Asked by Anonymous
Hi!
I bought a resale HDB loan at Valuation Price $480k. Am taking a HDB loan. And would be getting total CPF grant of $80k.
Understand that the CPF grant would be credited into my CPF account and thus used to offset the purchase price.
Do Understnd that I can only use my CPF up to Valuation Limit which in my case is $480k. Anything above $480k would have to be paid in cash.
Does the CPF grant amount be considered as a CPF withdrawal thus affecting my Valuation Limit of how much I can use my CPF?
Thanks
I bought a resale HDB loan at Valuation Price $480k. Am taking a HDB loan. And would be getting total CPF grant of $80k.
Understand that the CPF grant would be credited into my CPF account and thus used to offset the purchase price.
Do Understnd that I can only use my CPF up to Valuation Limit which in my case is $480k. Anything above $480k would have to be paid in cash.
Does the CPF grant amount be considered as a CPF withdrawal thus affecting my Valuation Limit of how much I can use my CPF?
Thanks
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