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As a Singaporean and a foreigner who is applying PR, with combined total income only $72k and my ordinary acct only hav $38k.. Please kindly advise whether can we buy a house...? At least 2bedroom..
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1 Answer

Shao Inn Tian
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Hi Xp

Thank you for your enquiries!

Most Singaporeans buy houses using mostly their CPF, if CPF is insufficient, you will have to top up with cash.

To buy a new launch project, you need:

1)5% of the purchase price in cash
2)15% of the purchase price in cash/CPF

So assuming a 2bedroom condo at 800K, you may need to have 40K cash as booking fee, the other 15%-38K will be 82K cash.

This also largely depends on which district you are looking at as the prices vary pretty much.

Hope this helps!

If you have further questions, pls feel free to contact me.

Inn Tian
 9068 8568 
inntian@gmail.com Read More
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