Hi
For your scenario, you have to go with DPS. Does your IPA include home loan + bridging loan? Or just home loan amount.
The moment you intend to use CPF OA to cover any part of your purchase price and or related fees, CPF will require to see that your bank loan is approved, and that your cash plus cpf OA and home loan can cover the purchase price fully. If your CPF + home loan cannot cover 80% of purchase price, the payments in front have to all be covered by cash first. Due to the requirement to adhere to cash > cpf OA > bank loan disbursement of funds sequence.
May I know which new EC you are looking at? Coastal Cabana EC?
I can assist to do a full calculation of the new EC purchase so you know what to expect before any booking of unit
Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 home-owners to smoothly complete their housing plans over the years. Please reach out to me at (65) 9 7 4 3 2 3 9 5 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
Warm Regards,
Ivan Ng
ERA Senior Marketing Director
ERA Multiple Diamond Achiever
SIEA's Salespersons Achievement Award (Platinum) 2025
SEAA Salesperson Achievement Award (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)
ERA Top 44th Achiever for Full-Year 2025 (Top 1% Company Level)
ERA Top 226th Achiever in 2nd Quarter 2025 (Top 3% Company Level)
ERA Top 11th Achiever in Feb 2024 (Top 1% Company Level)
ERA Top 64th Achiever in March 2024 (Top 1% Company Level)
ERA Top 37th Achiever in Oct 2023 (Top 1% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
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New EC buyer Andy and Eileen
While we are searching for an agent to help us with purchasing a unit at Tenet new EC, we get to know Ivan from PropertyGuru. Initially we had issue with the funding. Ivan has been extremely patients with all our questions and ideas during financial planning.Our ballot queue is not in the front, however Ivan has always been able to propose options for us to eventually get a decent unit that both my wife and i liked.Being the first timer ourselves, there are always so many questions marks and unknowns. Yet Ivan has been the one single person that we can always rely on, be it financial, legal, or even renovation related. The follow-up is literally within a snap of finger - we could always expect an accurate reply within minutes. It's a short and eventful journey, we are really grateful that such an outstanding and committed agent like Ivan is aroun d to support & guide us along the way. A big THANK YOU to Ivan for the great effort and commitment.
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