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Hi, I am planning to buy a HDB resale flat at $700K, with COV of $80K. Understand I am required to pay a 5% cash +15% CPF deposit. Question: - Can the 5% cash deposit be considered as part of the $80K COV cash? Thank you.
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2 Answers

Aaron Chong
Replied
Hi Mrs Tan

Nope you can't, as the 2 component are different and you have to pay separately.

Pls feel free to let me know if you need any assistance. Cheers!

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Mike Lim
Replied
Afternoon Mrs. Tan,

Loan are dispersed based on valuation price. 5%cash is the cash deposit component if you obtained an 80% loan. COV, on the other hand, is cash payable on top of valuation price. Hence it's not possible to lump this two component into one.

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