Asked by Mr. Don Adzhar
Hi, I am a 32 year old Spore citizen first time home buyer while my wife is a Malaysian with Annual Long Term Pass. With the introduction of the Non-Citizen Spouse Scheme last year, i am now finally eligible to buy a resale HDB flat. I am interested in a recently advertised 4-rm flat in Pasir Ris at 400k. There is no indication of the valuation even though there is another ad stating the same flat with a valuation at 420k but selling at the same 400k. However, i am not sure of how much home loan eligibility i am allowed to take. How do you find out my loan eligibility with HDB or bank? Do i need to ask for my home loan eligibility first before viewing the flat? My CPF OA account currently has around 32k while another 71k CPF is in an investment account. If the flat is really selling for just 400k, does that mean that i need to come up with at least 20% (80k) for downpayment? How much CPF & how much cash can i fork out for the 20% downpayment?
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