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Home Financing

Asked by Henry 10 Jan 2012

For resale EC (age over 5 years or 10 years), what are the financing requirements? Is it 5% cash + 15% (cpf/cash/both) + rest via loan + stamp tax? Any difference in the financing options between over 5 years & over 10 years resale EC?

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Mike Lim · Answer 1 · 2012-01-10T15:18:10+08:00

Mike Lim

Replied 10 Jan 2012

Afternoon Henry,

You have got all the facts right, if you do not have existing mortgage loan. Legal subsidies by bank is also capped at certain amount.
Resale EC of 5 to 10 years old is only opened to PR and SC while EC of 10 years old or more is open to everyone.

FYI
Mike Lim
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