CPF Housing Grant – HDB resale flat for sale
The CPF Housing Grant is a housing subsidy provided by the government to eligible first-timer buyers of resale flats. The CPF Housing Grant (in the form of CPF monies credited to your CPF Ordinary Account and not cash) can be used for the initial payment or to reduce the mortgage loan for the flat purchase. HDB resale flat for sale.HDB requires that all the CPF monies in the CPF Ordinary Account must be completely utilized first before giving you a HDB loan. However, this rule does not apply to bank loans.
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