Hi Han,
Assuming you are eyeing a studio at $500K, following are what you need:
Downpayment - Cash, 5% = $25,000
Stamp Duty - Cash, 3% - $5,400 = $9,600
(SD must be paid in cash first, and your lawyer will do an reimbursement from CPF)
Balance - Cash or CPF, 15% = $75,000
Next 80% = Bank loan (60% if you still have outstanding housing loan)
You can get a banker to do your IPA first, so you would be better informed on your financial commitment, prior to arrange for viewings. I can also arrange for banker to contact you. This service is free, no obligation.
Please feel free to drop me an email or call me directly for a non-obligation discussion. Alternatively, we can also meet up to discuss at your convenient time and place.
Thank you & Best Regards
J.A.Goh
HP:
9639 0350
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg
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