HDB Flat

[Stanong11]

If you are a private property owner, you can own a resale flat as long as you occupy it. Which means you can't leave it vacant.

 

 

 

 

 

[Joseph22]

If you are a private property owner, you can own a resale flat as long as you occupy it. Which means you can't leave it vacant.

 

you can always choose to live in you Private property but dont clock the MOP.

 

my uncle did that. But the reason is because my grandmother is old. so he stay at the landed with her till she pass away.

[Stanong11]

Yap. Under special conditions, you may do that. Just need to inform HDB.

(But I know alot of people don't do that, they sublet illegally instead).

Edited April 8, 2010 by Stanong11

[Windchoco]

no grant for BTO. flat already subsidize.

 

another catch is this. if you are not getting from governement another subsidized flat again. no penalty if yes. you have to pay back base on what size flat you gotten.

 

Got leh I got.... its called the ADHG (Additional housing grant).... Range from 10k to 30k..

 

Maybe my income too low thats y qualify for it....

[Stanong11]

Okay, Yes, your average gross monthly household income for the one-year period is not be more than $5,000.

 

Extract from HDB

 

The Additional CPF Housing Grant (AHG) Scheme, introduced in March 2006, is meant to help citizen families with a steady household income to buy their first subsidised HDB flat. The AHG can be used for the purchase of new, resale and DBSS flats. It is an additional subsidy over and above the regular market subsidy and CPF Housing Grant that new and resale flat buyers enjoy respectively. The scheme was enhanced in August 2007, with the income ceiling and the grant amount raised - to help more households own their first flat.

 

On 6 February 2009, the AHG Scheme was further enhanced, to make owning an HDB home easier for more citizen households - especially the lower-income families.

 

The enhancements are as follows:

 

[Joseph22]

Okay, Yes, your average gross monthly household income for the one-year period is not be more than $5,000.

 

Extract from HDB

 

The Additional CPF Housing Grant (AHG) Scheme, introduced in March 2006, is meant to help citizen families with a steady household income to buy their first subsidised HDB flat. The AHG can be used for the purchase of new, resale and DBSS flats. It is an additional subsidy over and above the regular market subsidy and CPF Housing Grant that new and resale flat buyers enjoy respectively. The scheme was enhanced in August 2007, with the income ceiling and the grant amount raised - to help more households own their first flat.

 

On 6 February 2009, the AHG Scheme was further enhanced, to make owning an HDB home easier for more citizen households - especially the lower-income families.

 

The enhancements are as follows:

 

[Windchoco]

the 5K monthly gross give you 5K grant... a bit of a joke here liao

 

no la, i got >20k.... its good to be "low-income" family in sg.... haha Dats y all the condo dwellers address put hdb and get cash handouts ma...

 

Onli worried abt t&c, nxt time cnnt sell flat or what...

[Joseph22]

no la, i got >20k.... its good to be "low-income" family in sg.... haha Dats y all the condo dwellers address put hdb and get cash handouts ma...

 

Onli worried abt t&c, nxt time cnnt sell flat or what...

 

you get me wrong liao. i mean when you get to 4.5 ~ 5K range. the grant become a bit funny.

[Windchoco]

you get me wrong liao. i mean when you get to 4.5 ~ 5K range. the grant become a bit funny.

 

Its obviously not meant for ppl with combined household income 5k ma... =)

 

So back to my question :

 

When I sell, I need to return them the grant? Or no need?

Edited April 8, 2010 by Windchoco

[Titan275]

sorry TS for hijacking ur post. hi i am new here and i can start a new thread. anyone here rent out their flat or room? how much rent you are charging?

 

I frequently fly around and i feel like renting out my flat, find it wasted to be unoccupied most of the time.

 

I want to know the rate most people charge so I can benchmark my rate too. txs

[Joseph22]

Its obviously not meant for ppl with combined household income 5k ma... =)

 

So back to my question :

 

When I sell, I need to return them the grant? Or no need?

 

you can go HDB website and read about it.

 

so far i read did not say you need to you have to check with HDB directly.

[Aimnfire]

Its obviously not meant for ppl with combined household income 5k ma... =)

 

So back to my question :

 

When I sell, I need to return them the grant? Or no need?

 

The answer is YES

with interest if i'm not mistaken

 

alot of people dont know about returning the grant so when they buy from open market and get the grant. In a few years time the sell to move to a new flat.....guess what, from the profit you made from selling your house, the grant will be return 1st

 

so want to buy, can but dont take the grant if your downpayment is within your cpf

[Joseph22]

The answer is YES

with interest if i'm not mistaken

 

alot of people dont know about returning the grant so when they buy from open market and get the grant. In a few years time the sell to move to a new flat.....guess what, from the profit you made from selling your house, the grant will be return 1st

 

so want to buy, can but dont take the grant if your downpayment is within your cpf

 

can show link?? want to read more about it.

[Aimnfire]

you can go HDB website and read about it.

 

so far i read did not say you need to you have to check with HDB directly.

 

not many people knows and some property agent also wont tell you unless you ask

 

few of my friends kena, so they LL got to return back when they buy another flat as the profit from the previous flat from big cake become small pie after returning the grant

[Introz]

HDB => 1 name = 1 house

Private => 1name = countless, as long u can afford

[Aimnfire]

can show link?? want to read more about it.

 

thats the best part.............

they did not have it

but when you sign up

surprise2, they will explain in detail

[Joseph22]

not many people knows and some property agent also wont tell you unless you ask

 

few of my friends kena, so they LL got to return back when they buy another flat as the profit from the previous flat from big cake become small pie after returning the grant

 

you are not talking about the HDB grant hor?? you are talking about the salary grant hor?

[Windchoco]

thats the best part.............

they did not have it

but when you sign up

surprise2, they will explain in detail

 

wtf... they did not explain to me in detail !!

 

They did tell me though, if I changed girl, grant have to return them in cash... so i m kind of like tio "locked" by the girl liao... even though i yet to rom..

 

So guys, when u apply flat, pls make sure the girl is the right 1.... else gov will make u pay dearly.