Asked by Mon
We only have 30k on cpf savings.is it possible to buy a hdb flat?
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1 Answer
Hi Mon,
This would depend on the size you are looking at, as well as the amount of cash you have on hand.
You would be able to get a 3rm flat for about 300k. If you are eligible for a HDB loan, you can take up to 90% financing, and you can use your cpf to pay for the remaining 10%.
However, you would still have to take note that you have to pay for stamp duty, lawyer fees, and agent commission. These might eat into your CPF or cash.
Regards,
Bernard Tan
81800030
HSR Read More
This would depend on the size you are looking at, as well as the amount of cash you have on hand.
You would be able to get a 3rm flat for about 300k. If you are eligible for a HDB loan, you can take up to 90% financing, and you can use your cpf to pay for the remaining 10%.
However, you would still have to take note that you have to pay for stamp duty, lawyer fees, and agent commission. These might eat into your CPF or cash.
Regards,
Bernard Tan
81800030
HSR Read More