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Morning Loy,

Let's say you are to purchase a 3 room HDB unit at value of $350k and COV of $20k, you will need this amount as stated below (based on 80% loan):
5% cash: $17500
COV: $20000
Legal and Stamp Fee: $7000 (Can be paid by CPF)
15% balance: $52500 (Can be paid by CPF)

These figures have excluded salesperson's commission. Hope I have managed to shed some light for you.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Loy,

For PR, you can only go for private bank on the loan.

Looking at your situation, it would be difficult. Max. bank loan only 80%. You will need 5% Cash upfront. Not forgetting the COV also in cash.

Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions. Alternatively, we can also meet up to discuss
at your convenient time and place.

Thank you & Best Regards
J.A.Goh
HP: 9639 0350 
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More