Asked by Anonymous
Cash needed for resale hdb $550k using bank loan? Singaporean here
98 views
8 Answers
Good day to you.
This can be challenging. For a bank loan, a 5% cash down payment is required upfront. The remaining amount will rely on the LTV and your TDSR, which will influence the loan amount that the bank can offer you. Ultimately, the amount of CPF funds you possess will dictate any extra cash top-up needed.
Let's collaborate to clarify the uncertainties before proceeding.
Navigating a property transaction can feel overwhelming, especially when tied to major life events. As a property consultant with 15 years of experience, I am here to provide not just market knowledge, but also peace of mind.
I specialize in sensitive property matters, offering expert guidance on:
Divorce & Asset Settlement: Helping you achieve a smooth and equitable outcome for your shared properties.
Intestate & Estate Planning: Simplifying the complexities of planning for the future or handling inherited property.
Complex Situations: From Lasting Power of Attorney to bankruptcy cases, I offer clear solutions to your specific challenges.
Ready to find clarity? Contact me for a free consultation today and let’s discuss how I can help you secure a confident future.
Regards
Mike Lim
Mobile: 96929209
email: m52i@yahoo.com
R026708F
ERA
You can also follow my short videos for more tips:
https://www.youtube.com/@SGHomeCompass Read More
This can be challenging. For a bank loan, a 5% cash down payment is required upfront. The remaining amount will rely on the LTV and your TDSR, which will influence the loan amount that the bank can offer you. Ultimately, the amount of CPF funds you possess will dictate any extra cash top-up needed.
Let's collaborate to clarify the uncertainties before proceeding.
Navigating a property transaction can feel overwhelming, especially when tied to major life events. As a property consultant with 15 years of experience, I am here to provide not just market knowledge, but also peace of mind.
I specialize in sensitive property matters, offering expert guidance on:
Divorce & Asset Settlement: Helping you achieve a smooth and equitable outcome for your shared properties.
Intestate & Estate Planning: Simplifying the complexities of planning for the future or handling inherited property.
Complex Situations: From Lasting Power of Attorney to bankruptcy cases, I offer clear solutions to your specific challenges.
Ready to find clarity? Contact me for a free consultation today and let’s discuss how I can help you secure a confident future.
Regards
Mike Lim
Mobile: 96929209
email: m52i@yahoo.com
R026708F
ERA
You can also follow my short videos for more tips:
https://www.youtube.com/@SGHomeCompass Read More
$27500.
Sounds like you're in the midst of a home buying journey!
I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions.
I can help with sourcing, viewing, own-stay & investment analysis, market comparatives, timeline planning, safe entry pricing and more. Feel free to reach out!
You will end up saving much more than $27,500 by using an experienced agent to support your purchase compared to DIY :)
Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More
Sounds like you're in the midst of a home buying journey!
I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions.
I can help with sourcing, viewing, own-stay & investment analysis, market comparatives, timeline planning, safe entry pricing and more. Feel free to reach out!
You will end up saving much more than $27,500 by using an experienced agent to support your purchase compared to DIY :)
Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More
Assuming that $550k pricing is within valuation and also lease balance allows you to loan maximum 75% and CPF withdrawals, your cash needed will be 5% of the purchase price $27,500. Hope this helps!
——
I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
——
I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market. Check out the EdgeProp featured article on myself recently at https://www.edgeprop.sg/property-news/geryl-lim-leading-landed-real-estate-heart-hustle-and-harmony
I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.
Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.
With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.
We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!
Warmest regards,
Geryl Lim
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
1
Hi,
1) The below tabulation is based on the following assumption:
(a) Your household income allowed you to receive 75% LTV of $550k
(b) Sufficient funds in CPF OA or available grants for
(i) 20% downpayment: $110k
(ii) Buyer stamp duty;$11.1k
(c) No COV in this purchase.
2) The cash needed for the purchase would be as follow:
(a) 5% downpayment: $27.5k
(b) Legal fees: $2.2k~$2.5k including GST & mortgage stamp duty.
You have to check with the lawyer whether they included GST & mortgage stamp duty in their service charge. Different films have different way of charges.
(c) Valuation & resale application: $200
(d) Microfilm, title search, caveat, etc: $500
(e) Property tax on the new purchase, the estimate amount depends on the HDB flat type:
(i) 3-room : $1.90/mth
(ii) 4-room : $11.95/mth
(iii) 5-room : $15.40/mth
(iv) Executive: $17.15/mth
The exact amount depends on when is the completion date.
(f) Mandatory basic Fire insurance for 5 yrs, one time payment for every 5 yrs:
3-room: $3.27
4-room: $4.59
5-room: $5.43
Exe: $6.68
(g) Mortgage insurance for the home loan:
This shall depends on different bank, insurance company, loan amount, loan tenure, etc:
Estimate aroung $18.67/mth ~ $34.12/mth (annual premium; $224.04 ~ $409.44).
Some banks are working with only certain insurance company, thus difficult to have to clearer estimation.
All The Best!!!
Hope the above answer to your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) The below tabulation is based on the following assumption:
(a) Your household income allowed you to receive 75% LTV of $550k
(b) Sufficient funds in CPF OA or available grants for
(i) 20% downpayment: $110k
(ii) Buyer stamp duty;$11.1k
(c) No COV in this purchase.
2) The cash needed for the purchase would be as follow:
(a) 5% downpayment: $27.5k
(b) Legal fees: $2.2k~$2.5k including GST & mortgage stamp duty.
You have to check with the lawyer whether they included GST & mortgage stamp duty in their service charge. Different films have different way of charges.
(c) Valuation & resale application: $200
(d) Microfilm, title search, caveat, etc: $500
(e) Property tax on the new purchase, the estimate amount depends on the HDB flat type:
(i) 3-room : $1.90/mth
(ii) 4-room : $11.95/mth
(iii) 5-room : $15.40/mth
(iv) Executive: $17.15/mth
The exact amount depends on when is the completion date.
(f) Mandatory basic Fire insurance for 5 yrs, one time payment for every 5 yrs:
3-room: $3.27
4-room: $4.59
5-room: $5.43
Exe: $6.68
(g) Mortgage insurance for the home loan:
This shall depends on different bank, insurance company, loan amount, loan tenure, etc:
Estimate aroung $18.67/mth ~ $34.12/mth (annual premium; $224.04 ~ $409.44).
Some banks are working with only certain insurance company, thus difficult to have to clearer estimation.
All The Best!!!
Hope the above answer to your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1
For a $550,000 resale HDB using a bank loan, here’s a clean, realistic breakdown of the cash you’ll need as a Singaporean:
1) Downpayment (Bank Loan)
• Minimum 25% of purchase price
• At least 5% must be cash
5% cash = $27,500
Remaining 20% can be CPF OA or cash.
2) Buyer’s Stamp Duty (BSD)
For $550k, BSD works out to $11,100
This can be paid using CPF OA or cash.
3) Cash Over Valuation (COV)
• Depends on valuation vs agreed price
• If valuation matches $550k, $0 COV
• If valuation is $530k, COV = $20,000 cash
4) Legal & misc fees
• Conveyancing, valuation, admin fees
• Roughly $3,000 to $4,000
• Mostly payable in cash first (CPF reimbursable later).
Minimum cash (best-case, no COV):
• Downpayment cash: $27,500
• Legal & misc: ~$3,000
???? ~$30,500 cash
More realistic buffer to be safe:
???? $35k–$50k cash, especially if COV applies.
If you want, I can help you:
• Check how much bank loan you’re likely to get
• Estimate COV risk for the areas you’re looking at
• Plan CPF vs cash so you don’t overstretch
Aren Goh, PropNex
9657 6701 Read More
1) Downpayment (Bank Loan)
• Minimum 25% of purchase price
• At least 5% must be cash
5% cash = $27,500
Remaining 20% can be CPF OA or cash.
2) Buyer’s Stamp Duty (BSD)
For $550k, BSD works out to $11,100
This can be paid using CPF OA or cash.
3) Cash Over Valuation (COV)
• Depends on valuation vs agreed price
• If valuation matches $550k, $0 COV
• If valuation is $530k, COV = $20,000 cash
4) Legal & misc fees
• Conveyancing, valuation, admin fees
• Roughly $3,000 to $4,000
• Mostly payable in cash first (CPF reimbursable later).
Minimum cash (best-case, no COV):
• Downpayment cash: $27,500
• Legal & misc: ~$3,000
???? ~$30,500 cash
More realistic buffer to be safe:
???? $35k–$50k cash, especially if COV applies.
If you want, I can help you:
• Check how much bank loan you’re likely to get
• Estimate COV risk for the areas you’re looking at
• Plan CPF vs cash so you don’t overstretch
Aren Goh, PropNex
9657 6701 Read More
(✔1) Buying with a bank loan can feel tight at the start, as a minimum of 5 percent cash down payment is required upfront.
(✔2) The final loan size depends on bank rules such as Loan-to-Value limits and your Total Debt Servicing Ratio, which are based on income and existing debts.
(✔3) The amount of CPF funds you have will directly affect how much extra cash you need to top up.
(✔4) Assuming a purchase price of 550,000 that is fully supported by valuation and lease balance, the maximum loan of 75 percent can be applied.
(✔5) Under this scenario, the immediate cash down payment required would be 27,500.
(✔6) CPF savings or grants can be used to cover the remaining 20 percent down payment and Buyer’s Stamp Duty, provided sufficient balance is available.
(✔7) Additional cash expenses include legal fees, which typically range from about 2,200 to 2,500 depending on whether GST and mortgage stamp duty are included.
(✔8) Smaller but necessary costs such as valuation, resale application, title searches, and caveats should also be budgeted for.
(✔9) Ongoing ownership costs include property tax, compulsory fire insurance, and mortgage insurance, which vary by flat type, loan amount, and insurer.
(✔10) Planning all upfront and recurring costs early helps prevent cash flow stress after completion.
“Beware of little expenses; a small leak will sink a great ship.” — Benjamin Franklin
WhatsApp me at >> ✔✔9856 9255 or through this link.:https://wa.me/6598569255.
-----------------------99Years------------------------999Years---------------------->>>
IF YOU NEED more assistance with PROPERTY matters such as RENTING, SELLING, BUYING, or INVESTING, I’m here to help.
WhatsApp me at ✔✔ ABLE TOH (65) 9856-9255 or via this link:
https://wa.me/6598569255
Unfortunately, this platform does not allow direct contact, but you can easily reach me on WhatsApp.
✔✔✔You can READ my REVIEWS here:Able S K Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
For PRIVATE HOME BUYERS
✔✔ I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge
✔✔ Most PRIVATE seller agents are willing to share commission with buyer agents
DEVELOPER SALES TEAM
✔✔ BEST PRICES ✔✔ NO AGENT FEES
✔✔ LOWEST PRICE GUARANTEED
For UPDATED INFO, E BROCHURE, FLOOR PLAN, and PRICE LIST for New Launches Condominium in Singapore, contact me directly.
✔✔ Connect Singapore Line (ABLE TOH): (65) 9856-9255
WhatsApp: https://wa.me/6598569255
---///------
如需房产相关协助，
包括出租、出售、购买或投资，
欢迎联系我。
✔✔ ABLE TOH/ 诗强（65）9856-9255
WhatsApp：https://wa.me/6598569255
✔✔✔查看我的客户评价：
Able S K Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
私人住宅买家服务
✔✔ 协助转售及新私人住宅
✔✔ 买家无需中介费
发展商销售团队
✔✔ 最优惠价格
✔✔ 无中介费
✔✔ 保证最低价
新推出私人公寓资料、电子手册、户型图及价格表，
欢迎随时联系。
✔✔ 新加坡联系号码（ABLE TOH）/ 诗强：（65）9856-9255 Read More
(✔2) The final loan size depends on bank rules such as Loan-to-Value limits and your Total Debt Servicing Ratio, which are based on income and existing debts.
(✔3) The amount of CPF funds you have will directly affect how much extra cash you need to top up.
(✔4) Assuming a purchase price of 550,000 that is fully supported by valuation and lease balance, the maximum loan of 75 percent can be applied.
(✔5) Under this scenario, the immediate cash down payment required would be 27,500.
(✔6) CPF savings or grants can be used to cover the remaining 20 percent down payment and Buyer’s Stamp Duty, provided sufficient balance is available.
(✔7) Additional cash expenses include legal fees, which typically range from about 2,200 to 2,500 depending on whether GST and mortgage stamp duty are included.
(✔8) Smaller but necessary costs such as valuation, resale application, title searches, and caveats should also be budgeted for.
(✔9) Ongoing ownership costs include property tax, compulsory fire insurance, and mortgage insurance, which vary by flat type, loan amount, and insurer.
(✔10) Planning all upfront and recurring costs early helps prevent cash flow stress after completion.
“Beware of little expenses; a small leak will sink a great ship.” — Benjamin Franklin
WhatsApp me at >> ✔✔9856 9255 or through this link.:https://wa.me/6598569255.
-----------------------99Years------------------------999Years---------------------->>>
IF YOU NEED more assistance with PROPERTY matters such as RENTING, SELLING, BUYING, or INVESTING, I’m here to help.
WhatsApp me at ✔✔ ABLE TOH (65) 9856-9255 or via this link:
https://wa.me/6598569255
Unfortunately, this platform does not allow direct contact, but you can easily reach me on WhatsApp.
✔✔✔You can READ my REVIEWS here:Able S K Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
For PRIVATE HOME BUYERS
✔✔ I offer solutions for sourcing resale and new PRIVATE homes at ZERO charge
✔✔ Most PRIVATE seller agents are willing to share commission with buyer agents
DEVELOPER SALES TEAM
✔✔ BEST PRICES ✔✔ NO AGENT FEES
✔✔ LOWEST PRICE GUARANTEED
For UPDATED INFO, E BROCHURE, FLOOR PLAN, and PRICE LIST for New Launches Condominium in Singapore, contact me directly.
✔✔ Connect Singapore Line (ABLE TOH): (65) 9856-9255
WhatsApp: https://wa.me/6598569255
---///------
如需房产相关协助，
包括出租、出售、购买或投资，
欢迎联系我。
✔✔ ABLE TOH/ 诗强（65）9856-9255
WhatsApp：https://wa.me/6598569255
✔✔✔查看我的客户评价：
Able S K Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591
私人住宅买家服务
✔✔ 协助转售及新私人住宅
✔✔ 买家无需中介费
发展商销售团队
✔✔ 最优惠价格
✔✔ 无中介费
✔✔ 保证最低价
新推出私人公寓资料、电子手册、户型图及价格表，
欢迎随时联系。
✔✔ 新加坡联系号码（ABLE TOH）/ 诗强：（65）9856-9255 Read More
1
Hi, appreciate your sharing, breakdown is 5% cash, legal fees $2500, renovation fees and agent fees depend on closing price.
Looking forward to assist you at WhatsApp +65 9696 4398 or email me at stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More
Looking forward to assist you at WhatsApp +65 9696 4398 or email me at stewartlim96964398@gmail.com
Cheers
Stewart-PropNex Read More
Hi,
The minimum cash outlay if you're taking a bank loan for a HDB resale flat is 5% of the purchase price, plus any Cash-over-valuation which may be applicable.
With extensive experience spanning both HDB resale and private property transactions, I possess a comprehensive understanding of the market that can guide your specific property goals. Whether you are looking to buy, sell, or invest, I am ready to provide a tailored assessment of the current opportunities available to you.
For a confidential and in-depth discussion, please feel free to contact me directly at +65 97 48 63 05.
Best regards,
Robbie Chen
PropNex Realty
+65 97 48 63 05 Read More
The minimum cash outlay if you're taking a bank loan for a HDB resale flat is 5% of the purchase price, plus any Cash-over-valuation which may be applicable.
With extensive experience spanning both HDB resale and private property transactions, I possess a comprehensive understanding of the market that can guide your specific property goals. Whether you are looking to buy, sell, or invest, I am ready to provide a tailored assessment of the current opportunities available to you.
For a confidential and in-depth discussion, please feel free to contact me directly at +65 97 48 63 05.
Best regards,
Robbie Chen
PropNex Realty
+65 97 48 63 05 Read More