**Here is a hypothetical scena | Gallery posted by Ben Wong | Lemon8

**Here is a hypothetical scenario: One of the buyers is a Singapore citizen with a combined income of $5000:**

- **Available Grants:** $115,000

- CPF Housing Grant: $70,000

- Enhanced CPF Housing Grant (EHG): $45,000

- Max loan $284,000

- **Average Price of a 4-Room HDB Flat:** $550,000

**Financing Details:**

- **Loan:** $284,000

- **Down Payment (CPF and Cash):** $266,000

- **Down Payment after Applying Grants:** $266,000- $115,000 = $151,000 (Cash+CPF)

**Additional Costs:**

- **Agent Fee:** $5,995

- **Legal Fee:** $500

- **Buyer's Stamp Duty:** $11,100

**Total Cash and CPF Needed:**

- **Down Payment Shortfall:** $151,000

- **Miscellaneous Fees:** $5,995 + $500 + $11,100 = $17,595

- **Total:** $168,595

Therefore, to purchase a 4-room resale HDB flat valued at $550,000, you would need to prepare approximately **$168,595** in cash and CPF.

*Please note that this is an estimate, and the actual amount may vary due to various factors. Make sure to plan carefully before making a purchase decision!*

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