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Hi, appreciate your sharing over PropertyGuru, able to check your HFE and find out the highest loan you are able to loan. The balance amount require to use cash to top up, able to write into HDB to check before proceeding.
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart
PropNex Senior Associate Division Director Read More

It depends on which HDB calculator you are using, as well as the ultimate valuation of the flat you are purchasing.

If you're not using a buyer-agent to save you money, it is likely you may run into cash-over-valuation situations on your purchase which will further reduce the amount you can use on the HDB purchase.

If the flat doesn't cover you until 95 as you have noted, or if there are other factors (e.g. you have an existing HDB loan), then a few other things come into play which further reduce your financing ability from loans and CPFs to cover the HDB price.

By the way, this is also how a number of HDB owners end up in negative sales proceeds situations down the line.

If you'd like, I will be happy to support you on your home purchase!

I run in-depth analysis for all my clients to help them decide whether the properties are worth buying, which will include analysis on rental yield, rental volume, demand-supply analysis, government transformation plans, exit strategy, psf analysis, capital appreciation analysis, layout efficiency etc etc.

Just this month, I negotiated about $80k in savings for a HDB buyer. If you're looking to buy something, might as well spend less by having a professional agent help on getting you the best price.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More