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Hi,

Presume selling price is $420K,

1) 90% loan: $378k
2) Downpayment 10% CPF: $42k
3) Stamp and legal fees CPF: Around $8k
4) Balance CPF available: $50k
5) Top up in CPF: $378k-$345K=$33K

The cash that you need to pay is the agent's service fee of 1%+GST, valuation report and admin fee, estimated $5k.

If you are buying under Single Scheme, you will be eligible for 15K grant. In the event that you get married in the future, you can get a top up grant of 40K for staying near parents.

Feel free to contact me if you have further queries or need further assistance.

Thank you.

Angela Chua
Propnex Realty Pte Ltd
H/P: 9323 3330  Read More

Hi,

The amount of cash you need to prepare depends on how much is the difference between valuation and selling price. If selling price is 420K and valuation is 400K, cash over valuation is 20K. The rest of 400K is funded by your CPF and HDB loan. Stamp duties and legal fees can be paid by CPF.

Other cash components include agency fees 1%+GST , and hdb admin fees, total about 5K.

May I assist your further with your housing requirements? Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Morning,

Depending on the valuation figures, your cash component might vary. Based cash requirement would be $5k, being for option and exercise fee. You will also need to prepare around $1k, being for valuation fee, admin fee, property tax refund, etc. Not forgetting commission payable to your servicing agent.
Grant should be eligible to you as your income is within the cap set by HDB but the actual figures would be dependent on whether you are getting under single scheme or public scheme.

Do feel free to contact me for detailed discussions.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to optimize your time and search in a hassle free manner!

Based on your budget,needs and preferences, I will come up with a customized list of units to view, which works efficiently and effectively.

My services cover you through the whole process from finding the property to negotiating for the best price to post deal paperwork to establishing financial calculations and ascertaining risks. I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live transactions for your understanding, share on financial calculations and progressive payments information you may need, provide more information on rental yield and potential capital appreciation.

Do visit my website to view my testimonials/recent awards and gather more info on me: www.kumarrai.com.
Look forward to hearing from you! Have a great day!

D Kumar
 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com dkumar@era.com.sg

About Me-
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award
Preeminent Group
2014 3rd Quarter Top Achievers
(Top 13 Achiever)
2014 August ERA Top Achievers (Top 4 Achiever)
2014 September ERA Top Achievers Read More