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Hi, to give a rough calculation for you,

The fees are as follows

Given that 25% loan is approved, you will have to come out with the following
Legal fees (2k estimate)
Option fee (5k)
Downpayment ($162.5k)
ABSD 5% ( 32.5k)
BSD (14.1k)
Valuation fee ($120)
Agent fee 1% ($7,085)

In total, the amount will add up to $223,305 in cash and cpf needed.
The cash amount you will need first is $91,185, which you can apply for reimbursement for the stamp duties later .

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

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Minimum cash outlay is at $32,764.45 based on $650,000 purchase assuming that there is no COV. Balance $130,772 can be in CPF or combination of CPF and cash. That is not considering any agent commission which is 1% of the purchase price where GST is also applicable on this 1%. Hope this helps!

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Hi

Breakdown as follows (assuming no COV scenario)

DP Cash 5% 32500
DP Cash/CPF OA 20% 130000
Bank Loan 75% 487500

Stamp Duties (cash or cpf) 46600
Legal fees (cash or cpf) 2500
Agent success fee 1% + GST (cash) 7085
Hdb resale application fee and valuation 200

So minimum cash outlay is 39785 , cpf OA needed is 179100

Has both you and spouse attain SPR status each of 3 years? Also checked on your bank loan attainable? HFE letter applied?

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

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Hi, appreciate your sharing.
5% - cash
20% - cash/CPF
Legal fees - $2000
Stamp fees - CPF Or cash
ABSD - CPF or cash
agent fees - cash
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi,

1) Under a bank loan, the downpayment of 5% must be in cash and 20% can be either cash and/or CPF.
2) Buyer stamp duty and ABSD can be paid using CPF funds or cash.
3) The breakdown of the various major funds needed are as follows assuming $650k is the LTV; meaning no COV in this purchase:
(a) Downpayment:
5% ($32.5k) must be in cash (option fee of $5k can be inclusive)
20% ($130k) can be cash and/or CPF
(b) Buyer stamp duty: $14.1k (cash and/or CPF)
(c) ABSD (5%): $32.5k (cash and/or CPF)

Must be in cash for the below:
(d) Agent fees (1%): $6.5k + 8% GST if applicable
(e) legal fees: $2.2k~$3K
(f) caveat, survey fees, property tax, and miscellaneous: $500~$700
(g) Valuation fees: $120
(h) Resale application: $80.

4) Minimum cash needed is around $43k. If CPF funds are insufficient for the stamp duty, that would be around $89.6k or more.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Here's a breakdown of the estimated cash needed for an SPR to buy a S$650,000 resale HDB flat with a 75% loan:

**Cost Components:**

* **Purchase Price:** S$650,000
* **Loan Amount (75%):** S$487,500 (This will be deducted from your CPF Ordinary Account upon approval)
* **Downpayment (25%):** S$162,500 (This is where you'll need a combination of cash and CPF)

**Downpayment Breakdown (Cash + CPF):**

* **Required Minimum Cash:** This will depend on CPF savings and available housing grants. Here's a typical scenario:
* **5% Cash Payment:** S$32,500 (This is the minimum downpayment required in cash)
* **20% CPF Payment:** S$130,000 (You can use your CPF Ordinary Account savings for this portion, potentially offset by grants)

**Additional Charges (Estimated):**

* **Buyer's Stamp Duty (BSD):** ~ S$19,500 (calculated on a tiered structure, might be slightly higher)
* **Additional Buyer's Stamp Duty (ABSD) for SPR:** ~ S$32,500 (5% of purchase price)
* **Agent Fee (optional):** S$0 - S$20,000 (depends on negotiation and property value)
* **Legal Fees:** S$2,500 - S$3,500 (estimated)

**Total Estimated Cash Outlay:**

* Considering the minimum cash down payment and estimated additional charges, you might need roughly S$84,500 - S$107,000 in cash upfront (S$32,500 down payment + S$19,500 BSD + S$32,500 ABSD [minimum])

**Important Notes:**

* This is a simplified estimate. Actual costs can vary depending on individual CPF savings, eligibility for grants, and negotiated agent fees.
* It's recommended to use the HDB Resale Flat Eligibility (HFE) e-calculator for a more personalized estimate: [https://homes.hdb.gov.sg/home/calculator/budget](https://homes.hdb.gov.sg/home/calculator/budget)
* Consider consulting a property agent or financial advisor for specific guidance on your situation.
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