Getting a BTO can be really tough, especially if the application rate for that particular flat is really high!
For my first application, I received the sad news that my queue number was higher than the number of available flats.
Here’s what will happen next if you have exceeded your queue number:
Last updated on March 1st, 2022
If you want to take a HDB loan, you will receive a Home Loan Eligibility (HLE) letter which tells you the amount that you can borrow.
However, you may receive a huge shock when this amount is much lower than you expected!
Why is this so, and how can you increase your HLE amount?
Here’s what you need to know.
Last updated on July 20th, 2022
If you’re considering to buy a resale flat instead of a BTO, the costs that you need to pay will be slightly different.
The amount that you’ll need to pay in cash may be higher for a resale flat!
So how much should you be saving up for if you want to buy a resale flat?
Here’s what you need to know.
Last updated on July 20th, 2022
You may have heard of the Enhanced CPF Housing Grant (EHG) which helps to offset the purchase price of your HDB flat.
However, how can you qualify for it and how much can you receive?
Here’s what you need to know.
Last updated on July 16th, 2022
When you’re applying for your HDB flat, you may have come across the Fiancé / Fiancée Scheme.
This is one of the ways that makes you eligible to apply for a flat.
So how does this work and what are the eligibility criteria?
Here’s what you need to know.
Last updated on July 20th, 2022
You’ve decided to apply for a BTO with your partner when both of you have not started work yet.
You may think that it’s a smart move since you both don’t earn any income. So this means that you’ll receive the highest amount of CPF Housing Grants, right?
However to qualify for the Housing Grant, either one of you needs to be working for the past 12 months!
So how can you qualify for the housing grant?
This is where the Deferred Income Assessment comes to play:
Last updated on July 20th, 2022
You may be considering applying for an HDB flat, but one of the eligibility criteria is the income ceiling.
This income ceiling, or average gross monthly household income, is also applicable when you are applying for your CPF Housing Grants.
The way that HDB calculates the formula may be different from what you think!
Here’s what you need to know to determine your household’s income ceiling:
Last updated on July 21st, 2022
The downpayment is the first financial hurdle you’ll face when purchasing a BTO flat.
However, how much do you actually need to pay, and when do you have to pay it by?
Here’s everything you need to know:
