AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
dear gurus,

need some advice over here..
I have around 30k cash and abt combine cpf of 300k...
Is this possible for me to purchase a 3rm flat around serangoon/hougang??
(currently i'm looking for 1)

i do need intend to get bank loan due my bad credit record and HDB cos i need to give them 50% of my previous sales.

with the cash and cpf can i get a 3rm(ng preferd) flat in serangoon?

thanks in adv
0 •
565 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Mike Lim
Replied
Afternoon,

With your current situation, you will have to get the Principle of Approval, for your bank loan. Hope you have cleared most of your debts by now. If that fails, then you will have to take HDB loan, unless you intend to pay off your upcoming purchase by cash.
As for your COV component, you might be slightly short, though it's still possible to get a unit, lower floor, in original condition.

FYI
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted
Catherine PANG
Replied
The S&P process needs careful and confident planning with resale checklist submission especially HDB, CPF, bank and lawyer etc. Recently my client 'suddently' bought a dream condo while 'holding on' to a HDB flat. They needed the extra 'funds' for the condo. Hence, after a series of planning, discussion and deliberation, they finally decided to sell their HDB unit. If you want a consistent S&P process, call us for an opinion. The stress relief effort is enormous and the commission is insignificant. Check this site: www.catherinepang.com Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions