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Apply for Oct 09 Sale of Balance Flats
Last Post 14 Mar 2010 10:19 PM by YY. 990 Replies.
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lollie
I'm a teenage Shroomy!
Posts:1265
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| 01 Oct 2009 10:22 PM |
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Posted By halfie88 on 01 Oct 2009 01:28:12 PM
Hi All
WOuld appreciate ur reply if u know u know e ans
I have received my HLE amont fr HDB is $318k. What if if I wan to purchase a flat from HDB that cost ,let's say $440k. I have CPF abt $70k and e AHG i get is $10k. So 318+70+10=398k.
So I stil short of $42k off the flat price. Does it mean that HDB won't let me purchase e flat?
Or i have to top up e shortage in CASH? Bcos HDB only willing to loan me $318k?
Any reply is appreciated.
Thanks
Can try appeal to HDB for higher loan amt.
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starmelody
I'm a baby Shroomy!
Posts:13
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| 01 Oct 2009 10:57 PM |
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ya i observe that most are already over subscribed. i am also interested in applying |
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henny
I'm a young adult Shroomy
Posts:2156
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| 01 Oct 2009 11:50 PM |
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Posted By chino_rene on 01 Oct 2009 09:15:27 PM
2009 april half yearly sales, few particular units at Tivela, Atrina (SK) were at 260K++. the same unit up for sales for now has gone up to 290K and even beyond 300K.
And wasnt it updated that these units were all taken up during 09 half yearly sales? how come now all available again...really so many people give up after paying 2K deposit??
Yes, you are corect. These owners gave up the flats probably due to unforeseen circumstances, like loss of jon, divorce or failure to register marriage after applying under Fiance and Fiancee scheme etc.
As for the $30K increase in price for the units in Seng Kang since the April 2009 half yearly sales. I think Singapore's National Development MInister Mah Bow Tan has clearly indicated to the miedia that HDB prices are headng nowhere except North.
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happydance
I'm a baby Shroomy!
Posts:52
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| 02 Oct 2009 12:50 AM |
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Hey guys I've got some qns...
1. If I've booked a bto flat recently and paid e $2000, can I still ballot for this balance of flats?
2. If I can, how much of the $2000 will I forfeit?? Will it forfeit my 1st timer chance?? The bto only ready in 2013... Zzz so I hope to get new ready ones sigh
pls help!!! |
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PegasusP
I'm a teenage Shroomy!
Posts:862
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| 02 Oct 2009 07:17 AM |
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For those interested and may have missed out this article earlier. Here's more details on the HDB flat sales (current and upcoming):
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Think
I'm a teenage Shroomy!
Posts:1793
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| 02 Oct 2009 07:45 AM |
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happydance : i believe u need to forfeit the $2K if u had pay for it. Also if you ballot for BTO and select a flat. You will lost one chance. |
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Think
I'm a teenage Shroomy!
Posts:1793
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| 02 Oct 2009 09:25 AM |
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Update this morning.
TOTAL 2132 4749 |
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chanela
I'm a toddler Shroomy!
Posts:365
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| 02 Oct 2009 09:39 AM |
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i think pinnacle@duxton has some units released? |
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uglychickenpie
I'm a baby Shroomy!
Posts:7
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| 02 Oct 2009 09:46 AM |
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Can anyone please help me? Im going to try out for the Sale of Balance Flats (Oct). I have some questions. Please help! :)
1. Im a first timer, both single under 30 yrs old. Do we qualify for the 5%-5% scheme for Sale of Balance Flats? Meaning pay 5% during first appointment plus the stamp fees, then second appointment (key collection when the flat is totally built) then pay another 5%. Im choosing a flat that will only be ready in another 3 yrs time. Please correct me if im wrong.
2. Also, are we given the $30K grant for first timers @ Sale of Balance Flats? If yes, does stay near parents ($40K grant) apply for grandparents? Or is this for resale flats only?
3. Can I pay the stamp fees and conveyancing fees using CPF too?
Thanks a million!! :) |
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chanela
I'm a toddler Shroomy!
Posts:365
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| 02 Oct 2009 09:59 AM |
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Posted By uglychickenpie on 02 Oct 2009 09:46:46 AM
Can anyone please help me? Im going to try out for the Sale of Balance Flats (Oct). I have some questions. Please help! :)
1. Im a first timer, both single under 30 yrs old. Do we qualify for the 5%-5% scheme for Sale of Balance Flats? Meaning pay 5% during first appointment plus the stamp fees, then second appointment (key collection when the flat is totally built) then pay another 5%. Im choosing a flat that will only be ready in another 3 yrs time. Please correct me if im wrong. 5%-5% scheme for Sale of Balance Flats. someone enlighten on this scheme? never heard before. is that for 90% loan? sounds like it.
2. Also, are we given the $30K grant for first timers @ Sale of Balance Flats? If yes, does stay near parents ($40K grant) apply for grandparents? Or is this for resale flats only? - 40k apply to new flats too. but i think it refers to your parents only, not your grandparents. and they have to stay w you meaning put their name as occupiers in the papers, otherwise if they currently have a flat under their name they have to sell that away in order for you to get 40k, otherwise stick to 30k.
3. Can I pay the stamp fees and conveyancing fees using CPF too? - yes. stamp fee is frm cpf. conveyancing not sure...but its auto deduct.
Thanks a million!! :)
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Chris
I'm a toddler Shroomy!
Posts:137
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| 02 Oct 2009 09:59 AM |
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Posted By happydance on 02 Oct 2009 12:50:35 AM
Hey guys I've got some qns...
1. If I've booked a bto flat recently and paid e $2000, can I still ballot for this balance of flats?
2. If I can, how much of the $2000 will I forfeit?? Will it forfeit my 1st timer chance?? The bto only ready in 2013... Zzz so I hope to get new ready ones sigh
pls help!!!
1. If you choose to participate in balloting for a SBF flat you will have to give up your current BTO flat and lose all of your deposit.
2. Understand what SBF is, it's basically the sale of repurchased flats, balance of SERS flats and BTO flats, expect every unit to be OVER subscribed, each of the 2,000 odd units WILL BE balloted, you already have chosen a flat which I assume you're more or less happy with, why do you want to give that up and gamble for something which in all odds you probably will not get? You'd be nuts to do it imo.
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Think
I'm a teenage Shroomy!
Posts:1793
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| 02 Oct 2009 10:07 AM |
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1) Also, are we given the $30K grant for first timers @ Sale of Balance Flats? If yes, does stay near parents ($40K grant) apply for grandparents? Or is this for resale flats only? - 40k apply to new flats too. but i think it refers to your parents only, not your grandparents. and they have to stay w you meaning put their name as occupiers in the papers, otherwise if they currently have a flat under their name they have to sell that away in order for you to get 40k, otherwise stick to 30k.
I don't think 40k grant apply for new flats direct purchase from HDB if stay near parent house. That only apply for resale or DBSS. You may consider AHG if salary combine less than 5K.Bcos my colleague brought a hdb directly from hdb first hand and first timer.Don't enjoy the 40K grant for staying near parent house. DOn't mind my correct.
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henny
I'm a young adult Shroomy
Posts:2156
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| 02 Oct 2009 10:13 AM |
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Posted By hohoman on 01 Oct 2009 04:24:38 PM
apply for my hope!!!
haha... Just like buying 4D and TOTO.
No buy, no hope.
Got buy, got hope.
I hope you get your dream flat.
All the best!
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Chris
I'm a toddler Shroomy!
Posts:137
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| 02 Oct 2009 10:18 AM |
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Think is spot on, the CPF Housing Grant Scheme (30k/40k depending on conditions) are only for resale flats.
However the Addtional CPF Housing Grant Scheme applies to both new and resale flats. The AHG is the only grant that can be applied to new flats direct from HDB iirc. |
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chanela
I'm a toddler Shroomy!
Posts:365
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| 02 Oct 2009 10:21 AM |
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Can i ask if my friend wanna apply for pinnacle@duxton,whats the payment scheme like?
2,000 deposit or 5% like dbss? |
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henny
I'm a young adult Shroomy
Posts:2156
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| 02 Oct 2009 10:22 AM |
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Posted By Think on 02 Oct 2009 10:07:49 AM
1) Also, are we given the $30K grant for first timers @ Sale of Balance Flats? If yes, does stay near parents ($40K grant) apply for grandparents? Or is this for resale flats only? - 40k apply to new flats too. but i think it refers to your parents only, not your grandparents. and they have to stay w you meaning put their name as occupiers in the papers, otherwise if they currently have a flat under their name they have to sell that away in order for you to get 40k, otherwise stick to 30k.
I don't think 40k grant apply for new flats direct purchase from HDB if stay near parent house. That only apply for resale or DBSS. You may consider AHG if salary combine less than 5K.Bcos my colleague brought a hdb directly from hdb first hand and first timer.Don't enjoy the 40K grant for staying near parent house. DOn't mind my correct.
To the best of my knowledge, if you buy direct from HDB, these flats are already considered "subsidised" ("subsidised" as in average of recent transacted prices in resale mkt minus $30K).
Hence you only enjoy additional $10K grabt if our new flat is within 2km radius to your parents' existing.
But bear in mind that within 60 months from the date you officially receive your new home keys, if your parents move out of their existing flat to a new location outside of the 2km radius, you are liable to pay back the grant of $10K with interest to HDB.
You also enjoy additional grant if your household income is below $5k for the past 12 mths.
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henny
I'm a young adult Shroomy
Posts:2156
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| 02 Oct 2009 10:24 AM |
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Posted By chanela on 02 Oct 2009 10:21:01 AM
Can i ask if my friend wanna apply for pinnacle@duxton,whats the payment scheme like?
2,000 deposit or 5% like dbss?
Pinnacle @Duxton is a BTO flat, so it should be $2K deposit.
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henny
I'm a young adult Shroomy
Posts:2156
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| 02 Oct 2009 10:25 AM |
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Posted By chanela on 02 Oct 2009 10:21:01 AM
Can i ask if my friend wanna apply for pinnacle@duxton,whats the payment scheme like?
2,000 deposit or 5% like dbss?
Pinnacle @Duxton is a BTO flat, so it should be $2K deposit.
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henny
I'm a young adult Shroomy
Posts:2156
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| 02 Oct 2009 10:26 AM |
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Posted By chanela on 02 Oct 2009 10:21:01 AM
Can i ask if my friend wanna apply for pinnacle@duxton,whats the payment scheme like?
2,000 deposit or 5% like dbss?
Pinnacle @Duxton is a BTO flat, so it should be $2K deposit.
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chanela
I'm a toddler Shroomy!
Posts:365
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| 02 Oct 2009 10:37 AM |
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Posted By Think on 02 Oct 2009 10:07:49 AM
1) Also, are we given the $30K grant for first timers @ Sale of Balance Flats? If yes, does stay near parents ($40K grant) apply for grandparents? Or is this for resale flats only? - 40k apply to new flats too. but i think it refers to your parents only, not your grandparents. and they have to stay w you meaning put their name as occupiers in the papers, otherwise if they currently have a flat under their name they have to sell that away in order for you to get 40k, otherwise stick to 30k.
I don't think 40k grant apply for new flats direct purchase from HDB if stay near parent house. That only apply for resale or DBSS. You may consider AHG if salary combine less than 5K.Bcos my colleague brought a hdb directly from hdb first hand and first timer.Don't enjoy the 40K grant for staying near parent house. DOn't mind my correct.
yea ure right. cos payment scheme for BTO is different.2000 for OTP then 10% by CPF. Sorry i confused u. cos i bought a DBSS and i got the grant so i thought all new ones have.
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