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Hi,
My wife and me are in our 30s.+. We are selling our current flat to another resales flat. We getting a bank loan. From the HDB website, it seems we can loan up to 80% but requires a 5% cash payment on top of the COV payment.

Is there any way to pay the 5% via CPF?

Thanks
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2 Answers

Mike Lim
Replied
Morning,

In accordance to MAS ruling, the 5% have to be paid by cash. What most people do is to either buy first and sell later or sell first and buy later, depending on their requirements for either transaction.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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CT Wu 伍志道
Replied
Hi,

As part of MAS rule, the 5% have to be paid by cash. However, we can comply with the rules by selling the unit first to secure the 5% cash to pay the resale unit.

Let me know if we can meet up to discuss.

Regards
CT
 97565723  Read More
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