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I am turning 35 next year Mar. earning around 3.8k and I have around $110k in my CPF OA. I am wondering what is the price range of the flat should I look at based on my income, single scheme grant and cpf balance? How much cash do I need to fork out if I loan from bank or HDB?

Does not eligible for Additional Housing Grant & Proximity Grant.
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3 Answers

Hi.

(1) According to MSR calculation, your max housing loan is around $250k.

(2) With CPF OA = $110k + $250k = $360k

(3) Grant available:
(a) proximity grant = $10~15K dependent whether your parent is/are staying with you.
(b) Additional CPF Housing grant = Not eligible
(c) Enhanced Housing Grant
=> 4-rm & below = $25K
=> 5-rm & above = $20k

(4)
(a) HDB loan = All can pay via CPF + Grant, current OA + grant => 10% of purchase price, 90% loan.
(b) 5% must be in cash, 20% cash +/or CPF OA, 75% loan.

(5) Do note that once you receive any grant now, it happen you apply for BTO/SBF in future, you are liable to resale levy.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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  • TS
    Hi, thank you for your reply.
    As you mentioned, I am eligible to buy 360k flat with my current income. Can I check, the 360k is include or exclude grant ? I won’t be living near my parent. So I assumed that I would be getting 25k grant only.

    4(b) is referring to bank loan?
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WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT : )

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More
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