2.485 and 2.481. So sorry, paiseh nya...

2.4968 at raffles. Cool! However so far in town...

First get a banker to evaluate your credit and give you an AIP (approval in principle), using that you know how much can you loan.

For HDB, ensure that you do not have a long term plan to invest anywhere elase for the next 5 years. For PR, you can only buy resale HDB/EC.

i suggest you to buy EC (5 year old EC), those will be a full fledge condo after 10 years.

2 bedder are very hot, if you want very dirt cheap, check out Melville Park, 750k for 2 bedder. But downside, its a little india there. Price stagnant for very long.
Else, airstream, just TOP this year, but 2 bedder there very small, hardly a real 2 bedder. Or Beacon Height, newly TOP too, hovering around 1.1m

Or places like changi or flora drive, mostly still below 1mio for 2 bedder and spacious. One thing all these are very far from MRT and a distance from bus stop.

Usually can appeal for extension from govenment but also depends, if its a prime area, very likely gov will take back.

Thanks.

How long is the validity period for this AIP before I need to be reassessed? Will different banks give different loan amounts? Typically how much is the charges?

If I happened to purchase HDB, would I be restricted on overseas home purchase?

Once the lease expires, is the government reimbursing the tenants based on market value or is it a communist showdown with bulldozers and detonators?

The AIP only an in principal approval at the point of submission, you need to get a new ones after you sign your OTP (option to purchase).

while Sg govern restrict the purchase of  foreign property, just pandai pandai dont get caught. However, if you do, you will get heavy penalty to the point of repossession of your HDB. I just attended RES course (real estate sg course) and most of the repossess case are reported by neighbours and friends (jealousy).

No reimbursement for expired leasehold, you are buying a leasehold property hence value correspond with the lease tenure. Maybe reimburse you the balance of lease according to market value.

AIP is free. But banks should give the same AIP. remember to get valuation as well!

just asking,  with the completion of RES course can you provide your service to do valuation for HDB?

Noler. just can be an agent only

Hi Ches_gal,

I can see from your avatar that you're a Malaysian Investor in SG. Just out of my curiousity to know are you a PR? 

Noler. just can be an agent only

It's required for you to get an EP. Avoid importing spoilt products haha

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Added on July 11, 2012, 11:28 pm

First condo 20% subsequent property 40%
If buy hdb cannot buy any private prop be it in sg or overseas within 5 years of MOP.

HDB downpayment also 20%? Killing man... Imagine 500k hdb, 20% downpayment + admin fee $18k + COV $15k. Cash need to standby = $133k? Haven't count the renovation too... Can easily to need prepare $150k for  hdb buyer. Imagine as an employee with median income range let say $4k, after cpf $3.2k, how are you gonna save and many years you need to get $150k? I wonder how you guys did that.

can always settle for a 350k-400k HDB mah...CoV at 15k....where can get? rough average its min 25k!!

HDB downpayment also 20%? Killing man... Imagine 500k hdb, 20% downpayment + admin fee $18k + COV $15k. Cash need to standby = $133k? Haven't count the renovation too... Can easily to need prepare $150k for  hdb buyer. Imagine as an employee with median income range let say $4k, after cpf $3.2k, how are you gonna save and many years you need to get $150k? I wonder how you guys did that.

If you earn only $4K a month, you need to target those HDBs further out and smaller costing $200+K. Don't try to run with the big dogs.

em 3K also tak sampai
habish lah camni...

If you earn only $4K a month, you need to target those HDBs further out and smaller costing $200+K. Don't try to run with the big dogs.