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Agents here is my case, Singapore PR with 30K in CPF OA, combined income of 4.9k per month, no cash on hand but willing to take personal loan. 300k maximum budget for a 3 Bedroom HDB flat anywhere in Bedok, Eunos or Marine parade area. Do you think i will be able to purchase a flat with my situation?
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Ray Ng
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Hi. For your case, you must take a bank loan which you require a minimum 5% cash of the valuation. Eg valuation of a 4 room flat(bedok) at $300k, your 5% cash will be $15000. Of cos, you have a choice to take a 80% or 90% loan from banks(subject for approval),assuming you are taking 80% loan, 15%(pay by CPF OA) of the valuation will be $45000. Also,most of the 4 room flat still require Cash over Value(depends on estate). Please feel free to call me anytime if you have further question. Cheers!! Read More
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