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Choo Jia Ming
Replied
Dear Shawn,

For HDB flat buyers who are taking a bank loan (with no outstanding housing loan), you would need to prepare a 20% downpayment ( 5% in cash and 15% CPF/ Cash) on top of the Cash Over valuation negotiated and other misellanous charges

If we are able to discuss further, please let me know.

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
CEA Salesperson reg. no: R026370F Read More
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Mike Lim
Replied
Afternoon Shawn,

PRs can only obtain bank loan for purchase of resale HDB. Thus you will need to set aside the 20%. Estimated valuation * 20% - available CPF (minimum 5% must be cash) will tell you the amount of cash you need to set aside for this.
Do not forget the cash over valuation, stamp fee, etc.
Feel free to contact me for further assistance.

Thanks
Mike Lim
 96929209 
ERA Read More
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