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hi i have a question to ask.
My husband and I have alr sold out hdb flat a year plus ago. After selling, I am now a 2nd timer and my husband a 3rd timer, if we were to buy a new property.
We are now looking at a resale 3 room flat. Right nw, we have a total of 250k plus in our OA cpf account (which is from the sale proceeds last time).
So question is..since right now I am a 2nd timer and my husband a 3rd timer, can we buy another hdb flat using just both our cpfs? As we are both not qualified for both hdb and bank loan.
Secondly, is there any limits to using our cpf? (as we had both had used our cpf before?
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2 Answers

Morning,

As per your statement,both of you are not eligible for neither HDB nor bank loan, I would deem that both of you have credit issues. Since you are looking for 3 room flat, $250k might be a challenge. Limit on utilization of CPF will be dependent on your age and the age of the unit that you are buying.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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  • RS
    Hi both of us are in the age range of 35-40.
Hi,
For me to assist and advise you more accurately, kindly drop me an email for me to help.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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  • RS
    Hi i have dropped u an email regarding on my queries above. Thanks.

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