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Me and my wife planned to buy HDB resale Flat. Both PR.

How much do i have to pay as down payment to HDB?

And The housing loan should come from HDB or bank? Our CPF should able to cover $1,100 monthly loan. Balance can we pay by cash monthly or needed to loan from back?
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2 Answers

Mike Lim
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Afternoon Toni,

As PR, you can only purchase HDB unit with Bank loan. Depending on your financial status, bank can loan up to 80% loan, hence minimum 5% have to be cash and the remaining 15% will have to be CPF / CPF + cash / cash.
Do not forget about the legal fee, stamp duty and COV component, plus agent's commission, if you are getting a unit with the assistance from one.

FYI
Mike Lim
 96929209 
ERA Read More
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Catherine PANG
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Recently my client bought a condo while 'holding' on to a HDB flat. She need the 'funds' and hence, has to sell the HDB unit. The S&P process needs careful and confident planning. Call us if you need an opinion.
www.catherinepang.com Read More
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