3 Answers

Hi Eric,

Yes minimum 5% cash is required as max bank loan is only 80%. Thanks and look forward to assist with your housing plans further.

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

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  • EL
    Even though my Cpf is enough to cover the 20percent?
Hi Eric,

Yes you need to pay at least 5% cash.

Feel free to contact me, and I can refer reliable bankers to you.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
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YT Tan (陈永达)
Good evening Eric,

The breakdown of initial outlay will be as such if you are able to obtain max 80% bank loan.

1) min 5 % cash
2) 15% CPF or cash
3) estimated 3% buyer's stamp duty
4) legal fees etc

Perhaps you can share more information about your finances on hand (cash and CPF) so I will be in a better position to advise and assist you further.

Just to share!

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Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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