Wednesday, May 14, 2014

Buying flat in SG : Update 3


Good news. Last week we already received an e-mail from the Singapore Housing and Dev board, the schedule of our first appointment.

Purpose of the First Appointment

The First Appointment is arranged for the HDB Customer Relations Manager to meet both the resale flat buyer and the seller. The appointment is for the HDB Customer Relations Manager to:
Discuss Administrative Matters

  • Verify buyer’s eligibility
  • Explain the resale procedures to buyer
  • Obtain buyer's authorisation for the HDB to act for the buyer in the conveyancing (buyer may engage his own solicitor to act for him)
  • Confirm on the Manner of Holding (for applications with more than one buyer)
  • Fix the Completion Date for the purchase
Finalise Buyer’s Resale Financial Plan 
  •    Bank loan/bacruptcy
 It will be on the first week of June! We're so excited that we can't wait. :)

On the renovation plan, many of those contractors/IDs have submitted their quotations.

We will haggle the price as I am firm to stick to our budget even though the bank is willing to give more than that. No reason for a full reno. Must.Save! :)

Blessings ♥

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Monday, May 05, 2014

Buying flat in SG : Update 2

Hello there.

The major project is still on going, were just having delays because it took weeks for HDB (Housing and Development Board) to release the valuation report for the unit we chose which we will base our mortgage loan + total cashout upon completion. While we were waiting, we also used this time to "think and decide whether we really want to buy the flat". As the HDB website suggests, Step 3: Make use of the Option period to review the purchase and we have decided. Now that the valuation report is out, we are waiting for the schedule of our "First Appointment".

The HDB will send a letter to both the buyer and the seller confirming the date and time of their First Appointment to process their purchase/sale transaction. If either the buyer or the seller does not turn up for the First Appointment, the resale transaction will be cancelled. (source)

And of course, we didn't miss this opportunity to meet with some contractor/interior design companies.We already have spoken to quite a few, we are weighing who is the best and we already have some favorites in terms of ideas, customer rapport and price. We will be meeting with a few more so we'll see.

Nothing else to say but PRAISE THE LORD!

Blessings ♥