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We are a young couple, below 30 looking for a resale flat. With our own calculation inc grants and loans we have about 400K budget. Does the flat year build plays a big role? We understand that cpf etc will be pro-rated if it falls below 95 yrs for youngest buyer. We are looking for a flat in a mature estate but it doesnt cover the youngest buyer till 95 as most flats are old. What type of flat can we get and what other aspects we need to look into?
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1 Answer

Taufik Hussein
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Hi
You are right on this as purchasing a flat that could not last the youngest buyer till 95 years of age will caused EHG grant, LTV for HDB loan and CPF valuation limit to be pro-rated. However I have assisted some buyers in purchasing a flat that could not last them till 95 years of age. All of them did not have to top up any cash upfront besides the deposit and agent fee. However there is a consequence on this which I could share if we have a chance to meet. I am specialised in HDB transactions and a vast majority of my buyer managed to purchase a house without any COV despite the seller's market situation nowadays. Do contact me at 93375051  for a free and non obligatory discussion on this.
Regards
Taufik Hussein
CEA Reg No: R061607B
Contact No: 93375051 
Marketing Director
ERA Realty Network Pte Ltd
Contact No: 93375051  Read More
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