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We bought a 4 room flat in woodlands area by open market with $40,000 grant but the flat has been sell last 2 years ago within MOP period due to insufficient cpf/cash to pay up the installment.
Now with my husband age 38 & myself age 26, we thought of buying a 3 room flat in woodlands or yishun area. Both me & my husband is working with cpf contribution.The combine CPF for me & my husband is around $120,000 & our HLE approved of $164,000,make up of the total of $284,000. But I've only $20,000 for the COV.
1. Can i still buy a flat from open market?
2. Can i get a 3-room flat in yishun area within the rate?
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1 Answer

Afternoon,

You need to note that this purchase, using HLE, would be your 2nd HDB loan. Hence you need to prepare 50% of the cash profit, for your purchase. Hence with only $20k in hand, you might have some issues proceeding.

FYI
Mike Lim
 96929209 
ERA Read More
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