Buying a Flat..

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coarls
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Buying a Flat..

Post by coarls » Tue, 21 Feb 2006 4:59 pm

Any PR's here planning or have already bought a flat (be it HDB or condo) here in Singapore?? I just thought that it's a good investment specially if were staying here with our the family in which we are renting out the whole place so better we are paying for the flat of our own..than paying rent because I'm thinking that we are just paying for the owner/landlord's monthly installment for the house...

If ever, have any idea in buying re-sale flats here??
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Siong2
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Re: Buying a Flat..

Post by Siong2 » Tue, 21 Feb 2006 10:16 pm

coarls wrote:than paying rent because I'm thinking that we are just paying for the owner/landlord's monthly installment for the house...

If ever, have any idea in buying re-sale flats here??
You are right, the amount of rent you paying can easy cover the instalment for HDB. End of the day, the flat is yours. :wink:

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coarls
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Post by coarls » Wed, 22 Feb 2006 11:17 am

true very true...I have talked with an agent and asked for financial plan if ever I will buy a 5I (5 Room) flat...and the total is less than what I'm paying for rent now (in a condo...).
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PR buying HDB

Post by mjka » Sun, 17 Sep 2006 3:01 pm

I am also PR (married to a Singaporean) and looking at buying an HDB. I found the HDB website rather confusing. What is the best way to approach this? I figure that we have a bit more to consider compared to 2 Singaporeans buying an HDB.
Any PR in the same situation willing to share some experience? PM me if you like.

hei guess what
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Re: PR buying HDB

Post by hei guess what » Mon, 18 Sep 2006 2:01 pm

mjka wrote:married to a Singaporean
So long as 1 of the applicants is Singaporean, just follow instructions for Singaporeans

New Flat
http://www.hdb.gov.sg/fi10/fi10201p.nsf ... enDocument

Re-Sale Flat
You may even be eligible for the Family Grant especially if you purchase a re-sale HDB flat within 2 km from your parents-in-law's place
http://www7.hdb.gov.sg/__48257038002F0D ... 9EE73?Open

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Re: PR buying HDB

Post by lookeo » Mon, 18 Sep 2006 10:53 pm

mjka wrote:I am also PR (married to a Singaporean) and looking at buying an HDB. I found the HDB website rather confusing. What is the best way to approach this? I figure that we have a bit more to consider compared to 2 Singaporeans buying an HDB.
Any PR in the same situation willing to share some experience? PM me if you like.
Look in the Straitimes classified. Of course, before that, u have to check your financial status (dont over commit), and also discuss which location/estate both of you prefered etc. Not too complicated i think.

The HDB website is a mess if u ask me :p

good luck!

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Re: PR buying HDB

Post by sundaymorningstaple » Tue, 19 Sep 2006 10:31 am

hei guess what wrote:
mjka wrote:married to a Singaporean
So long as 1 of the applicants is Singaporean, just follow instructions for Singaporeans

New Flat
http://www.hdb.gov.sg/fi10/fi10201p.nsf ... enDocument

Re-Sale Flat
You may even be eligible for the Family Grant especially if you purchase a re-sale HDB flat within 2 km from your parents-in-law's place
http://www7.hdb.gov.sg/__48257038002F0D ... 9EE73?Open
I'm a PR married to a local and that is exactly what I did back in Jan '99. Bought a 5I 4 br resale with 1st time buyers grant and parents living with us grant. Payment are the same as what I was paying Premas for a black & white in Seletar at the time. (only 14 year mortage) will be paid off in 7 years. Free rent even if I sell it at what I paid plus interest. (Bought it a the absolute bottom of the financial crisis with regard to property prices - it bottomed out in Jan '99 and then started rebounding. It's still worth more that what I paid for it.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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Post by marj_kee » Tue, 19 Sep 2006 11:06 am

I have a friend who's 23 years old, single, PR, and just started working recently. What would be the best option/recommendation/advice ?

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Post by lookeo » Tue, 19 Sep 2006 11:38 am

marj_kee wrote:I have a friend who's 23 years old, single, PR, and just started working recently. What would be the best option/recommendation/advice ?
Single PR cant buy a HDB flat, even if its resale.
can buy condo if he/she have the financial means though.

If not get married to a singapore spouse and then can get a resale flat together.

If not then rent a room or a flat.

Not much choices I guess.

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Post by marj_kee » Tue, 19 Sep 2006 1:20 pm

lookeo wrote:Single PR cant buy a HDB flat, even if its resale.
can buy condo if he/she have the financial means though.

If not get married to a singapore spouse and then can get a resale flat together.

If not then rent a room or a flat.

Not much choices I guess.
Thanks, lookeo ...

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