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5 unexpected mistakes homebuyers make when buying a condo

Buying a condo is no doubt an exciting time in any Singaporean’s life, especially if it’s the very first property purchased.  Developers do their best to sweeten the deal and drum up fanfare by throwing in crazy incentives to entice buyers, such as winning luxury cars and lucky draws. Mont Botanik Residence gave away S$50,000 in...

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Do younger homebuyers in Singapore still believe in a ‘forever home’?

If you’re new in the homebuying process, people may have asked you if you’re looking for a ‘forever home’ or a ‘starter home’. This is because, in the old days when our great grandparents or grandparents buy a home (or build one), they usually stay put, plant roots and settle down like they’ve discovered oil...

The post Do younger homebuyers in Singapore still believe in a ‘forever home’? appeared first on 99.co.

Comment on HDB grants for couples – Quick guide (with updated infographic) to resale HDB and BTO grants for couples by Virginia Tanggono

In reply to <a href="https://www.99.co/singapore/insider/hdb-grants-for-couples/#comment-165555">Suria Revi</a>. Yes, you may be eligible for the staggered downpayment scheme if the SBF flat you're applying is not completed yet. If you're taking HDB loan, the first 5% is to be paid during the signing of the Agreement for Lease, while the other 10% is to be paid during the key collection. You can read more about it here: https://www.99.co/singapore/insider/bto-payment-timeline/ https://www.hdb.gov.sg/residential/buying-a-flat/new/schemes-and-grants/staggered-downpayment-scheme As for PHG, you won't be eligible for it since it's only for resale flats.

Comment on HDB grants for couples – Quick guide (with updated infographic) to resale HDB and BTO grants for couples by Virginia Tanggono

In reply to <a href="https://www.99.co/singapore/insider/hdb-grants-for-couples/#comment-160160">Tree</a>. The grant is only eligible for Singaporeans, so whether your wife is a PR or not, the grant amount you can get will be the same. But you may be able to get a S$10,000 Citizen Top-Up Grant if someone in the family (your wife or child) gets Singapore citizenship. You can read more about it here https://www.hdb.gov.sg/cs/infoweb/residential/servicing-your-hdb-housing-loan/citizen-topup

Comment on HDB grants for couples – Quick guide (with updated infographic) to resale HDB and BTO grants for couples by Virginia Tanggono

In reply to <a href="https://www.99.co/singapore/insider/hdb-grants-for-couples/#comment-158309">TAY HUA SIOK</a>. If your husband is not a PR, then you'll be buying under the Non-Citizen Spouse Scheme. This means that the grants you're eligible for are similar to what a single would get: Singles Grant and Enhanced CPF Housing Grant (EHG) for Singles. For a 4-room resale flat, the Singles Grant amount you can get is S$25,000. The EHG amount depends on your income, so the maximum account you can get is S$40,000. You can read more about it at this page https://www.hdb.gov.sg/residential/buying-a-flat/resale/financing/cpf-housing-grants/noncitizen-spouse-scheme

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