2 Answers

Hi,

Based on the figures you have given of monthly salary about 3K, the max HDB loan you can get is about 200K.

Adding to the 20K cpf +30K cash+65K grants = 115K you have, this takes you to about 315K. Thus you may wish to consider resale 3-room flats around 300K instead, after factoring in the stamp duties, conveyancing fees, agent fees, and hdb admin fees. May I understand your housing plans further before further advising?

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
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Afternoon,

With combined income of around $2.2k, excluding allowance, HDB can loan you max of around $150k. With your CPF, cash and possible grant of $65k, you have around $255k of buying power, after deducting the legal and stamp duty. Hence to purchase a unit of around $500k, you will need an extra of $235k cash.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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