What properties can I buy with less than $130,000 in my CPF?

With less than S$130,000 in your CPF, your options for buying a property in Singapore are limited, especially when considering the downpayment and other associated costs.

HDB Flats

You might be able to afford a resale HDB flat, but it would depend on the specific price of the flat and the amount of CPF you can use. Here are some general guidelines:

• For a resale HDB flat, you typically need to pay at least 5% of the purchase price in cash, and the rest can be financed through a loan and CPF.
• However, with less than S$130,000 in your CPF, you would need to ensure that the flat's price is low enough to cover the downpayment and other costs.

Private Properties

It is highly unlikely you can afford a private property with less than S$130,000 in your CPF. Private properties, including condos and landed properties, require significant downpayments, which are typically 25% of the purchase price for a loan with a 75% Loan-to-Value (LTV) ratio.

Example Costs

• For a private property, the downpayment alone for a S$1 million condo would be S$250,000 (25% of the purchase price), which is far beyond your CPF amount.
• Additionally, there are other costs such as Buyer's Stamp Duty (BSD), Additional Buyer's Stamp Duty (ABSD) if applicable, and legal fees, which would further increase the financial burden.

EdgeProp Tools

To get a better understanding of what you can afford, you can use the affordability calculator and other tools available on EdgeProp Singapore. These tools can help you estimate the costs involved and find properties that fit within your budget.

In summary, with less than S$130,000 in your CPF, your best option might be to look at resale HDB flats, but even then, you would need to carefully consider the total costs involved.