facebookAny issues for sole proprietors when buying a first time HDB BTO? - Seedly

Anonymous

18 Apr 2019

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Property

Any issues for sole proprietors when buying a first time HDB BTO?

I'm thinking of starting a sole proprietorship to manage my side business and am wondering if I will experience any issues when applying for a first time BTO?

What is the loan amount I can expect and what will I need to do to ensure that I can fulfill the 12 month employment requirement? Any tips?

Discussion (1)

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I dont see any issues.

Loan amount will still have to depend on your average monthly income and your other loan payments etc.

You'll just need your latest notice of assessment from IRAS, your ACRA profile, and make a statutory declaration with HDB to affirm your last 6months average income as proof of income levels. (so to make sure u are below the income limits)

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