HDB Downpayment

I am a single, looking to purchase a 600k HDB. Given that HDB indicated 250-350k for my loan amount and i have no grants viable for me, do i need to fork out the remaining 250-350k as downpayment?

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Ace

18d ago

Do you mean you used the https://homes.hdb.gov.sg/home/calculator/budget (with Singpass), input the cash savings + CPF savings you have and the estimated loan you are allowed is not adequate to finance the $600K HDB or you are asking when you need to pay the $600K-$350K=$250K?

Refer to:

https://www.hdb.gov.sg/residential/buying-a-fla...

Resale timeline: https://www.hdb.gov.sg/residential/buying-a-fla...

If you have indicated the above properly and honestly you will know the HDB you can afford. Instead of starting with I want to buy a $XXXK (or 1 mil) HDB, start with what is the HDB I can afford (max) based on the HDB calculator, then ascertain whether 2-room BTO or resale, then location etc.. Am a single myself, that's how I budgetted for my HDB purchase.

To your question, if the HDB/Bankloan + CPF + cash you input is not enough, then yes, the amount needs to be paid by cash at point of purchase (you must somehow have the money). The purchase will not go through if you can't finance it (by cash or loan), you will be stuck at step 4-5 of the resale timeline (causing inconvenience to several parties - agent, seller, HDB coordinator).

Reply

Save

Jinsha

07 Aug 2025

Is it BTO?

Reply

Save

View 1 replies

Tricia

01 Aug 2025

Best to ask HDB directly....

Write your thoughts