How to Buy HDB Flat ?


Like most people, within a short period, my wife and myself struggled with information overload from the advice given by our parents, relatives and friends (some of the advice contradicts each other!). We also had to grapple with the understanding of numerous housing policies and loan structures, which are straddled across overwhelming number of websites.

To put it simply, we were confused and we had many questions that need to be answered. Some of our questions are, as follows :

(a) Should I buy new HDB units or resale?
(b) How much can I loan?
(c) Where should I loan from (i.e. HDB or bank)?
(d) What are the interest rates for the loan?
(e) What portion of my salary should I set aside for monthly loan repayment?
(f) How could I utilize my CPF?
(g) Should I utilize all my CPF?
(h) Am I entitled to CPF housing grant? How much of it?
(i) How should I proceed to buy my house?
(j) What is the house buying process like?
(k) How much are the renovation works?
(l) Are there any money saving tips?

Hence, if you do also have the above questions, you are not alone. My wife and I were in the same conundrum, as you are in now. To make matters worse, there are some unprofessional housing agents out there who are unable to convince and will try to confuse you.

My wife and I had since bought a resale unit and in the midst of doing so, we managed to filter off the either wrong or useless advice, and attain a crystal clear understanding of the housing policies.

We would like to share our knowledge and experience with our book. This book is written from the home owner’s perspective, which is unlike websites owned by real estate companies. It is recommended that you finish reading the book, prior to house hunting. This will make your house hunting process a less stressful one.

Enjoy your house hunting!

Best Regards,
Peter & Clarri
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