Buying a home is a long-term commitment, so it is crucial that you do not overstrain yourself financially. Doing thorough research before committing to a flat purchase will help you work out your finances well.
On top of the flat purchase price, buying a flat involves payments for administrative fees, stamp duties, and legal fees. Please be sure to factor those in when planning your finances.
From May 2018 sales exercise onwards, young couples may apply for a flat first, and defer the income assessment for the CPF housing grant(s) and HDB housing loan. Couples who fulfil the eligibility conditions may have their income assessed nearer to their key collection appointment.
We offer housing loan to eligible flat buyers. To see if you can get a housing loan from HDB and the amount you can get based on your financial situation, you need to first apply for an HLE letter.
Financial Institutions (FIs) offer a wide variety of housing loan packages with different features and benefits. If you opt for a housing loan from an FI, please evaluate the available loan packages thoroughly and carefully before deciding on one.
When purchasing a flat, payment is generally made at 3 stages: selecting a flat or submitting your application, signing the Agreement for Lease or Option to Purchase, and when collecting your keys.