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hi i am thinking of buying a condo now.my current hdb is fully paid and just past the mop period. i have not used my cpf for my hdb. with the recent cooling measure, as my age now is 36, can i take

option a) 29 years loan and utilize my cpf?
option b) apply the flat with my wife (35 years old), take a 30 years loan, and use my cpf to offset?

thanks.
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1 Answer

J.A. Goh 吴永益
Replied
Hi Joe,

Yes, both options are workable. For private condo purchase, 1st 5% is cash, the balance 15% you may use your CPF to cover. Last 80% on bank loan, assuming you have no more outstanding housing loan now. Stamp Duty you need to pay by cash first, and reimburse from CPF.

Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions.

Thank you & Best Regards
J.A.Goh
ERA Team Director
HP: 9639 0350 
Email: gohja@singnet.com.sg
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg Read More
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