Query about singles buying HDB flat

sgbdk SG

Hi all:

I'm asking on behalf of a fren who wanted to buy a resale 3 room flat
so i need some help here from some of the bros n sis here

My fren:

1. over 21 under 35
2 . currently staying with mother(divorced) and brother(under 21) at a rented 2 room HDB flat(rented from HDB)
3. single

Here are the query:

1. Under the above mentioned status, is he eligilble to buy a 3 room resale flat together with his mother?

2. is there any grant he is entitle to?

3. any requirement he need to fulfilled?

Pls kindly advise. thanks

^tamago^ SG

http://www.hdb.gov.sg/fi10/fi10201p.nsf/WPDis/Buying%20A%20New%20HDB%20Flat%20(e-Sales)Policies%20-%20Eligibility%20Conditions%20to%20Buy%20a%20flat%20from%20HDB?OpenDocument&SubMenu=Policies

http://www.hdb.gov.sg/fi10/fi10201p.nsf/WPDis/Buying%20A%20Resale%20FlatEligibility%20Schemes%20-%20Summary?OpenDocument

http://www.hdb.gov.sg/fi10/fi10201p.nsf/WPDis/Buying%20A%20Resale%20FlatCPF%20Housing%20Grant%20-%20Singles%20Grant?OpenDocument

sgbdk SG

thanks alot!!

sgbdk SG

thanks to you too bro

sgbdk SG

sorry..

1 more query

is there a minimum sum he must have in his CPF account?

let's say he wants to buy a resale 3 room flat for 200k

Govt grant 30k, i believe he must have 10-20% of the 200k inside his CPF account to pay the deposit or something right?

dcx SG

resale 3rooms so expensive ah?? Think ard 150k~170k.....anyway, say if 200k for that flat and after rebate, left 170k

10% of 170k = 17k need to be downpaid....from CPF....if CPF is less than 17k, say 15k, think need to pay 2k cash bah....

sgbdk SG

its only an example.

thats mean even though if yr CPF have less than 10% of the price.. the remaining you can still use cash to top it up. Eg: CPF have 8k, 17k need to be downpaid so u have must 9k cash right?

its 10% or 20%?

dcx SG

Within my knowledge, the extra cash payment due to insufficient CPF is what i know of.....and it's 10%...not 20%

TehJarVu SG

does one need to take loan from hdb in order to enjoy that $30K grant (for 1st time buyer)?

if a person pay fully using cpf and cash - is he entitled to the $30K grant?

ditzy SG

Must have been employed continuously for the past two years, with cpf statements to prove.

dcx SG

Think 1st timer will take loan from HDB (Think interest lower bah)...anyway, the HDB officer told me that 1st timers all take loans from HDB...didn't tell me if i'm entitled for 30k if i take HDB loan or not...

Think as long as 1st timer, 30k is given.... Laughing

sgbdk SG

ok lets talk abt me..

im 27.. meet all criteria
if i want to buy 4 room resale with my mum..
but my mum now own a 3-room hdb..

does that means my mum have to sell the flat off first b4 i can buy a 4 room flat with her?

so its using the money from the selling off of her 3 room hdb and my cpf to down?

ditzy SG

http://www.cpf.gov.sg/cpf_info/Benefits/HomeOwn/termsandcond.asp

http://app.feedback.gov.sg/asp/let/let01b.asp?replyId=1402