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Hi,

Typical breakdown as follows if its SC purchasing 1st residential property, with no other residential property at the moment :

Cash 5% 50k
CPF OA 20% 200k
Max bank loan 75% 750k
Stamp duties and legal fees approx 3% 27.6k

The bank will only approve the loan if there's sufficient funds to cover the downpayment and stamp duties (ie. Approx total 278k cash+CPF OA), hence you must have approx 200k cash ready.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Hi,

Do contact me directly to share explicitly and clearly how the revised payment structure is like for your understanding.
Thank you very much !

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
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ERA Multi-Million Dollar Club Award
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Hi

You may email to gavin.ng@orangetee.com.

Gavin Read More