Monday, December 21, 2009

Purchasing your first HDB flat

From your property advisor

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Purchase of New completed HDB flat

Many people have questions regarding the process of purchase of HDB flat.
Today I hope to be able to clear some doubts in your head by explaining how the normal process is going to look like.

Phase 1.
After paying a booking fee (option to purchase which is unfixed amount), you'll be submitting a housing application to HDB. (Cash payment)

Phase 2.
Then, roughly about 2-3 months, the HDB will make a second appointment with you to complete the transaction with you together with the stamp duty fees.

Phase 3.
Then, if you have brought your HDB house with a bank loan or CPF loan, this is the time you will be start paying your outstanding amount of money, owed to bank.

Simple.
Hope this helps

From the management of Your Boss Advisors

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