3 Answers

Philip Chong
Hi, to answer you query. Firstly, we would have to look at the finances first. If you have an outstanding mortgage loan, The maximum Loan to Value that the banks are willing to loan you is only 50%. To finance the other 25%, minimum of 25% cash. 1) Assuming, finances/cash no issue, the payment for the condo (resale) is as follows: day 1 - 1%, exercise (2weeks) 4% + valuation fees, 2weeks later ABSD (7%), BSD(3%-5400), lawyers fees, completion (6-10 weeks later) rest of $$. 2) New launch, 5% option, within next 8 weeks, 15% exercise, ABSD, BSD, after which, progressive payment. Do let me know if you need more assistance. Rgds Philip Chong, Associate Team Director, Singapore Accredited Mortgage Planner, Propnex Realty Pte Ltd. Hp: 81613790 Email: propnex@me.com Read More

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  • DC
    thx for your advice, currently I don't have any mortgage loan as I had already paid off my current HDB flat, hence now evaluating my capability to own my second property for new launch, the initial 5% have to be full cash or can be partial cash and CPF?
CK Ang
Hi, great to have many doubts this shown you are a careful person. I can have a sharing session to discuss the details and the procedures. I can be reachable at my mobile. CK Ang 90463808 Vestor Realty Read More

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YT Tan (陈永达)
Good evening! Since you don't have any outstanding loan, you should be able to loan up to 80% (still will be subject to total debt servicing ratio) thus downpayment will be 20% (5% cash 15% CPF OA funds or cash if shortfall). Initial 5% booking fee for new launch must be solely in cash, no component of CPF OA funds. If you need any assistance in your property purchase, feel free to contact me. Cheers! YT Tan ECG Property 9111 5171 yt.lovelyhomes@gmail.com Read More

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