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Hi I am looking for a 3room resale flat in the north area for less than 300k but I do not have any cash on hand if seller were to ask upfront but I have abundance in my CPF account. Is is possible to buy such flat with minimal cash on hand involvement? Thank You
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5 Answers

Mike Lim
Replied
Evening,

If you are getting bank loan, you will need to prepare at least 5% cash for the purchase. If you are using HDB loan, it is still possible to get unit without paying cash out-front, less the admin fee, valuation fee and commission payable.

Do feel free to contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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  • SS
    Replied
    Hi Mike thanks for the prompt response. I am a first time buyer and im not sure how much cash I must have to buy a resale flat of 3 rooms. My cpf is more than half of 300k so i shud be able to get hdb loan instead of a bank loan. I do not have any other credit loan for now. So how much cash should i be prepared for a 3 room flat that costs less than 300K? Perhaps u can give me an estimation including agent fees and all. Thanks.
Sophia Ng
Replied
Hello,

The mandatory method of payment by your cash savings that are possibly above thousand of dollars, you may need would be COV(if any), commission, or 5% down payment if you are getting a bank loan.

I'm currently also helping a few other buyers with similar criteria as you, I understand that you'd prefer to use as little amount of cash as possible and would like to be clear and understand as much as possible of all these payments in cash. If you'd like to, I can help you with your house search accordingly. :)

Feel free to contact me anytime!

Regards
Sophia Ng
ERA Realty Network Pte Ltd
Mobile: 9225 4321 
Email: sophiangsy@era.com.sg
Website: www.sophia-ng.com Read More
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  • SS
    Replied
    Hi Sophia thanks for the prompt response. I am a first time buyer and im not sure how much cash I must have to buy a resale flat of 3 rooms. My cpf is more than half of 300k so i shud be able to get hdb loan instead of a bank loan. I do not have any other credit loan for now. So how much cash should i be prepared for a 3 room flat that costs less than 300K? Perhaps u can give me an estimation including agent fees and all. Thanks.
LH Sim
Replied
Hi Sir/Mdm,

3 rooms in the North of less than $300K is possible. But min cash is still a MUST to have, especially our agent commission. As for the COV possibilities, we can check on the surrounding to see what is the recent transaction and the valuation involve.
You mentioned that you have abundance in your CPF account, is that mean that you are looking to buy the house without taking any loan?
I know of a few units currently are selling below $300K, if you are ready to get your own house anytime, just give me a call @ 9853 2365  anytime.

Regards,
Sim Lenghua Read More
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  • SS
    Replied
    Hi Sim thanks for the prompt response. I am a first time buyer and im not sure how much cash I must have to buy a resale flat of 3 rooms. My cpf is more than half of 300k so i shud be able to get hdb loan instead of a bank loan. I do not have any other credit loan for now. So how much cash should i be prepared for a 3 room flat that costs less than 300K? Perhaps u can give me an estimation including agent fees and all. Thanks.
Tricia Tan
Replied
Hi
Good day. Yes you can currently get a hdb below 300K
However you will still require the cash for below:
1. $5K (option & exercised fees)
2. Hdb legal fees & misc fees
3. Agent commission (1%)

I would love to assist you through the entire transaction. Feel free to reach me via 91442664  for a detailed discussion.
Tricia Tan propnex Read More
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GAN ENG JOO ONASSIS
Replied
Hi,

Re: Our Preferred SG Professional- ASAP Real Estate Services

What you need now is to obtain an HLE loan and bank loan in principle approval to assess what your estimated property range you shall targeted.

I can recommend you the pool of experienced bankers working with me all these years :)

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com
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