AskGuru Q&A Community

Hi Mel,

I'll be glad to fill you in with the details.

Kindly drop me a sms or email so that I can explain everything to you.

God bless!

LB TOH
District Director
ECG Property Pte Ltd
CEA Reg. R014840J
Mobile: +65 97989633 
Email: Laibeng.toh@gmail.com
Website: www.LBTOH.myweb.sg Read More

Hi Met,

For example if the HDB flat you want to buy is 350K evaluation + 30K cash, and you are getting 80% loan from bank, here are the cash breakdowns:
1) For the 30K cash so called COV, it is can only be paied by cash;
2) For the 20% of 350K which is 70K, 17.5K must be from cash; the remaining 52.5K can be from either CPF or cash;
3) stamp duty, 3800, can be from either CPF or cash;
4) lawer fee, normally bank will absorb. If not it is about 1500;
5) Stamp duty on Mortgage, 500;
6) Agent fee = X

In summary, you will need cash 48K, CPF 56.3K. Bank loan 280K.

All the above is base on the assumption that you are not singaporean and you are not getting loan from HDB, other wise the calculation will be a bit different.

Hope it helps you, if you like my answer, give me a thumb up. :P

Anymore questions, just drop me a mail will do.

Robert Peng: 9800 1968 
Robertpeng001@gmail.com
CEA Reg No: R042525J Read More