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Hi Louis,

Cash component of all purchases of private residential housing is 5% minimum suppose the property is purchased at or lower than valuation. You may use part of the sales proceeds of your HDB for this 5% however, the timeline will need to be managed with extra care as it is likely you will only be able to commit to a purchase after the completion of sale. The above is provided that you will be eligible to obtain full 80% loan for your purchase and that you have sufficient funds for the balance 15% in your CPF account available for utilisation.

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Geryl LIM
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Hi Mr Leow,

Thank you for your query!
The cash outlay for private property purchase is :
20% Cash / CPF component
80% maximum loan (depends on credit ratings etc)

Of the 20%-
5% payable will be cash
15% CPF
The 5% cash can be facilitated with the sales proceeds of your hdb flat , but this requires thorough financial calculations and for the timeline to be managed. The selling and buying process is rather technical and complex and requires tenacious effort and care to make sure the proceeds and transition are smooth. Do contact me to run you through the framework of upgrades (which I have handled extensively - visit my testimonials on website) as well as do the financial calculations & advise on marketing strategies and advertisements mediums for the sales of your hdb unit as well as customise a sales report for your intended sales. Furthermore, I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and customised sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. I will usually share about the property outlook with my clients and tailor make a plan that suits best for them in years to come. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

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Mr. Louis,

This is a common issue faced by most Singaporean, we are asset rich but cash poor.

However, when coming to purchase private property, the only finance support we can get is from private finace institute; i.e. bank.

The breakdown of payment for private property is as such:

5% = CASH
15% = CASH +/or CPF
80% = bank loan

How to proceed to upgrade:
(1) The first thing you have to find out from banker on your current financial status, whether are you able or how much you can loan with your household current income.
Upon determine that, then you can plan for your next move.

(2) Assume you are able to get sufficient loan from bank or any private institute, you have to check your CPF account on the sesssion named "property".
Over there, you will be able to see how much you need to return it to CPF after selling your HDB flat.
This amount can be use to pay the 15% or more for your next property.

(3) Check current market pricing for your HDB to understand how much you can sell realistically.
Use this amount to deduct the CPF amount that need to return to CPF to determine the cash component.
If this cash component is sufficient for your 5% downpayment on your private property, then you are ready to upgrade.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Hi Mr Lewis,

5% is the minimum cash outlay for private property, If possible i can meetup with you at your convenience to do an estimated property financial calculation, in order for you to understand your options.

Shawn
 90294371  Read More

Good day Mr Leow .

As per your question, sorry to let you know there is no way to buy a private property with zero cash , the minimum cash you would need is 5% .

Kindly contact me Joanne chia Hp 8333 3327  for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your hdb or 2% for open listing ( many agents marketing ) .

No commission chargeable when i serve you to buy a private property .

Thank you .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi Louis,

As my colleagues have explained, you will need a minimum cash of 5%. However, if you have issues with the 5%, you can also proceed with the sale of the HDB first and use the sales proceed to fund the purchase.

However as private transaction is a private agreement between 2 parties, I have assisted a client to upgrade succesfully from a HDB to a Condo by negotiating a cash down payment of less than 5% during the option process.

Please feel free to contact me so that I can understand your situation better and provide you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

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Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Hi Louis,

You will need a minimum 5% CASH for your private property purchase. This can be from the sale proceeds of your HDB flat.

However, some HDB flats today are sold with "negative sales". For such cases, you may not be able to get back any Cash proceeds from the sale. If you fall into this scenario, you may need to borrow the 5% Cash downpayment from your family members.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More