2 Answers

J.A. Goh 吴永益
Hi Sharifah,

Take a condo $1M, and assume your bank loan approval is at 80%:

5% Cash = $50,000
15% CPF = $150,000 (assume your CPF has $150K)
Stamp Duty = $24,600 (use cash first)
80% = Bank Loan

Upfront cash you must have to buy a $1M condo
= $74,600

If your CPF is not enough for the 15%, then will be cash.

Please feel free to drop me an email or call me directly for further discussion.

Thank you & Best Regards
J.A.Goh
ERA Marketing Director
HP: 9639 0350 
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
1
Hi, hopefully you managed to get your doubt or query answered. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
1

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions