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Hi there,

BTO have to be bought directly from HDB. The upfront cash payment is minimal if you apply HDB Loan. Option fee $2000 (depend on the flat size) and admin/processing fee need to be paid by cash. The rest can be cash or CPF. if your CPF is not sufficient to cover conveyancing fee, Buyer Stamp Duties then you need to prepare cash.

For HDB resale, you can choose HDB loan, upfront cash usually is $1000 maximum for option fee, and $4000 exercising fee. if you take HDB loan, 10% down payment can be by cash or cpf, 90% by hdb loan.

if you take bank loan, minimum 5% cash, 20% by cash or cpf, 75% by bank loan.

Agent commission is by cash only :)

Pls consult me or do your own homework HDB loan vs Bank loan.
Pls take note that 30% MSR & 60% TSDR will affect your loan eligibility. Only CPF OA can be used for housing purchase.

Feel free to contact me via whatsapp or call.

Mei Foong
(CEA Reg No: R063413E) Read More

HI

You may text 9620 0827  for a casual chat.

Warmest regards

Gavin Read More

Hi,

It depends on you are using an HDB loan or bank, it has nothing to do with BTO or resale flat.
Both BTO & resale downpayment are the same:

1) HDB loan: 10% downpayment, 90% loan-to-value.
10% can be in cash and/or CPF

2) Bank loan: 25% downpayment, 75% loan-to-value.
5%: must be in cash
20%: can be in cash and/or CPF

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi,

The downpayment can be in form of a combination of Cash and CPF.

If you're taking a HDB loan, your CASH downpayment can be as little as $1 to $5000 (option fee and exercise fee), with the balance of up to 10% of the purchase price (or Valuation) payable by CPF.

If you're taking a bank loan, you will need to set aside at least 5% of the purchase price (or Valuation) in CASH. The balance 20% downpayment can be in form of CPF.

Do take note that any Cash-Over-Valuation (COV) has to be paid in CASH.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More