4 Answers

Hi,

It depends on how much loan you can take and how much CPF OA you can use, and ultimately the purchase price. Thanks and look forward to assist further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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Evening,

For purchase of residential unit with less than 60 years lease, you will not be able to obtain 80% loan from bank. You will also be limited to the amount of CPF that can be used. Hence, without knowing how much you are buying the unit for, how much loan you can get and how much CPF can be used, it would be almost impossible to give you the correct figures for you to work with.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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Hi,

Have you decided on a unit which has less than 60 years lease to purchase?

This link may be helpful for you to find out how much CPF you can use:
https://www.cpf.gov.sg/eSvc/Web/Schemes/PropertyWithLessThanSixtyYearsLease/Input

The purchase price and loan amount you're eligible for would also affect the amount of cash you need to fork out. It seems like you haven't got someone to help you through this entire process, would you like me to help you instead? Everything would be a breeze! :)

Regards,
Sophia Ng
ERA Realty Network Pte Ltd
Mobile: 9225 4321 
E-mail: sophiangsy@era.com.sg
Website: www.sophia-ng.com
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YT Tan (陈永达)
Good afternoon buyer,

Do take note that you wont be able to obtain max loan and utilise your CPF OA funds fully thus your cash outlay might be more due to that you have to cover the shortfall in loan and CPF OA funds usage.

The final cash outlay will still depends on what type of loan you are taking, percentage of CPF OA funds you can utilise and max loan you can obtain.

Perhaps you can share more with me so I will be in a better position to advise you further.

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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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