1 Answer

YT Tan (陈永达)
Good evening buyer,

Usually these are the expenses that you need to fork out for a property purchase provided you are able to obtain a 80% bank loan (still subject to total debt servicing ratio):

1) 5% cash downpayment
2) 15% CPF OA or cash downpayment
3) estimated 3% buyer's stamp duty
4) $2.5k legal fees
5) $500 stamp duty for mortgage
6) other misc fees

For instance, a property costs $600k. You will require at least $138k (23% of purchase).

Hope my explanation helps! Cheers

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
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