Asked by Anonymous
Hi, How much is 5% of cash for a EC of $680,000?
Thank you
Thank you
710 views
4 Answers
Hi,
That will be $34,000. May I know which EC are you considering at the moment? Will be glad to do the full illustration of the financial planning so you have a hassle free process. Thanks and hope to discuss further.
Warm regards
Ivan ERA
97432395
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
That will be $34,000. May I know which EC are you considering at the moment? Will be glad to do the full illustration of the financial planning so you have a hassle free process. Thanks and hope to discuss further.
Warm regards
Ivan ERA
97432395
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
Good afternoon buyer,
5% cash downpayment/ booking fee will be $34k.
Do take note that you will need to fork out 15% CPF OA funds/ cash ($102k) within 8 weeks from OTP grant date to complete the purchase provided you have a 80% bank loan.
Other misc fees will be:
1) $2.5k legal fees
2) estimated 3% buyer's stamp duty ($15k)
3) $500 stamp duty for mortgage
4) valuation fee etc
Usually law firms will recommend buyers to pay BSD by cash because CPF Board might not release the funds in time to pay IRAS. But not to worry, you should be able to use your CPF OA funds for the payment of BSD if you have sufficient funds.
Hope my explanation helps!
If you need any assistance or advice in your EC purchase, feel free to contact me!
As a buyer, you dont have to pay commission to your representative and I had assisted a few friends in their EC purchase before, I will be up to the task.
Hope to hear from you soon!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More
5% cash downpayment/ booking fee will be $34k.
Do take note that you will need to fork out 15% CPF OA funds/ cash ($102k) within 8 weeks from OTP grant date to complete the purchase provided you have a 80% bank loan.
Other misc fees will be:
1) $2.5k legal fees
2) estimated 3% buyer's stamp duty ($15k)
3) $500 stamp duty for mortgage
4) valuation fee etc
Usually law firms will recommend buyers to pay BSD by cash because CPF Board might not release the funds in time to pay IRAS. But not to worry, you should be able to use your CPF OA funds for the payment of BSD if you have sufficient funds.
Hope my explanation helps!
If you need any assistance or advice in your EC purchase, feel free to contact me!
As a buyer, you dont have to pay commission to your representative and I had assisted a few friends in their EC purchase before, I will be up to the task.
Hope to hear from you soon!
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More
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SVsashikala vekusamyRepliedHi, All the misc fee are to be paid by cash or cpf?
Thank you
Good evening buyer,
usually misc fees need to be paid in cash. But for new condos, normally there are sufficient time for your law firm to apply to CPF board to release funds to IRAS for the payment of BSD provided you have sufficient funds.
Btw which EC are you looking at?
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More
usually misc fees need to be paid in cash. But for new condos, normally there are sufficient time for your law firm to apply to CPF board to release funds to IRAS for the payment of BSD provided you have sufficient funds.
Btw which EC are you looking at?
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More
Hi,
For new project, the payment will be
- 5% cash
- 15% cash or CPF
- 3% stamp duty, cash or CPF
- around 3K legal fee cash or CPF
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
CK Ang
9046 3808
res.ckang@gmail.com Read More
For new project, the payment will be
- 5% cash
- 15% cash or CPF
- 3% stamp duty, cash or CPF
- around 3K legal fee cash or CPF
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
CK Ang
9046 3808
res.ckang@gmail.com Read More