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Good day to you.

With the approved HFE, HDB is offering both of you a loan of $360,000, along with a $50,000 Housing Grant. Keep in mind that this amount doesn’t include the CPF OA funds you both have. Also, remember to account for the legal fees and Buyer's Stamp Duty. It's important to work within your financial limits and avoid overextending yourselves.

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Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

Hi

You can use cash and CPF OA for the balance $100k, bank loan cannot be used for the downpayment

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Hi! Since your HFE shows an HDB loan of $360k and grant of $50k, that covers $410k. If the flat is $500k, you’ll need to cover the $90k shortfall with cash or CPF — not a bank loan, as you can’t mix HDB and bank loans.

Need help working out your CPF or cash options? Happy to assist. Read More

Hi,

The balance has to be in cash or CPF.

You can use this tool from HDB website to calculate:
https://homes.hdb.gov.sg/home/calculator/budget

Hope this helps,

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
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You can only choose between a bank loan or HDB loan, you can't use both for the same property.

You may wish to look at this article on CPF website explaining the difference between the 2:

https://www.cpf.gov.sg/member/infohub/educational-resources/3-differences-between-hdb-loan-and-bank-loan

For whatever amounts are not covered by loans or grants, you would need to use a combination of cash and CPF to finance the purchase.

If you need help working through the numbers, I'll be happy to arrange a free session to work out your financing options and considerations before you commit to booking any flat!

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More

Hi,

1) Usually in a property purchase, we are using cash + CPF OA + Grant(s) + housing loan to ensure that it is either more than or at least equal to the price.
2) We will recommend you have more resources than the purchase price because we have to factor in the stamp duty, legal fees, miscellanous, agent fees if any before committing.
3) In your situation, you must either have the $90k in CPF OA or have it in cash.
4) You will not be able to buy it without the $90k.
5) Moreover, a property costing $500k will be subject to a $9.6k buyer stamp duty.
6) So, it means that you must have at least 90+9.6 = $99.6K in CPF or cash to make the purchase.
7) The fact is there are legal fees ($2K~2.5k), mortgage stamp duty ($500), miscellanous ($500) which will need another $3k~3.5k in cash.

All The Best!!!

Hope the above answers 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
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

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Hi, appreciate your sharing. Down payment required can only be in cash or CPF OA.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

No, you can only choose either HDB loan or bank loan. You are unable to combine both loans. Your affordability is based on HDB loan and the grant, plus any CPF monies eligible to be used for the purchase and your available cash. Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

When buying a property, the total cost is usually covered by a mix of CPF OA, cash, housing loan, and grants — the combined amount must meet or exceed the purchase price.

It's wise to prepare more than just the flat price, as you’ll need to cover stamp duty, legal fees, mortgage costs, and misc. expenses before committing.

In your case, you’ll need at least $90K in either CPF OA or cash for the flat itself — this is non-negotiable.

Without that $90K, the purchase cannot proceed.

A $500K property also comes with a $9.6K Buyer’s Stamp Duty, bringing your minimum outlay to $99.6K.

Add another $3K–$3.5K in cash for legal fees, mortgage stamp duty, and other small charges — so you're looking at about $103K total upfront.

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Hi as you are already taking a loan, the outstanding amount is to be payable via CPF or cash.

Trust the above clarifies.

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