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For resale flats, CPF housing grants are credited directly into your CPF Ordinary Account (OA) before the completion of the purchase.

The credited grant amount is then automatically used together with your CPF OA savings to pay for the flat (including downpayment, stamp duties, legal fees, or even part of the purchase price).

In practice, you don’t “see” the cash, because HDB coordinates with CPF Board to apply the grants towards your flat purchase.

So yes, what you’ve heard is correct — the grant is in your CPF before completion, and it will be factored in when paying the downpayment/balance.

There are agent who charges flat fees.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Good day to you.

Technically, the HDB housing grant is not physically credited into your CPF account. It is parked aside and accessible when required. Since your concern is more towards the financial aspect, it is prudent to secure your HLE letter approval.

Feel free to contact me for further discussion.

Navigating a property transaction can be complex, especially with major life events. As a seasoned property consultant with 15 years of experience, I provide informed guidance on complex property matters.

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Hi

Yes the grants, once approved, will be credited into your CPF OA first, and it will show up in your draft financial plan (assuming you use hdb conveyancing) to confirm the amounts you are using to complete the purchase.

Have you confirmed an unit and price already?

Thanks
Ivan
 97432395  Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

Sounds like you are attempting to save a little bit of money by opting not to purchase a flat with the help of a professional. Paperwork and queries, you can always ask here or ask HDB directly if you need.

But while you could certainly DIY your home purchase or attempt to find help from a questionable agent with fixed (e.g. $2k) commission, you may wish to consider the long term implications of doing so.

Trend analysis, price analysis, valuation estimations, offer strategy and negotiations are key skillsets that a professional buyer-agent can bring to the table so that you do not overpay for a property that is valued less. For the reasons above, many buyers choose to work with legitimate agents, as any commissions payable would typically be more than covered by the extra savings you would get from a good deal as well as the upside from securing a great asset.

There are many things to look out for in purchasing a home. It is the largest purchase for most individuals in their lives, and a life-determining one for most Singaporeans. (Ask the older Singaporeans and you quickly realize that choosing the right property vs the wrong one is the difference between whether they have a net worth of $5m or $500k at age 65)

Feel free to reach out if you wish to reconsider and engage an agent's help.

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

*CPF Housing Grants for Resale Flats**

1. Grants are credited directly to your **CPF Ordinary Account (OA)** before purchase completion.
2. The amount is automatically applied with your CPF savings to cover **downpayment, stamp duties, legal fees, or part of the purchase price**.
3. You don’t physically receive the cash—HDB coordinates with CPF to apply the grant directly.
4. Confirmed: the grant is in your CPF before completion and factored into your payment.

**Agent Services**
5\. Some agents charge flat fees for administrative support only.
6\. MY TEAM offers this too—**you handle your own flat search, negotiation, and selection**, while we take care of the paperwork.
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QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More

Hi,

1) The HDB grant amount will be the first to be utilized for any payment; such as downpayment. Follow by funds available in your CPF OA.
2) You can manage on your own by reading up on the HDB web giving detail instructions on how to apply for valuation and submit your resale application. As long as you ar buying from a legit seller.
3) The concerns without having a professional with you is not the procedures and process of submitting the application, the following are some of things you have to look out for:
(a) Over pricing the property: without indepth understanding of the market situation, you may over paying for a flat that not worth the asking.
(b) Unable to identify a legit seller: Although this is not common but mught happen, where the seller does not have the full authority selling the flat. The co-owner might be objecting to the sale, thus creating unnecessary trouble in the whole transaction.
(c) The selling price is too good to be true: There might be fishy with this kind of deal. The seller might go disappear after receiving the deposit and exercise fees, and left the buyer in the wind.

All The Best!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

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