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Adam Place HDB Questions

Asked by Seeker 28 May 2012

Our combined CPF is able to cover the cost of the HDB. E.g HDB = $400k Combined CPF = $420K. Do we still need to pay the 5% HDB downpayment in cash, or can deduct through CPF?

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Mike Lim · Answer 1 · 2012-05-28T16:31:49+08:00

Mike Lim

Replied 28 May 2012

Afternoon,

The downpayment is given to facilitate mortgage loan. If you do not require mortgage loan, why would there be any downpayment required?

Hope my answer is crystal clear.

Regards
Mike Lim
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