Good morning buyer,
If you meet the conditions of Singles grant or additional housing grant, you will be eligible for either one or both.
You may want to refer to the link taken from HDB website below:
http://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/resale/single-singapore-citizen-scheme-or-joint-singles-scheme
The initial outlay will depends on which type of loan you are obtaining.
If you are eligible for HDB loan, your downpayment will be 10% and it can be fully paid by CPF OA funds.
If bank loan, it will be 5% cash and 15% CPF OA funds or cash.
other costs will be:
1) $1000 to obtain obtain to purchase and $4000 to exercise it (this amount will be contributed to the purchase price).
2) valuation fee $200
3) resale submission $80
4) estimated 3% buyer's stamp duty
5) legal fees (depends on HDB or private)
6) agent's commission (1% of purchase price)
Hope my explanation helps!
If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!
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
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