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Hi... i would like to knw that there is any new rules that buyer must pay the full cash amount(eg:COV,cash need to pay when there is insufficient amt in CPF) on thier 1st appoinment which arrange by hdb?kindly pls help me to clear this doubt...
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1 Answer

Mike Lim
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Morning,

COV component is purely by cash. You cannot use CPF for the COV component. As for the deposit, 10% of HDB loan and 20% or 40% for Bank loan, you will need to top up with cash, if you do not have enough CPF to sustain it.

Hope I have somewhat asnwered your question.

Regards
Mike Lim
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