First time buyer of HDB

• Alfresco coffeeshop

  30 Sep 05, 07:18

  I am 25 yers old. I wish to buy a Flat neatr to my parent's home
  
  I heard there is grants given for
  
  1) 1st time buyer
  2) Near parent's home
  
  So i understand that the first time buyer grant is 30-40K?
  Then buy near parent house still get grant also?
  
  altogether u save how much?
• Mr Fugue

  30 Sep 05, 07:30

  by destiny, you came to the wrong place, at the wrong time, posting the wrong things............
• Mr Soh

  30 Sep 05, 07:46

  Let me introduce u to the real world brother:
  
  http://singabloodypore.blogspot.com/2004/07/mumbo-jumbo-hdb-reply-on-flat-pricing.html
• Homebody

  30 Sep 05, 09:28

  Originally posted by Alfresco coffeeshop:

  I am 25 yers old. I wish to buy a Flat neatr to my parent's home
  
  I heard there is grants given for
  
  1) 1st time buyer
  2) Near parent's home
  
  So i understand that the first time buyer grant is 30-40K?
  Then buy near parent house still get grant also?
  
  altogether u save how much?

  FYI, to buy flat, you need a family nucleus. If you are buying as a single you have to be 35 or older. At 25, sorry you cannot buy without a spouse.
  
  First-time buyer (with spouse) of RESALE HDB flat gets grant - Either $30K OR $40K
  You get $40K if you buy a flat that's within 2 km from your parents or in the same town
  Otherwise, you only get $30K.
  
  As a first-time Single buyer (must be >35 yrs old), you get only $11,000 grant
  
  However, you have to fulfill the first criteria on either getting a spouse or >35 yrs old before you can buy flat and get grant.
  
  Clear?
• Alfresco coffeeshop

  30 Sep 05, 21:23

  so altogeter i get $51000 off?