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Hi Guru, What is the best option using CPF and the least amount of cash to purchase Pasir Ris One, 5 RM ? Deferred payment or progressive payment ? Assumed that we have approximately $ 297K in our CPF OA account. No outstanding loan with our 4 RM flat blk 467 Pasir Ris drive 6. Age coming 50, gross household income is $ 6K. I Would appreciate guru can advise whether we can afford ? Our main concern to maximize CPF OA and minimize our hard earned cash reserved. Thanks
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1 Answer

Gary Chang
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Hi Sir/Mdm 5rm Pasir Ris One on 5th floor is $691K 5% Cash deposit is $34,550 for NPS. (Deposit for Deferred payment is $35,241) 15% Cash/CPF - you have enough $103,650. (Rest to keep certain amount for Minimum Sum) Your cash outlay up until now $34,550 + $20,730 (BSD) + $2000 (lawyer) = $57,280. the rest is up to your strategy. Would you like to sell your current 4rm? assuming you can borrow 10 years 40%, your 4rm HDB should be able to cover the other 40% to developer. Gary Chang 81883186  gcwc@outlook.com Read More
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