CPF concession rate loan

So if can buy BTO, how he going to settle the loan ? from BANK ?

Thanks again

Current one was new 5 room from HDB is already consider taking CPF grant

CPF grant is different from near parents grant

If buy BTO, subjected to $45k resale levy. This need to paid in CASH

Since already took 2 CPF concession rate loan, then BTO will be bank loan.

Current one was new 5 room from HDB is already consider taking CPF grant

CPF grant is different from near parents grant

If buy BTO, subjected to $45k resale levy. This need to paid in CASH

Since already took 2 CPF concession rate loan, then BTO will be bank loan.

Thanks therat ...

Then can you roughly explain what type and how much he need to fork out for the new BTO ?

eg, how he pay downpayment, how much can loan from bank ... bla bla bla ..

currently still got outstanding loan of S$60k on current flat

You can buy a flat from HDB under the Build-To-Order System or Sale of Balance Flats. The procedure to buy a flat from HDB is as follows

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatApplyHDB?OpenDocument

Then can you roughly explain what type

what is what type?

and how much he need to fork out for the new BTO ?

depend what type of room he want la

eg, how he pay downpayment,

CPF.

If CPF not enought CASH + CPF

how much can loan from bank ... bla bla bla ..

depend how their combine salary and age

You can buy a flat from HDB under the Build-To-Order System or Sale of Balance Flats. The procedure to buy a flat from HDB is as follows

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatApplyHDB?OpenDocument

what is what type?

sorry, i think i refer to what type of payment need to pay for the new BTO ?

man = 46 yrs, wife = 41 yrs ... current combined cpf only left 30k

intend to buy 4 room, so need how cash on hand and can borrow how much ?

can they wait till shift in new BTO, then sell current 5 room ?

Thanks again

You can buy a flat from HDB under the Build-To-Order System or Sale of Balance Flats. The procedure to buy a flat from HDB is as follows

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatApplyHDB?OpenDocument

what is what type?

sorry, i think i refer to what type of payment need to pay for the new BTO ?

man = 46 yrs, wife = 41 yrs ... current combined cpf only left 30k

intend to buy 4 room, so need how cash on hand and can borrow how much ?

can they wait till shift in new BTO, then sell current 5 room ?

Thanks again