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You will need to have 20% downpayment plus the stamp duties and some miscellaneous costs thus if $40k is your max funds available, you can breakdown the figures to see if you have sufficient to funds to afford a 3 room BTO, on top of your eligible loan based on your income and age.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi, appreciate your sharing. Able to do HFE online using your singpass to check.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
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My Answer with regards to your Question:

To determine whether you can afford a 3-room Built-to-Order (BTO) flat, several factors need to be considered, including your finances, loan eligibility, and the cost of the flat. Here are some key points to consider:

1. **Loan Eligibility:** Your eligibility for a Housing Loan from the Housing and Development Board (HDB) depends on various factors, including your income, age, and existing financial commitments. The maximum loan amount is subject to Loan-to-Value (LTV) limits, which may vary based on factors such as loan tenure and whether it's your first HDB flat.

2. **Financial Capacity:** Assess your overall financial situation, including your monthly income, savings, and existing financial commitments. Consider your ability to meet monthly mortgage payments, as well as other costs associated with homeownership such as utilities, property taxes, and maintenance.

3. **CPF Savings:** Your Ordinary Account (OA) savings in the Central Provident Fund (CPF) can be used to finance the purchase of an HDB flat. However, be mindful of the CPF usage rules and the impact on your retirement savings.

4. **Cost of the 3-Room BTO Flat:** The cost of a 3-room BTO flat can vary based on factors such as location and the specific project. Consider the estimated selling price of the flat and any grants or subsidies you may be eligible for.

5. **Additional Costs:** Factor in other costs associated with the property purchase, such as stamp duty, legal fees, and renovation costs.

It's advisable to use HDB's online tools, such as the HDB Sales Launch page or the HDB Home Affordability Calculator, to get an estimate of your loan eligibility and monthly mortgage payments. Additionally, you may want to consult with HDB or a mortgage advisor to get personalized advice based on your specific circumstances.

Keep in mind that the information provided here is general, and specific details related to your income, existing commitments, and the cost of the flat will influence your ability to afford the 3-room BTO.

Unfortunately, this platform doesn't allow me to direct contact you.

You can reach me at https://wa.me/6598569255.

I am Happy to Help with No obligations! If you have any more questions or need assistance, FEEL GOOD to let me know. I am here for You! Cheers :)

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