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Hi, My partner and I are divorcee and want to apply for a joint single scheme in the open market. We cannot afford to pay for the levy to the HDB, we had only $10K of cash and a combined CPF OA of $180K. We would like to buy a 3 Rm flat in woodland area. Kindly please advise the average transaction of the area.
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2 Answers

Mike Lim
Replied
Evening,

If both of you are eligible for HDB loan, you might not be required to utilize much cash. However, this is provided that neither of you have utilize HDB on your previous unit.
If you are looking into bank loan, you will be require to prepare 5% cash. Hence for $300k unit, you will need at least $15k cash.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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Tricia Tan
Replied
Hi.
The average price is between 290-320K.
Have u applied for a hle & bank loan before you go into the details for the financial breakdown?
Tricia Tan propnex
 65 9144 2664  Read More
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  • TS
    Replied
    Hi, We both had to pay back 50% cash back to the HDB, if we want to get a loan from there and we are prepare to do so. After paying back to HDB, we left a balance of around 10k. Am 37 and my partner is 46 year old, and we hope our budget of getting a 3rm flat is around 26k to 28K.

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