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Dear Agents, I have a fully paid HDB. Will not be selling away. Will be purchasing another condo unit. Will need to pay 5% cash for downpayment, 3 % stamp duty & 7 % ABSD for singaporean & 15% via cpf.Is it correct? I have called up CPF & was told ABSD can be paid using CPF subject to terms & conditions & mine is a yes. Development bought from developer can pay absd thru cpf direct right? I am looking for a 2 bedder & budget not more than 850k. Possible to get in today market? Any agent can ans to my question & intro units. Thank you
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2 Answers

Mike Lim
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Afternoon, Theoretically, ABSD are payable by CPF but it's like that you will require to pay it in cash first before reimbursing it from your CPF account. As for the loan component, if you are able to get 80% loan, your cash deposit is 5% and CPF payment is 15%. However, do note that if you have utilized CPF for your current HDB, you need to set aside the CPF minimum sum before your will be eligible to use the balance. Do contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
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Alfred Chee 徐仲宏
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Hi Sir, there's a lot of other considerations you have to take in account other than your above queries. It will be my great pleasure to assist you in purchasing your 2nd property. Please call me, Alfred @ 96428496  for further discussion. Thanks. Warmest regards, Alfred DTZ 96428496  Read More
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