Hi
(1) Age + remaining lease
Your age + remaining lease must be at least 80.
(2) CPF withdrawal limit
A formula needed to apply to determine how much CPF OA can be used for property lease less than 60 years.
A guide is if you are 35 years old, property remaining lease is 59. You are only allowed to withdraw around 67% of CPF to finance the flat.
The rest of 33% has to be in cash.
(3) Your main concern, loan.
Every Citizen has the privilege to apply for HDB loan twice in their life time for HDB flat.
As long as you meet the (1) condition, you will receive 90% HDB loan.
You may use the e-service in HDB portal to apply for HLE. You will feel more comfortable once your HLE is approved.
It is also one of the check item before sourcing for HDB flat.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
Note:
Any response to our answer does not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly.
Read More
