2 Answers

YT Tan (陈永达)
Good afternoon Kenny,

Have you apply for HLE (HDB loan) or IPA (bank loan) yet?

If you take up HDB loan, your cash outlay will be minimal as you can pay 10% downpayment fully by CPF OA funds.

Do take note these expenses have to be in cash:
1) $5k option deposit
2) $80 resale application
3)$200 valuation fee
4) 1% of purchase price plus 7% gst as agent commission

The rest like stamp duties or legal fees can be paid by CPF OA funds.

Hope my sharing is beneficial to your property purchase.

May I know how can I continue to value add in this purchase?

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 
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Hi Kenny,

Recommend to get a HLE (hdb loan) or IPA (bank loan) ready first before the house hunting so as to zone in on the blocks that suits your requirements.

Other cash components for resale hdb includes:
Option fee 5k
Hdb admin fees 500 approx
Agent commission 1%+7% GST

Thanks and hope to assist with your purchase further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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