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Asked by Ms. Lim Kah Huay (Joycelyn) 17 Nov 2018

I am 26 years old and going to get married soon, if i were to buy an old hdb flat, what are the requirements? I am looking at Blk 191 Toa Payoh 4 room flat

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Gavin Ng · Answer 1 · 2018-11-17T21:43:24+08:00

Gavin Ng

Replied 17 Nov 2018

Hi Joycelyn,

As at today enquiry, 191 Lor 4 Toa Payoh has a balanced lease of 54 years. This means that you will likely not able to use the full amount of CPF fund to support your purchase.

If you can text to 9620 0827 , we can take you through the financial cash flow and the rules for purchasing an HDB Resale flat.

Regards

Gavin Read More

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Robbie Chen Chee Howe · Answer 2 · 2018-11-19T15:22:33+08:00

Robbie Chen Chee Howe

Replied 19 Nov 2018

Hi Jocelyn,

Based on the information provided, you can only use your CPF for up to 46% of the purchase price or valuation, whichever is lower. The balance will have to be paid in form of CASH.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More

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