Hi,
I need to know your residence status in order to comment whether eligible or not.
The following are the assumption made to provide you a breakdown of the cost:
(1) Both you and your mother are SC
(2) Either one of you are SC
(3) You are working adult.
Hereby breakdown of the amount required for HDB between 400k~500k with the assumption of getting HDB loan as this will greatly reduce the amount of cash needed.
Cash required for resale purchase:
(1) OTP deposit & exercise = $5k
(2) Resale application = $80
(3) Registration & microfilming = $215.90 (3-rm & above)
(4) Valuation = $120
(5) Miscellaneous = $16.05
(6) Caveat = $139.30
(7) Fire insurance = $6.60 (5-rm), $5.50 (4-rm)
(8) Salesperson commission (1%+GST) = $4,285 ($400k), $5,350 ($500k)
CPF:
(1) 10% downpayment = $40k ($400k), $50k ($500k)
(2) Basic stamp duty = $6,600 ($400k), $9,600 ($500k)
(3) ABSD (both are SPR,5%) = $20,000 ($400k), $25,000 ($500k)
(4) Legal fee = $1.2k~$1.4k dependent on loan amt
(5) HPS = $600 dependent on loan amt.
Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
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