Conditions For Purchasing 3rm Flat

[paapoopa 0]

I heard that to apply for a 3rm flat, theres a condition that the total income cannot exceed $3000 per mth.

Is that true? as my gf and I are thinking of applying for a 3rm flat.

[applefreak 1]

new or resale?

if new think there's an income restriction

check out hdb site for more info

[Phantom 1]

Applicable for New HDBs, I wouldn't worry if i'm getting from the resale market. Please check with HDB and your agent for more details.

==============================================

Buying a 4-room or bigger flat

Your gross monthly household income must not be more than $8,000.

If you are buying a flat with your extended family, your gross monthly household income must not be more than $12,000. Please click here for the illustration on the computation of the higher income ceiling.

Buying a 3-room

Your gross monthly household income must not be more than $3,000.

Buying a 2-room

Your gross monthly household income must not be more than $2,000.

[paapoopa 0]

yap i saw that in the hdb website, but i am not sure if the income ceiling is refering to per person or combine

[zirhk3355 1]

yap i saw that in the hdb website, but i am not sure if the income ceiling is refering to per person or combine

By 'applying' for 3-rm flat, its means new flat and the income ceiling applies.

By 'gross monthly HOUSEHOLD income', it means the declared income of everyone in that HOUSEHOLD, which means combined income lor...

Hope this helps...

[raincole 0]

Buy resale then no need to worry about the income ceiling, therefore en-bloc cash-rich people are buying so much $$ COV.

[Phantom 1]

Buy resale then no need to worry about the income ceiling, therefore en-bloc cash-rich people are buying so much $$ COV.

If i'm not wrong, ppl who sell away private property, within 3 years not allowed to buy HDB even resale.

Can someone confirm this?

[applefreak 1]

dun think so

sell away private property cannot apply new flat or take hdb loan within 30months

if paying cash or take bank loan no problem

[Phantom 1]

dun think so

sell away private property cannot apply new flat or take hdb loan within 30months

if paying cash or take bank loan no problem

thanks for the info applefreak.

[applefreak 1]

thanks for the info applefreak.

you're most welcome