HDB loan for mixed couple

[Edmundfo]

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?

[durain]

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

[Edmundfo]

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]

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?

[chixchix]

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