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Hi, if my hdb loan and cpf combined isnt enough to cover the purchase price of hdb resale flat, i have to pay the difference in lumpsum cash before taking possession of the flat ? If my hdb loan cpf combined is $350k, the purchase price of the resale flat is $380k, so the $30k shortfall is to be paid full in cash by the first appoinment right?
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4 Answers

Hi,

Yes any shortfall will have to be in cash. Do note to include stamp duties, legal fees and agent commission and COV (if any) in your calculations, hence your cash outlay is likely to be more than 30k. Thanks and hope to assist with your housing plans further.

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

Email: Ivanng10@gmail.com
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GAN ENG JOO ONASSIS
Hi,

Re: Our Preferred SG Professional- ASAP Real Estate Services

Shortfall need to pay by cash, and other misc fee like legal, valuation and stamp duties involved.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

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

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Evening,

As the purchase price is higher than the funds that you have in hand, you will need to pay out the difference, by cashier order, latest on the day of completion. However, with additional expenses on legal and stamp fee, valuation, HDB admin fee and agent fee, your actual expenses will likely be more than $30k.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi,
You are right, the balance have to be in cash. But if the purchase is your 1st hdb or you have never taken the grant, then can explore on the possible grant.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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