AskGuru Q&A Community

Happy lunar new year to you, Jas!

Yes 60% will be based on lower of purchase price or value of flat at time of purchase.

You can confirm this information from this link that I taken from CPF website.

https://www.cpf.gov.sg/Members/FAQ/schemes/housing/public-housing-scheme

Hope my research is beneficial for you.

May I know how can I assist further in the purchase of your dream house?

Warmest Regards,
YT Tan
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi Jas,

Yes its 60% of the purchase price or valuation at point of purchase, whichever the lower. May I know which location are you considering? Will be glad to assist with your housing plans further and value-add. Thanks!

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Jas, if you need to have a firm confirmation on is it only 60% of cpf which you could utilised for that particular unit, then it is better to drop by to the cpf board to enquire. Alternatively, you could purchase others that are way above 60 years remaining lease.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Jas,

May I know what is the main motivation behind purchasing a HDB with less than 60 years lease? In the future, it may be challenging to dispose off as potential buyers will face issues securing loan and utilising their CPF.

Please feel free to contact me at 9644 4854  so that I can understand your motivation and situation and advise you accordingly.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.

We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought through Nick) Read More

Hi Jas Tan,

Re: Our Preferred Experienced SG Professional

It mean that your OA can only utilized to pay 3/5 of the HDB value.

Here the link for your reading-
https://www.cpf.gov.sg/Assets/members/Documents/Housing_PHS_Brochure.pdf

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

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