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Hi, since you mentioned the loan amount of 80%, I assume you are referring to HDB loan and not bank loan, do correct me if I am wrong. For the loan amount, it is the lower of the selling price or valuation, which in this case is 730k, and you can loan a maximum of 584k. CPF usage for the purchase of HDB, you can use all the CPF you have to make the payment, and get a loan for the remaining amount.

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Landon Chew
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

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Aaron Chong
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Hi,

It will be based on the lower of purchase price or valuation, in this case it will be 730k. Max loan will be based on 80% of 730k, cpf valuation limit will also be 730k.

The balance 20% you can use CPF OA assuming the CPF OA monies are sufficient.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

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Hi, appreciate your sharing. Anything more than valuation has to be paid by cash. CPF OA usage up to valuation limits.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Loan Amount:

The loan amount is limited by the lower figure between the flat's selling price (S$730,000) and its valuation. In this case, the valuation (S$730,000) applies.
Maximum loan possible: S$584,000 (assuming 80% loan-to-valuation limit).
CPF Usage:

You can use all your available CPF funds towards the down payment for the HDB flat.
Any remaining amount after using your CPF can be covered by the HDB loan (up to the S$584,000 limit).
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

It will be based on $730k. Read More

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

Hi,

1) The CPF usage and loan usage is always based on the valuation value, and not the agreed purchase price.
2) In your case, the maximum loan would be 0.8x 730k = 584k.
3) If the remaining lease + the youngest essential occupier/owner >=95, the CPF usage would be 100% of the valuation value.
4) Otherwise, you will have to check on this calculator to find out the percentage:
https://www.cpf.gov.sg/member/tools-and-services/calculators/cpf-housing-usage

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Hope the above answers 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.
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