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Good morning Sir/ Mdm,

cash over valuation needs to pay in cash, cant be covered by housing grants.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

1) The term COV = Cash-Over-Valuation tells you that this is "cash" only.
2) This amount of cash will be paid on the completion day. The HDB will give you clear instructions on how this is paid.
3) Your grant can only be used to pay the 10% down payment if you are taking an HDB loan or a 20% down payment if you are taking a bank loan.
4) This grant can only be used just like your funds under your CPF OA.
5) So take extreme cautions on this COV thing, and do not over-commit.

Hope the above answer your main concerns, but if there are more query, 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://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

Sorry to inform you that it does not work this way. "Cash Over Valuation" as the name suggests, has to be paid using CASH.

Th Grants you are eligible for will work towards the balance downpayment and to offset the purchase price.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More