You may want to consider taking bank loan instead, which could bump up the loan amount. Taking HDB loan will mean chances are slim for a hdb 4rm at bedok reservoir.
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Ivan Ng ERA ASAP
(ASk Anything Property)
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It is common for newly wed couple consider HDB loan due to able to loan up to 90%, and minimum cash outlay.
You shall need to budget your purchase to around $400k in order to do so.
According to my calculation, cash & CPF payment shall be as such:
(a) Cash: $16.5k
(b) CPF: $41.6K
To pay for all misc, stamp duty, legal fee, insurance etc.
The above calculation valid provided you receive "Single Grant" of $25k (for 2~4-rm).
You should be qualified for this but still need HDB approval. :-))
You are not qualify for proximity grant as that required at least 1x SC + 1x SPR.
You will also need to qualify for a loan amount of $330k from HDB:
You may used this HLE calculator to check an estimation:
(3) Bedok reservoir:
There are 4-rm flat that can match this. However, you have to prepare that the flats remaining lease is 60+, meaning most of those that could fit your budget, interior condition is not going to be as nice as those newer flats.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636, or email: firstname.lastname@example.org if more information is needed.
I'll be glad to assist.
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