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Home Buying

Asked by Mr. Chee Peng Tan 26 Nov 2015

We intend to buy resale HDB flat. Both my wife and I are SPR. As I have 2 property in Malaysia which currently. Does my existing Malaysia housing loan affect the bank loan financing margin percentage is we buy resale HDB unit?

Secondly, does I have to fork out cash of 5% of the property price. Or is the whole 20% downpayment can be financed by using both myself and my wife CPF account?

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Zheng Yanhui(Alex) · Answer 1 · 2015-11-26T15:25:16+0800

Zheng Yanhui(Alex)

Replied 26 Nov 2015

Hi Chee Peng,

1. As PR couple , both of you have to fulfill 3 years PR status in order to purchase a resale HDB flat.
2. You need to dispose your oversea properties within after buying the resale HDB.
3. If buying HDB under Bank Loan, 5% need to be in Cash, remaining 15% will be in CPF/Cash.

Do contact me at 9273 6096 if you got any other enquiry.
Regards
Alex
ERA
HP:9273 6096. Read More

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