Financial problem with my brother applying to buy HDB flat,any advise?
you see my brother is a born singaporean,age 45+,divorcee,sold 5 rms flat and split profit with ex-wife.Bought 3 rm resale flat from resale market and paid thru CPF,sold again because he lost his job,stayed over at another brother place and now he wants to buy a 4 rm hdb flat (200k ) either from Hdb or resalemarket,currently he has 140k in ordinary account cpf, currently working as Private company security guard earning $1200/- gross (12 hrs shift ).Is it possible?I needs feedback/ideas from Singaporean on the best solution.
I wouldn’t
I think it is difficult if you looking out to buy a 4rm HDB for around 200K. Prices are a bit high if you check out the listing from Property Guru. Still, buying out a room is always better than paying rent for month on month basis. Sharing the link for you mate. http://www.propertyguru.com.sg/singapore-property-listing/hdb