Simply put, the minimum CASH you need for any property is 5% of purchase price if you are Singaporean.
However, the minimum DOWNPAYMENT for any property is 23%-$5,400.
However the max quantum you can go for is dependent on your loan. Bankers can advise. We can give you a rough sum too.
Don't forget to factor in the monthly maintenance fees, annual property tax, renovation/fittings costs, agency fees (if you intend to rent out).
Sounds like a lot of costs to take note of, but you'll see why property is still one of the favorite choices of investment once you see the numbers.
We'll be happy to share with you in detail how you can plan to build your assets with proper planning.
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