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My gross pay is around $2,860. I just turn 35 years old. This is my first time applying HDB resale 4 room flat with Single Singapore Citizen Scheme. My ideal purchase price around 400k-450k. My CPF OA is at 80k plus. HDB loan is 189k. Does it mean that I need to pay cash monthly to service the loan instead of paying by CPF?
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4 Answers

Angela Chua 蔡斯琪
Hi,

Have you applied for the HLE? If so, the monthly installment will be indicated on it.

Let me assist you if you had not done so.

Feel free to contact me for further discussion.

Thank you.

Angela Chua
Propnex Realty Pte Ltd
H/P: 9323 3330  Read More
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Hi,

With your HDB loan of 189K, is it an official figure indicated to you from the HLE? If so, the monthly mortgage repayment will also be stated. As you are still currently employed, the monthly CPF contributions can go towards paying down the monthly mortgage, so cash is needed only if your CPF monthly contribution is lower than required monthly mortgage. Thanks and hope it clarifies.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More
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Morning,

If your HLE figures is $189k and your CPF OA have $80k but you are looking at getting a unit that's around $400k, you will need to prepare another $140k cash to facilitate the purchase.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi there,

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Look forward to hearing from you! Have a great day!

D Kumar
 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com dkumar@era.com.sg

About Me-
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award
Preeminent Group
2014 3rd Quarter Top Achievers
(Top 13 Achiever)
2014 August ERA Top Achievers (Top 4 Achiever)
2014 September ERA Top Achievers Read More
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