keltan8 0 Report post Posted April 23, 2013 hi, asking on behalf of colleague :1) Already loan 2 times from HDB ... 1st flat was 4 room resale from open market2) Current one was new 5 room from HDB since 2001Can he buy BTO ?Yes or NO and what procedure needed ?Thanks ! Share this post Link to post Share on other sites
therat 18 Report post Posted April 23, 2013 the 1st 4 room resale , did he apply CPF grant?If yes, NoIf No, yes but need to pay resale levy in CASH5-room $45,000 Share this post Link to post Share on other sites
keltan8 0 Report post Posted April 25, 2013 the 1st 4 room resale , did he apply CPF grant?If yes, NoIf No, yes but need to pay resale levy in CASH5-room $45,000Thanks 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 loanSo if can buy BTO, how he going to settle the loan ? from BANK ?Thanks again Share this post Link to post Share on other sites
therat 18 Report post Posted April 26, 2013 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 loanSo if can buy BTO, how he going to settle the loan ? from BANK ?Thanks againCurrent one was new 5 room from HDB is already consider taking CPF grantCPF grant is different from near parents grantIf buy BTO, subjected to $45k resale levy. This need to paid in CASHSince already took 2 CPF concession rate loan, then BTO will be bank loan. Share this post Link to post Share on other sites
keltan8 0 Report post Posted May 10, 2013 Current one was new 5 room from HDB is already consider taking CPF grantCPF grant is different from near parents grantIf buy BTO, subjected to $45k resale levy. This need to paid in CASHSince 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 Share this post Link to post Share on other sites
therat 18 Report post Posted May 10, 2013 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 followshttp://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatApplyHDB?OpenDocumentThen can you roughly explain what typewhat is what type?and how much he need to fork out for the new BTO ?depend what type of room he want laeg, how he pay downpayment,CPF.If CPF not enought CASH + CPFhow much can loan from bank ... bla bla bla ..depend how their combine salary and age Share this post Link to post Share on other sites
keltan8 0 Report post Posted May 14, 2013 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 followshttp://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatApplyHDB?OpenDocumentwhat 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 30kintend 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 Share this post Link to post Share on other sites
keltan8 0 Report post Posted July 2, 2013 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 followshttp://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatApplyHDB?OpenDocumentwhat 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 30kintend 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 Share this post Link to post Share on other sites