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Hi, I'm new to this. My husband and I are Singaporean but we are currently working abroad. We have about $230K in CPF and no housing loan. We're interested to buy a property but we exceed the HDB income ceiling of $10K per month.

Is it possible to finance 95% of a property using our CPF? i.e getting a bank loan for a property but using a majority of our CPF to finance? Thanks
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3 Answers

Morning Shelly,

You can definitely purchase resale HDB unit with bank loan. However, most bank have a minimum loan sum of $100k for mortgage loan and 5% of valuation must it in cash, excluding the COV.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.oom
ERA Read More
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  • CS
    Thanks for your comments Mike. I don't think I am eligible to buy a new HDB because I exceed $12K income. However, I might consider resale HDB. Kind regards.
Joanne Chia 谢诗琳
Good day expatriate Shelly,

I am JOANNE from HUTTONS PROPERTY,
My company specialises in new launch projects,
But if you prefer resale homes,
I can assist you in buying too ,
No commission chargeable for private properties,
Only 1 per cent chargeable for buying resale HDB properties.
In addition, i provide FREE value add ad-hoc courier services, as my family is in the travel business .

JOANNE CHIA
HUTTONS PROPERTY.
HP 8333 3327  .
CHIA_JOANNE@YAHOO.COM.SG Read More
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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