Afternoon Elyn,
If you and your spouse are SC and first timer, you can get HDB grant and Additional Housing Grant. You will also be eligible for HDB loan. Let's say you purchase a 4 room flat with valuation of $450k, you will have around enough for the 10% and legal plus stamp fee. Cash component which would be the COV is totally depend on which unit you choose and your budget.
But if you are PR or taking bank loan, with unit valued at $450k, you need to prepare around $85k cash, excluding COV. This is assuming that the bank can loan enough for the purchase.
It would be good for us to sit down and work out the sums, so that you have a clear picture.
Do feel free to contact me for further discussion.
Regards
Mike Lim
96929209 ERA
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