soffa88 Posted July 9, 2019 Report Share Posted July 9, 2019 Hi, Im 29 this year, thinking of getting own house when i reached 35, i know that i can find another single person to share to purchase a house, may i know what will be the down-payment for cash if buying resales flat? and is there any other requirement ? and is there anyone willing to purchase shared house? Quote Link to comment Share on other sites More sharing options...
fab Posted July 9, 2019 Report Share Posted July 9, 2019 (edited) 2 hours ago, soffa88 said: Hi, Im 29 this year, thinking of getting own house when i reached 35, i know that i can find another single person to share to purchase a house, may i know what will be the down-payment for cash if buying resales flat? and is there any other requirement ? and is there anyone willing to purchase shared house? At 35, u don't need share ownership. You can own one hdb. Edited July 9, 2019 by fab Quote 鍾意就好，理佢男定女 never argue with the guests. let them bark all they want. 结缘不结怨 解怨不解缘 After I have said what I wanna say, I don't care what you say. 看穿不说穿 Link to comment Share on other sites More sharing options...
Guest Sport-coholic Posted July 9, 2019 Report Share Posted July 9, 2019 10 hours ago, soffa88 said: Hi, Im 29 this year, thinking of getting own house when i reached 35, i know that i can find another single person to share to purchase a house, may i know what will be the down-payment for cash if buying resales flat? and is there any other requirement ? and is there anyone willing to purchase shared house? There're still 6 years, rules may change again. Quote Link to comment Share on other sites More sharing options...
Nipoet Posted July 23, 2019 Report Share Posted July 23, 2019 On 7/9/2019 at 9:17 PM, soffa88 said: Hi, Im 29 this year, thinking of getting own house when i reached 35, i know that i can find another single person to share to purchase a house, may i know what will be the down-payment for cash if buying resales flat? and is there any other requirement ? and is there anyone willing to purchase shared house? More discussion about this at the thread here: Quote Link to comment Share on other sites More sharing options...
Nipoet Posted July 23, 2019 Report Share Posted July 23, 2019 On 7/9/2019 at 9:17 PM, soffa88 said: Hi, Im 29 this year, thinking of getting own house when i reached 35, i know that i can find another single person to share to purchase a house, may i know what will be the down-payment for cash if buying resales flat? and is there any other requirement ? and is there anyone willing to purchase shared house? But to answer your qns briefly: 1) Down-payment: - 10% of selling price (payable via CPF): if taking loan from HDB/not taking loan at all. - 25% of selling price (not sure if all can be from CPF): If taking Bank Loan. 2) If you reach 35 liao, you no need find 2nd person to buy either BTO or resale flat; You can have sole ownership. Only if you buying BEFORE 35 then you need another person to tag the house to. 3) Other requirements: - Max income, i think. Cannot be earning more than 6k per month, or so. - Cannot have another house liao, be it local or overseas. - Be Singapore Citizen. For detailed discussion, please check the linked topic. Quote Link to comment Share on other sites More sharing options...
lonelyglobe Posted January 3, 2021 Report Share Posted January 3, 2021 On 12/24/2020 at 12:04 AM, Thomstin said: Loans are a very tricky subject. From my point of view, if you want to stay safe, don't get into debt. Better wait a little time, make your own money, and buy your house. I have my property for 25 years, and I am very pleased with it. Recently, I decided to change the floor because it was a little old. I contacted the guys from a great company on our local market, they came with Composite Decking, that I enjoyed very much. Experts used only the best materials on market. They have finished their work in a very short period. I recommend them! Am I the only one feel that this is an advertisement? Ha.... Anyway, I don't think is a good idea to wait, property prices in SG will only goes up, if u want to wait till u can fully pay off, u may never get to buy a house. A housing loan is inevitable for most singles unless u r looking at just a 2 room BTO or your parents are assisting u financially. Important thing is to buy a house within your limits and if there is an extra room, rent it out and let tenant help to pay your loan. Quote Link to comment Share on other sites More sharing options...
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