FOREIGNER WITH $60K SAVINGS, WANTS TO BUY HDB UNIT IN S’PORE AS AN INVESTMENT
Singapore Uncensored·2024-03-23 19:06
HDB as investment?
Hi Guys, I’m looking to buy a HDB as an investment. Would appreciate some help as I myself am not Singaporean. However my wife and our 2 kids are so I believe we are eligible. I have some basic knowledge of the Singapore market.
Here’s some info about us:
Both under 35 y/o
Looking to BTO (I believe this is where we have to queue/put our names for a ‘chance’ to buy a new HDB)
We have no CPF
Have roughly 60k SGD savings
Want to rent out in the future
Questions:
Is our savings sufficient?
Bank Loan vs HDB loan – I think as we do not have 20% deposit, we have to have a HDB loan, right?
Bank loans – do they offer a loan if all our income is earned overseas?
on HDB loans – why would people want a HDB loan when interest is 1% cheaper usually on bank loans? Is it because of greater deposit required?
Which BTO areas are good? (I want really close to MTR station)
4/5 bedrooms better as investment?
if I complete all my paperwork tonight, is there a long lead time for new HDB units to be built? i.e. Can’t buy one within the next 3 – 6 months?
Any helpful webpages/resources available?
Would appreciate any help you can provide, its hard to understand the intricacies of another country’s market when you’re not in the country.
Property HDB
Comments
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Azizah Asaat 28/03/2024
Apply HFE thru HDB website to see if you are eligable to buy BTO..Doesnt mean you have 60k cash on hand, you get to buy house..
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Guji 28/03/2024
20k mbs 20k rws 🎰 🎲 20k on lottery (4d, toto, xiaocai) heng ah ong ah huat ah
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Ron Kassim reply Guji 28/03/2024
Go casino free entry since he not Singaporean[GRIN]
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Lanka 27/03/2024
Can ask P A P party M P...ha...
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Vonn 27/03/2024
Gd try 😁
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就你啦! 28/03/2024
No worries you go ask the pineapple president he can arrange for you. Guess what only take you S$1,000 only. So no worry ok. Forget about administration cost he already said can Liao. Most likely administration fees all included.
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