If you are a first-time buyer looking for a flat, it can be a pretty mind-boggling experience. Where do you start, what should you know, and what on earth does 5 I, Std, A, Imp, EA, EM, Jumbo mean?
Here’s where “The Almost Complete Goondu’s Guide to owning a HDB Flat” comes in handy. In the days and weeks to come, the following topics below will be covered. Hopefully, this will help make the whole home ownership experience less confusing and more enjoyable!
If you have tips or things to share with other readers, do leave them in the comments!
Chapter 1: The Consideration Phase
- 1) Who is eligible to buy a resale HDB flat?
2) How much should your house cost?
3) How does location affect cost?
4) When is the right time to buy a flat, and how soon can I get the keys?
5) How big a flat should I get?
6) HDB Flat Types and Models
Chapter 2: The Search
- 1) Should I use a real estate agent? What does an agent do?
2) How do I “Do it Yourself” (DIY) and is it difficult?
3) Things you need to know?
4) What do I need to research before viewing?
4) What do I need to look out for?
Chapter 3: Securing the loan and other costs
- 1) Who is eligible for a HDB loan?
2) Housing Subsidies
3) How do I create an “emergency fund” if I do take a HDB loan?
4) How do I find a suitable Bank loan?
5) How much cash must I set aside to complete the sale?
6) What’s the difference between Joint Tenancy and Tenancy-in-Common?
Chapter 4: Renovating my Flat
- 1) Should I use an Interior Designer?
2) How do I find a contractor?
3) Where can I find out more about the companies I’ve short-listed?
4) How to enjoy 36% discounts off big ticket household items
5) Another chance to save 36% off your household appliances!
Chapter 5: On a budget – The Cheapest resale HDB Flats
- 1) November 2008
2) December 2008
3) January 2009
4) February 2009
5) March 2009
Chapter 5: Questions People Ask
Chapter 6: Miscellaneous
- - Now that I’m married, can we get a top-up grant and refinance to HDB loan?
- Dream Big, Start Small
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Chapter 6: Related Housing Articles
- Recovery Expected Only After Mid-2010
Cash-over-valuation for your HDB Flat? Think again (02Apr09)
Are Housing Prices still too high? (24Feb09)
Property prices, how much lower can it get? (24Feb09)
HDB Defaults – Good or bad News?(23Dec09)
Alt-A and Option ARM – the 2nd wave after Subprime? (17Dec08)
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Tags: goondu's guide, hdb, Housing
[...] #1 Housing, Singapore Watch ver 2.0 17.06.2009 (Part of “The Almost Complete Goondu’s Guide to Buying a HDB Flat in Singapore” [...]
Hi,
1) My parents sold off their HDB 4 years ago and downgraded to a resale flat. To fully pay up the loan, my sister used her CPF and her name was added to the resale flat’s ownership. The rest of the earnings from the sale was used to put back into my parents CPF.
2) Currently, if my sister purchase and moves to a private property, does she need to remove her name from the existing resale flat?
3) And can she use her CPF to buy the private property and service it’s monthly loans?
4) Will the original CPF amount she had used for the resale flat need to be topped up before she can use her CPF for the priate property?
Thank you.
I’m assuming here that minimum occupation period has been met.
No your sister does not need to remove her name from resale flat to get a private property.
I believe she can use cpf to service her private property mortgage only AFTER she sets aside minimum sum in her cpf.
Since the resale flat is still under her name, no money returns to cpf account.
[...] #4 Singapore Watch ver 2.0 17.06.2009 (Part of “The Almost Complete Goondu’s Guide to Buying a HDB Flat in Singapore” [...]
[...] #3 Housing, Singapore Watch ver 2.0 17.06.2009 (Part of “The Almost Complete Goondu’s Guide to Buying a HDB Flat in Singapore” [...]
[...] Big, Start Small Money Saving Tips, Singapore Watch ver 2.0 20.02.2009 (Part of “The Almost Complete Goondu’s Guide to Buying a HDB Flat in Singapore” [...]