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Asked by Alice Tan 25 Jun 2010

I was told recently that with the revised quantum to 80% of the purchase price, the remaining 20% downpayment has to be 15% CASH and 5% CPF.
Please advise if the statement is correct.
Thank you.

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Lyna Song · Answer 1 · 2010-06-25T12:45:15+08:00

Lyna Song

Replied 25 Jun 2010

Hi Miss Tan..

You got the revised quantum part correct.However,for the 20% downpayment,only 5% has to be CASH..and the balance 15% can be paid using your CPF monies..But in cases where your CPF monies is not sufficient for the balance 15%,then you will be required to top up by using CASH..This rule is applicable for both private and HDB home buyers..Hope it help to clarify your queries..Please feel free to contact me if you have any other queries..

Rgds;
Lyna
9623-8442
lynasong@hotmail.com Read More

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