Asked by Mr. Peter tam
Hi,
For buying condo, SPR need to pay extra ABSD 5% - Understand we must come out ABSD by cash 1st and later reimburse from CPF account, may i know how long CPF giving back the money ?
Any way i can pay ABSF using CPF acc money without paying cash 1st ?
Thanks,
Peter :)
For buying condo, SPR need to pay extra ABSD 5% - Understand we must come out ABSD by cash 1st and later reimburse from CPF account, may i know how long CPF giving back the money ?
Any way i can pay ABSF using CPF acc money without paying cash 1st ?
Thanks,
Peter :)
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Read breakdown to buy new launch condo,i read is :
1)5% cash of property price
2)3% stamp duty (can pay by CPF)
3)5% ABSD (Can pay by CPF)
4)15% Down payment (Can be from CPF)
I haven't apply any bank IPA, but from web calculation, i think i can loan up to 80% and condo price at 600K. (My CPF OA = 175K)
From above breakdown and for new launch condo price at 600K, does it mean i only need to prepare cash :
1)5% cash of property price = 30K.
The rest just wait and pay by CPF since i shall have enough enough time to ?
Thanks,
Peter.