IMPORTANT DISCLAIMER & ADVISORY NOTICE

All figures, calculations, and projections presented herein are estimates prepared for general financial planning and illustration purposes only. While every reasonable effort has been made to ensure accuracy, no warranty or representation is given as to the completeness, reliability, or accuracy of the information provided.

1. Governing Authorities & Final Determination

All matters relating to eligibility, costs, and transaction outcomes are subject to the final approval and prevailing policies of the relevant authorities, including but not limited to:

• Housing & Development Board

• CPF Board

• Monetary Authority of Singapore

• Inland Revenue Authority of Singapore

Actual figures and obligations shall be determined by official statements issued by the appointed solicitors, financial institutions, and relevant authorities.

2. CPF Usage

CPF usage is subject to prevailing CPF Board rules and limits. Full CPF utilisation is assumed only where the remaining lease of the property is sufficient to cover the youngest buyer until at least age 95. Any changes in buyer profile, property lease, or CPF policies may affect eligibility and usable amounts.

CPF funds are not cash and will be refunded to the CPF Ordinary Account upon sale of property. CPF usage for property purchases will reduce available CPF savings and may affect future retirement planning.

3. Loan & Financing

All loan figures are indicative and subject to final approval by the financial institution. Loan quantum, tenure, and terms may vary based on valuation, borrower profile, income assessment, prevailing interest rates, and regulatory limits such as MSR/TDSR.

No guarantee is made that the stated loan amount will be approved.

4. Valuation & Cash Over Valuation (COV)

All purchase calculations assume that the valuation of the property is equal to the agreed purchase price. In the event that the valuation is lower than the purchase price, the difference (Cash Over Valuation) must be paid fully in cash and is not eligible for CPF usage or loan financing.

5. Cash Requirements & Upfront Payments

Buyers are required to make certain payments in cash, including but not limited to:

• Option to Purchase (OTP) deposit (up to $5,000)

• Exercise deposit

• Administrative and valuation fees

• Agent’s commission (where applicable)

Some payments may be required prior to completion and may not be immediately reimbursable via CPF.

6. Timing & Cash Flow Considerations

CPF refunds from the sale of an existing property are only credited upon completion. If the purchase of a new property occurs before the sale is completed, buyers must ensure sufficient liquidity to meet interim financial obligations, including deposits and fees.

7. Additional Costs & Exclusions

The calculations provided do not include, unless otherwise stated:

• Renovation costs

• Moving expenses

• Insurance (fire/home)

• Maintenance fees

• Utility deposits

• Any unforeseen or incidental expenses

Actual costs may vary.

8. No Professional or Legal Liability

This information is provided as a general guide only and does not constitute financial, legal, or tax advice. Clients are strongly advised to seek independent advice from qualified legal, financial, and tax professionals before making any property decision.

The agent and associated parties shall not be held liable for any loss, damage, or decisions made based on the information provided herein.

9. Final Note

All final figures, balances, and payment obligations shall be determined by the official completion account and statements issued by the acting solicitors and relevant authorities.