Guide to buying a Resale flat in SG
Before you start reading, make sure you are eligible to buy a resale flat in Singapore. You also have to make sure you are 35 years old (and above) and is not a discharged bankrupt. So, without further adieu, I will not bore you with long introduction and let's just cut to the chase on the steps when buying a resale HDB flat (via the Single Scheme route). Step # 1: Registering for Intent to Buy (FREE!) You need to only arm yourself with a knowledge of your past 3 months salary (excluding current month and excluding bonuses - that means your gross monthly salary before deductions, basically what you and your employer agreed when you signed on the contract). You need to fill this one up online. An intent is valid for 1 year. Choosing the loan (HDB vs Bank Loan) As I don't want to complicate things and I do not want to fork out that much cash for down payment this year, so I've decided to go with an HDB Loan payable for 25 yea...