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Hi,

When purchasing a property with a bank loan, whether it is an HDB flat or a private condominium, the maximum loan-to-value (LTV) ratio is 75%. This means you can borrow up to 75% of the property’s value, subject to meeting the bank's eligibility criteria. As for your CPF, you can utilize the full amount available in your CPF Ordinary Account (OA) to fund the remaining purchase price and other applicable costs, if desired.

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Kiki Tan
PropNex Realty
+65 929 926 58
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Hi, it can be done if you are planning to take a HDB loan, and you can loan up to 75%.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

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Landon Chew
97 39 60 40
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Depending on the balance lease of the HDB and your age (if the lease of flat can last you until 95 years old), you can use full CPF to settle the purchase, without loan, however, there will still be a small sum of money up front that will require you to use cash (Option Money & Option Exercise Money) on top of the various application fees.

If you are taking a bank loan, the lease balance considerations will also be in place and the maximum on can loan from the bank for HDB is 75%. Balance 25% has to be from own funds, where 5% of the amount must be in cash.

Hope this helps!

——

I have been in the real estate business since 2009, with more than 14 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.

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Hi

For bank loan purchase, minimum 5% cash downpayment is still required as per regulation.

CPF OA can be used fully up to the valuation limit (market value of property), as long as the balance lease of the property is able to last you the buyer until 95 years old.

Max loan to value ratio now is 75%.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

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Good day to you,

If you are purchasing the resale HDB unit under your own name, you need to be Singaporean, aged 35 and above.
With bank loan, 5% downpayment must be made by cash while the balance 20% can be fulfilled via housing grant and your CPF OA.

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Mike Lim
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ERA Read More

1. When buying a resale HDB with a bank loan, you can borrow up to 75% of the property’s value.
2. The remaining 25% must come from your own funds, with at least 5% paid in cash.
3. CPF OA can cover the rest, as long as the property’s lease lasts until you're 95 years old.

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