Frequently Asked Questions
Pre Contract
Contract
Post contract
Misc
CPF
Bank
Law
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- A1 SHOULD I APPOINT AGENT OR DIY?With property portals like propertyguru, SRX, 99.co, edgeprop, you can choose to DIY. Or you can also engage an agent to save the hassle of keeping track of the(…) Read More
- A2 Do I NEED TO SET ASIDE BASIC RETIREMENT SUM (BRS)?That would depends on the property you are purchasing and your profile. You can find out more here. Read More
- A3 SHOULD I TAKE A BANK LOAN OR HDB LOAN?In short HDB loan provide more stability as they do not fluctuate plus they are more compassionate should one have difficulties repaying the housing loans. On another(…) Read More
- A4 WHY ARE SOME LAW FIRM MORE EXPENSIVE?Different law firms different price, Here are 3 things you need to ask Does it includes $500 mortgage stamping fees. Does it includes GST. Which bank panels you(…) Read More
- A5 APPOINT HDB LAWYER OR PRIVATE LAW FIRM TO DO MY HDB PURCHASE?Using bank loan = engage private law firm. Using HDB lawyer = engage HDB lawyer. But there are instances where a private law firm might be better ie if you sell a HDB &(…) Read More
- A6 I USED MY CPF FOR INVESTMENT, HOW LONG IS IT TO LIQUIDATE IT?It takes 2-3 weeks to liquidate them. Its advisable to check with your broker on the time and cost to sell the products and take note of the maturity date (if any). Read More
- A7 HDB LOAN FIRST, THEN REFINANCE TO PRIVATE BANK LOAN?This is a great way if you have little cash on hand. Taking a HDB loan, you are entitled up to 85% loan versus 75% loan from bank loan This means a world of different(…) Read More
- A8 ARE PROFESSIONAL INDEMNITY OF A LAW FIRM IMPORTANT?Yes they are, and its required for them to have in an unlikely situations they get sued. You can read more about it here. Read More
- A9 WHAT HAPPENS IF I EXERCISE MY OTP BEFORE ACCEPTING MY BANK LOAN.You need to call HDB officer and inform them you have mistakenly signed the OTP before you accept the bank letter of offer otherwise you cannot do the resale(…) Read More
- A10 CAN MY SA BE USED FOR BUYING PROPERTY?No you cant, you can only use OA for property. Ordinary Account (OA) – for housing, CPF insurance, investment and education. Special Account (SA) – for investment on(…) Read More
- A11 WHAT DOCUMENTS WILL MY BANKER NEED FOR MY LOAN?Personal & Property Information NRIC (for Singaporeans and PR) / Passport (for foreigners) of all applicants HDB Flat & Financial Information* Option to Purchase(…) Read More
- A14 I AM OVERSEAS, CAN UOB ACCEPT MY POA TO SIGN THE MORTGAGE DOCS?Yes if the attorney is also the next flat owner. UOB can accept signing the mortgage with a POA only if the attorney is also one of the flat owner. UOB cannot(…) Read More
Do Intent to buy / get a Housing loan eligibility / go for hdb viewings