1 Answer

Hi Joan,

You should be able to afford a $530K HDB flat ($500K valuation + $30K COV) based on the below assumptions:
- You have cash $150K, CPF $0
- You are a Singaporean buying your 1st property
- You are eligible for a 80% mortgage loan of $400K

Feel free to contact me if you need more info and clarification on my calculations.

Best regards,
Jeron Lee
M: +65-90015060  Read More
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