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Hi,
First time HDB Buyer and I am interested in getting a resale flat under Family Nucleus with one of my parent. However, I am confused with how CPF Grant will be paid. Please do let me know which of the example that I have shown below is the correct one.

Example 1 :

$500K (HDB Price)
$425K (85% Loan)
Remaining $75K downpayment

Use $60K Grant to pay downpayment
$15K Left downpayment

Use OA to pay $15K remaining downpayment


Example 2 :
$500K (HDB Price)
$60K CPF Grant
$440K (HDB Price after Grant)
$374K (HDB Loan)

$500K - $374K =
$126K Downpayment

Use OA to pay for $126K Downpayment
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1 Answer

Robbie Chen Chee Howe
Hi,

Example 1 sounds more right, but I will need more information from you to confirm that you're eligible for the said Grant.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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