AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
HI
Keen on buying resale hdb.
How do I apply for CPF Housing grant? Via HDB website? And do I need to have the CPF monies in hand first, before selecting a flat? In addition to COV, is the downpayment 10%?
Thanks
0 •
792 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Michael Loo
Replied
Greeting CP,

1. You would apply for housing grant when you sumbit your hdb application for the resale of hdb.

2. You do not need to have CPF monies before selecting a flat. However, they would need to be available during the first appointment.

CPF monies can be use to help pay for big ticket items like stamp duty and down payment.

For HDB loan, down payment is 10%.
For Bank loan down payment is 20%.

Regards
Michael
CEA reg no: R000265A
Mobile: 8112 8516 
Email: kero2322@gmail.com
Remax ( Empire Property Group) Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions