HDB Flashcards
Private Residential Property Owners required to serve a wait- out period of __ months after the disposal of their private properties before they are eligible to buy a non-subsidised RESALE flat.
55 yr old above DO NOT need to follow this if buying 4br or smaller HDB RESALE flat.
The wait-out period for private home owners who are first- timers and wish to apply for the CPF Housing Grant and Enhanced CPF Housing Grant for their resale flat purchase also remains unchanged at __ months.
15 months;
30 months
Community Care Apartment (lease from 15 to 35 years in 5-year increments)
You will qualify for priority flat allocation if at least 1 applicant or essential occupier in your household requires permanent assistance with his/ her __ of __ __ (ADL).
Activities of Daily Living (ADL)
An owner who is selling his existing HDB flat (“Flat A”) and buying another HDB resale flat (“Flat B”) (“the contra party”) may apply for the __ __ Facility to finance the purchase of Flat B, including the insurance payment under the CPF Home Protection Scheme provided that his buyer and seller HAVE NOT applied this facility for their respective flats.
2. The seller of Flat A must not be an __ bankrupt.
3. HDB may decline Enhanced Contra Facility approval if there is a __ with a financial institution, CPF mortgage/charge on Flat A and/or Flat B ( also a charging order against the flat owner’s CPF money in a divorce case, 退回的錢要留著付前妻）, or engagement of private solicitors.
4. This facility DOES NOT work for resale Conversion Scheme, sale of part-share of an existing flat or any other schemes as may be decided by the HDB.
5. Submission of resale applications for Flat A and Flat B must accompany the Enhanced Contra Facility application, but approval for flat resale does not imply approval for the Enhanced Contra Facility.
Enhanced Contra Facility;
undischarged;
mortgage;
Salesperson’s duties when client is buying HDB resale flat?
1. Guide your buyers to apply for an HFE letter.
2. Assist on financial planning and application for a housing loan.
3. Advise client on recent transacted prices and assist in price negotiation.
4. Go through __ to __ and explain clearly before the client commits.
5. Assist client to submit the resale application through the __ __Portal or Estate Agent Toolkit WITHOUT delays.
6. Guide client on requirements and things to prepare before attending the __ __ appointment.
7. Advise client on the conditions after buying a resale flat.
Option to Purchase;
HDB Flat;
resale completion appointment
HDB Flat Eligibility (HFE) letter will inform buyers upfront within 21 working days of HDB’s receipt of the completed application.
1. Eligibility for a new or resale flat purchase,
2. __ __ grants,
3. __ __ loan, and loan amounts. If he’s a second-timer, it will also advise applicant on the __ levy/ premium that he will have to pay if he purchase a __ flat from HDB.
4. Integrated loan application service with participating financial institutions (FIs)
CPF housing;
HDB housing;
resale levy;
subsidised flat
Booknig a NEW HDB flat:
4 room and bigger: Option fee $2,000
3 room: $__
2 room-flexi: $__
Buyer will be invited to sign the __ for __ from __months after booking the new flat.
$1,000;
$500;
Agreement for Lease;
6 months
HDB Loan for new flat
1. Downpayment at signing Agreement for Lease: __% CPF OA
2. Payment @ key collection: __% CPF OA/ Cash
10%;
10%;
Loan from Financial Institution for new HDB flat
For LTV 75%:
1. Downpayment at signing Agreement for Lease:
__% Cash
Remaining __% using CPF OA/ cash
2. Payment @ key collection: __% CPF OA/ Cash
For LTV 55%:
1. Downpayment at signing Agreement for Lease:
__% Cash
Remaining __% using CPF OA/ cash
2. Payment @ key collection: __% CPF OA/ Cash
5%;
15%;
5%
10%;
10%;
25%
HFE letter application is submitted in 10月 2023, the income assessment period is?
Bonus included in the calculation?
Dividend income included?
Pupillage/Stipends (助学金）included?
9月 2022 to 8月 2023. （12个月）
Bonus not included
Dividend income not included
Pupillage/Stipends (助学金）is included
想拿HDB Housing Loan和Enhanced CPF Housing Grant在HFE letter application时要有工作。T/F?
T
HDB Housing Loan
Remaining lease >20 years而且可以cover最年轻的人：
- 95 years or more, LTV limit:
New: __% of purchase price
Resale: __% of resale price或value, 择低者 - less than 95 years, LTV limit:
PRORATED from __% based on 剩下的租期可以cover最年轻的人到95岁
Loan-to-Value is?
80%
LTV is the max amount of housing loan.
HDB Housing Loan
Loan period 选最短者：
-25 years
-__ years 减掉买家平均年龄
-remaining lease减掉 20 years
65 years
2nd HDB Housing Loan
Can keep $__ or __% of the cash proceeds (including deposit received) ，选多的。
$25,000;
50%
What is CPF refund?
Those who used their CPF savings to purchase their property will have to refund the principal withdrawn, plus accrued interest, to their CPF account after they sell. Any housing grant received, and accrued interest will also have to be returned to their Ordinary Account. T/F?
T
Fresh Start Housing Scheme
-Applicant min age __ yr old, below __ yr old. Child below __ yr old.
-HDB Concessionary Loan
-Resale Levy capped at $__
-Fresh Start Housing Grant: $__
-HDB gives priority allocation to this group of people (__% of 2-room flexi units)
-MOP is __ years
35 yr old;
55 yr old;
18 yr old;
$30k;
$50k;
20 years
Step-Up CPF Housing Grant
2nd-timer, new or resale flat, average income lower than $__.
Can get $__.
Can also apply for __ __ Grant if buying a resale flat.
$7k;
$15k;
Proximity Housing Grant
Non-citizen HDB subletting quota:
Neighborhood __%
Block __%
Neighborhood 8%
Block 11%
SPR quota policy applies to who?
Max Non-Malaysian SPRs:
Neighborhood __%
Block __%
Non-Malaysian SPR
Neighborhood 5%
Block 8%
Lease Buyback Scheme
-ALL owners above __ yr old
-At least 1 SC
-Income ceiling: $__
-NO 2nd property
-Have been living in the flat for at least __ years.
-At least __ years of lease to sell to HDB
65 yr old;
$14k;
5 years;
20 years
Lease Buyback Scheme BONUS
3-room or below: $30k
4-room: $15k
5-room or above: $7.5k
This amount goes into CPF __ Account.
The household will NOT receive the LBS bonus if all owners have reached the Full Retirement Sum (FRS) prior to joining the LBS and do not need to top up their CPF RA upon joining the LBS.
Household already received Silver Housing Bonus CANNOT get LBS bonus.
Retirement Account
CPF Life
Full RA savings will be used to buy a CPF LIFE plan if you have at least $__ in your RA after the top-up.
80岁以上不行加入。
$60k
Home Improvement Programme (HIP)
-Essential improvements
-Optional improvements
-Enhancement for Active Seniors (EASE) Improvements 让老人方便及安全
Parenthood Provisional Housing Scheme (PPHS)
适用于未造好的HDB:
-Married couples, Fiance/Fiancee Scheme （两个都是1st timer 或 1st timer + 2nd timer) Taking possession __ 个月以内要给婚姻证明。
-离婚或widowed parent with children
如果现在有co-own HDB with parents/siblings, taking possession __个月内要surrender ownership of that flat.
Income ceiling: $__
3 months;
6 months;
$7k
Temporary Relaxation of Occupancy Cap
1- & 2-room: WHOLE flat __ unrelated persons, CANNOT rent out bedrooms
3-room: both WHOLE flat and bedrooms __ un. persons
4-room and above: both WHOLE flat and bedrooms to __ un. persons
4; 6; 8
