7 Answers

Hi, it is possible, however as the lease of the older flat is unable to cover both you and your husband to 95 years old, both the CPF usage and loan amount will be pro-rated, and you will have to cover the remaining balance in cash.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

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Landon Chew
97 39 60 40
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Buying New HDB Flat with Short Leasehold Flat (Singapore):
Possible Purchase: Yes, you can still buy a new HDB flat even if your existing flat's lease cannot cover both you and your husband to 95 years old.

Reduced CPF Usage & Loan:

CPF usage for your down payment and the maximum HDB loan amount will be pro-rated based on the remaining lease of your old flat. This means you'll receive less than the usual amount.
Cash Requirement:

You'll need to cover the remaining balance of the down payment and potential shortfall on the loan using cash.
WhatsApp me at: ABLE Toh >>9856 9255 or through this link.:https://wa.me/6598569255

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Hi sis, you can upgrade from 2 room flat. Is there a reason why you are looking at older flat remaining lease 44 years? I am trying to understand so I can help you better :) Please feel free to drop me a text at 88136000  . Thanks
Linda Read More
0
Hi,

Yes you can.

Just please take note that since the flat cannot cover you until age 95, the CPF usage and loan amount will be pro-rated, balance will have to be paid in cash.

Kindly contact me with more details (of current flat, your income etc) I can do a full financial proposal for you:)

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and looking out for great deals and even tailor-made property proposal geared towards their needs. Will certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)

--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our neighbourhood to understand what she was marketing. During the marketing period, she managed potential buyers and provided timely updates and recommendations so we could stay on top of the process. Overall, Jenny was professional and helped us to achieve a positive result which we are very thankful for--
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Samantha (Resale condo buyer) Read More
0
Your CPF will be unable to cover this purchase fully as the balance lease of the flat you are intending to purchase can only last your husband until 88 years old. The requirement is for the balance lease to cover the younger applicant until age 95 before CPF funds or loan can be maxed out.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

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Tan Pei Cheng (Pei)
Hi
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
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Hi Maliza,
As the remaining lease will not cover you and your husband till 95 years old, cpf and loan amount will be prorated.
Do feel free to reach out to me should you have other queries.

Regards,
Edmund Chang
edmundcproperty@gmail.com
8032 35 36 Read More
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