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Asked by Self-Employed Jan 26 Oct 2011

I am single & slef-employed. I don't contribute CPF ony submit IRAS ($30K yearly). if I don't apply for CPF Housing Grant and/or an HDB Loan can I buy a re-sale flat?

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Mike Lim · Answer 1 · 2011-10-27T10:32:51+08:00

Mike Lim

Replied 27 Oct 2011

Morning,

Being self-employed, financial institute would require income proof of minimum of 12 months or more.
With $30k income yearly, you should be able to get a loan of around $220k, provide your credit report is good. Purchasing resale flat is not an issue, if you are 35 y/o and above, and you must be SC.

FYI
Mike Lim
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