2 Answers

Hi Ms. Lee,

Typical 3bedroom EC is ranged around 750-900k, depending on location, unit size, floor and facing. To be eligible, you need to have at least 1 citizen applying with a family nucleus, and monthly household income cannot exceed 14k. You must also not have sold a private property.

Typical EC financial breakdown :
Cash 5%
CPF 15%
Max bank loan 80%
Stamp duties and legal 3% approx

Repayment amount depends on loan tenure, interest rate etc. Say for 600k loan, 2.5% of 30 years, it will be about 2.4k/month. you can use your CPF OA to finance the monthly repayments.

May I know which project are you Keen on? Thanks and hope to value-add further to your EC plans. Please give me a call at 97432395  to discuss further.

Warm regards
Ivan ERA
Website: http://www.ivanng10.com/#!reviews/c11r1
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