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Hi,

You will need to check for a bank indication. Normally, your agent or the seller's agent will have the bank indication of the unit you are interested in. In today's market, most of the banks will be able to match the selling price. If the bank is unable to match, the excess portion will have to be paid in cash. (i.e. If selling price is 800k, bank match to 780k, you will have to fork out another 20k cash on top of the 5% cash option fee).

Different banks will have different bank indication for the same unit, so you may want to check with the bank that you are applying your loan with for the bank indication. It will also be advisable for you to apply for a Approval in Principle (AIP) before you start hunting for your unit.

Do call/ email me should you need more info. Happy house hunting!

Warmest Regards,
Jenna Tong
 8298 3379 
jenna.tong@yahoo.com.sg Read More

Looking to sell, buy or rent? Looking to re-evaluate your asset portfolio? Look no further.

As your dedicated real estate agent, I bring more than just industry expertise to the table; I bring a commitment to excellence and a passion for delivering results that exceed expectations. With a deep understanding of the market dynamics, I tailor my approach to suit your unique needs, ensuring a seamless and stress-free experience from start to finish.

Let’s start your journey to your dream home today!
Right Believing, Right Living!

Call or text for a non-obligatory consultation discussion to know more.

John Lai
PropNex Associate Director
PropNex Realty Pte Ltd
Top Achiever Agent 2023
Award-Winning District
Certified ‘SND Save and Safe’ Consultant - Your trusted asset progression consultant.

Mobile: 8 4 4 4 0 8 9 9
Email: johnlaiproperty@gmail.com

Self introductory video - https://youtu.be/yygkGSG4Mtw
Social Media -
FB: facebook.com/johnlaiproperty
IG: @johnlaiproperty
Tiktok: @johnlaiproperty
YouTube: @johnlaiproperty Read More

Looking to sell, buy or rent? Looking to re-evaluate your asset portfolio? Look no further.

As your dedicated real estate agent, I bring more than just industry expertise to the table; I bring a commitment to excellence and a passion for delivering results that exceed expectations. With a deep understanding of the market dynamics, I tailor my approach to suit your unique needs, ensuring a seamless and stress-free experience from start to finish.

Let’s start your journey to your dream home today!
Right Believing, Right Living!

Call or text for a non-obligatory consultation discussion to know more.

John Lai
PropNex Associate Director
PropNex Realty Pte Ltd
Top Achiever Agent 2023
Award-Winning District
Certified ‘SND Save and Safe’ Consultant - Your trusted asset progression consultant.

Mobile: 8 4 4 4 0 8 9 9
Email: johnlaiproperty@gmail.com

Self introductory video - https://youtu.be/yygkGSG4Mtw
Social Media -
FB: facebook.com/johnlaiproperty
IG: @johnlaiproperty
Tiktok: @johnlaiproperty
YouTube: @johnlaiproperty Read More