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For Bank Loan to buy HDB, besides COV and 5% Cash, what other cash I need to prepare to pay? Deposit 5K is not included in the 5% cash right? What is the rough amount of stamp duty fee etc for a 3-rm resale flat?
Thanks!
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4 Answers

Hi Jacquelin

STamp duty payable is 3% of the purchase price that you are buying as a first time citizen, and it can be paid by cpf. Pls feel free to let me know if you need assistance. Cheers!

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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  • JT
    Aaron,
    I'm a SC. This will be not the first time I'm buying a resale flat thru bank loan so meaning the 3% stamp duty can't be paid off by cpf?
Hi Jacquelin

Thanks your question.

S$5000 deposit is part of your COV, for bank loan. 5% is needed to be paid in cash.
15% can use cpf or cash.

if purchase price is $330k and you are a Singaporean the stamp duty will be 3% = $4800.00

However there are also other fees involve like lawyer fee n etc.

Should I can be of further assistance please feel free to let me know. =)

Regards
Ally Chin
Associate Team Director
CEA No. R010439Z
Propnex Realty P/L
M: 81122213 
E: cwsally@yahoo.com Read More
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  • JT
    Ally,

    Thanks for your reply but how come some agent mentioned stamp duty is 10K while you told me it's about 5K which is half the amount?
Hi Jacquelin

I am basing on if the purchase price is $330k (value+cov). The stamp fees will go up if the total transacted price is higher. =)

Regards
Ally Chin
Associate Team Director
CEA No. R010539Z
Propnex Realty P/L
M: 81122213 
E: cwsally@yahoo.com Read More
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