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Evening Lexis,

If you have utilized CPF to pay for the current HDB unit, you might not be able to utilized CPF for the purchase of private property. Hence with $120k cash at hand, you are only eligible for property of around $600k. Do note that this is only possible if you have fulfilled the MOP of your current unit.

FYI
Mike Lim
 96929209 
ERA Read More

Hi Lexis,

First you have to understand that you have to fulfill the applicable minimum occupation period of your HDB before you can embark on purchasing a private property.

If you have, thus you can carry on.

But do bear in mind, because you currently have outstanding housing. thus bank will only be loan you up to 60% provided you didnt take up a loan tenure that exceeds the retirement age of 65 years old but if you do, it will be 40% now.

If 40% is $120k, your budget is about $300k.
if 60% is 120k, your budget will be $200k.

I will say it will be pretty difficult for you to own a private property unless you fully paid your housing loan.

Cheers! Hope it helps!

Warmest Regards,
YT TAN
District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More