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Dear Gurus,

We would like to seek your advice on what are the estimate fees (legal fees, lawyer fees, etc.) to consider for buying a 5 room HDB flat from the open market of S$500k? Assuming HLE with $240k, and CPF of 125k for use.

Good day and Thank you.
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4 Answers

Ivan Ng
Replied
Hi,

Assuming valuation matches agreed price of 500k, after HLE of 240k and CPF of 125k, your estimated cash component will be:
135k (to top up shortfall of price)
9600 (buyer stamp duties)
5350 (1% agent commission+GST)
3500 (legal fees+ hdb admin fees)

May I know which block and location are you referring to? Thanks and look forward to value-add to your housing plans further.

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

Email: Ivanng10@gmail.com
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  • MT
    Replied
    Hi Ivan,


    Does your $3500 include property tax, valuation fee and application fee? Thank you.
Ivan Ng
Replied
Will be glad to nego a good price for you as well and ensure you have a smooth and professional transition. Thanks and look forward to hear from you. Read More
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Mike Lim
Replied
Afternoon,

Since you are taking HDB loan, the legal fee and stamp fee will sum up to around $11k. The estimated required loan is around $325k, assuming that you are no getting any housing grant. Hence, based on your HLE figures, you will need to top up cash of around $80k.

Do feel free to contact me should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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Gavin Ng
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Hi

Apart from those questions which you have the answers, you will probably have more questions regarding the entire transactional process.

You may want to call 9620 0827  for a chat or email to gavin.ng@orangetee.com.

Regards

Gavin Read More
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