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Hi,

It depends on whether you are taking hdb or bank loan, and also whether how much grant you are eligible. For hdb loan, breakdown as follows:

Cpf 10%
Max hdb loan 90%
Stamp duties and legal fees approx 3%
Agent commission 1%+gst
Hdb admin fees approx 500
Option deposit of 5k
COV if any

Thanks and look forward to assist with your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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(Client's Testimonials) Read More

Good afternoon Kim,

The amount of downpayment will depend which loan are you taking.

If you are taking max 90% HDB loan, it will be 10% downpayment which can be fully paid by CPF OA funds.

If you opt for max 80% bank loan, the 20% downpayment will be as such:

1) 5% cash
2) 15% CPF or cash

Other expenses will be:

1) $200 valuation fee
2) $80 resale application fee
3) legal fees
4) prorated property tax
5) agent commission (1% of purchase price plus 7% GST)

I had assisted numerous buyers to purchase their resale HDB at or below valuation (NO COV!!!).

Probably you can share more information with me so I will be in a better position to advise and assist you further.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More