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Hi,

12 Holland Avenue has a remaining lease of 48 years (2022 - 1974). This will definitely impact on your CPF usage.

Since the remaining lease is 48 years, you are 37-years old and the value of the flat is $445,00, this will be your pro-rated CPF usage:

48 – 20 / 95 -37 - 20 = 28/38

Valuation Limit = 0.73

CPF Usage = 73% x $445,000 = $324,850

For a bank loan, you will be subjected to Withdrawal Limit: 120% of the Valuation Limit.

120% x $324,850 = $389,820

$389,820 is your Withdrawal Limit.

Sincerely,

Mohamad Khalil

Bachelor of Arts (Communications)
E: realtor@khalilrealtor.com
Mobile: +65 8201 9254 
Website: www.khalilrealtor.com Read More