HDB loan for mixed couple

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Edmundfo
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HDB loan for mixed couple

Post by Edmundfo » Wed, 19 Mar 2008 3:57 pm

I am planning to move to Singapore and buy an HDB together with my fiancé who is a Singapore citizen. From checking out HDB's web pages I get the impression that an HDB loan is more attractive than a bank loan. Any particular reasons why the HDB loan should be preferable? Also, I own a house back home. Will that make it more difficult to get an HDB loan, or can it be circumvented since my fiancé does not own any property?

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durain
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Post by durain » Wed, 19 Mar 2008 8:07 pm

you need to be a PR to be able to buy a HDB.

Edmundfo
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Post by Edmundfo » Wed, 19 Mar 2008 9:05 pm

I thought that only PRs and citizens could get into the subsidised market, but apparently there is something called "Non-Citizen Spouse Scheme", where it says

'Citizenship
You must be a Singapore Citizen.
Age
You must be at least 21 if your spouse is holding a social visit pass (including work permit) of at least 6 months.'

I dont see why they should talk about social visit passes or work permits if this applied to PRs.

yoongf
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Post by yoongf » Thu, 20 Mar 2008 12:56 am

Edmundfo wrote:I thought that only PRs and citizens could get into the subsidised market, but apparently there is something called "Non-Citizen Spouse Scheme", where it says

'Citizenship
You must be a Singapore Citizen.
Age
You must be at least 21 if your spouse is holding a social visit pass (including work permit) of at least 6 months.'

I dont see why they should talk about social visit passes or work permits if this applied to PRs.
http://www.hdb.gov.sg/__48257038002F0DC ... 8CFD4?Open

I suppose u are referring to this scheme. It mentions buying from the OPEN MARKET on the top paragraph. Buying HDB is one thing, getting HDB concessionary loan is a different topic altogether.

Owning a foreign property does not qualify for HDB concessionary loans, which is at a lower interest rate compared to bank loans.

http://www.hdb.gov.sg/fi10/fi10201p.nsf ... using_Loan

Then again.. who will know u own a foreign property?

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chixchix
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Post by chixchix » Thu, 20 Mar 2008 7:44 pm

From what I heard is that HDB has ceased giving out loans.You may want to double confirm that.
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