Hi all, I'm planning to purchase my first property which is a subsale unit worth 400k.
I know there's some sort of incentive offered by the gov for first time house buyers but I'm not really clear about it.
I also planned to take money from my EPF's 2nd acc to put a a downpayment for the house, must I first pay the downpayment before applying for the withdrawal?
Another thing is, my wife planned to withdraw her epf as well to be use for renovating the house, can she do that? She has an existing property but never took her epf out before.
Appreciate to get some input on the above.

101 golden rule for 1st time home buyer

Rent before buy

U cant refund if (actually no way can refund)
- Developer aftersales is too terrible
- Built quality (some issue impossible to fix, especially highrise)
- nearby living environment
- Neighbors quality


Rent before u buy
Like married a girl
As simple as that

No test direct deposit and live in

Congratulations. U will regret

This post has been edited by ifourtos: Mar 4 2019, 02:31 PM

if subsale 400k, better buy in july for stamp duty exemption

subsale no incentive if not mistaken

must sign spa before take epf

maybe ur wife can withdraw her epf as downpayment first.

Hope it helps

for the incentive on stamp duty for subsale i think is only 300k and below now, project have better package actually where u will get 1mil mot and 2.5mil loan stamp duty waiver.
EPF withdrawal should be fine as long as you have not taken any money before.
u can withdraw 10% + 10% for renovation for epf part.

Why not consider new project in the same or nearby area? with HOC going on for the 0% downpayment and free MOT + nowadays developers are giving out free SPA & loan legal. I find no rational reason to buy subsales in this market at the moment.

I am new here maybe I might be wrong, would welcome your opinions.

just because of these perks justify you should buy new units?
I'd strongly disagree with your point.

In this case, 1st home buyers have to buy subsale and not new projects?

why not? why must buy new?
why must buy before anything completed?