How can I own a BTO flat with a monthly income of $1,000?
Posted on 03 Sep 2015 |
With CPF housing grants, steady monthly CPF contributions, and a housing loan, it is possible to own a BTO flat with a monthly income of $1,000. Take a look at the example of this family could buy a 2-room flat with the subsidies and CPF housing grants from HDB. They could also pay their monthly instalments entirely from their CPF contributions, without cash outlay.
Do apply for a Housing Loan Eligibility (HLE) letter before applying for a flat so you will know the maximum loan amount you are eligible for, and can plan for your flat purchase accordingly.