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Am I eligible to buy a condo? I have around cash in hand of $50K , I am PR here with monthly income around $12K. I would like to buy a condo around $600K for my own stay. How much is the down payment in cash and the percentage I can get from loan and from CPF?
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1 Answer

Aaron Chong
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Hi Lily

Here's a short guide for the process of purchasing a private unit:

1) 5% (cash)
2) 15% (cash + cpf)
3) stamp duty of 8% for PR (cash)
4) legal fee of approx $3000 (cash)
5) remaining 80% (bank loan)

There is a new launch at Geylang/ Eunos district called Grandview Suites. 1 bedroom unit is less than 600k after minusing all the discounts given by the developer. What's more, this project is a Freehold.

PLs feel free to let me know if you would like to view or need any other assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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