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Hi,

I always prepare a cost breakdown for all my client to allow them to consider how they wanted to finance their home.
This is to ensure that you do not over-stretch yourself in a long term commitment.

Hereby breakdown of the amount required for HDB between 250k~330k with the assumption of getting sufficient HDB loan as this will greatly reduce the amount of cash needed.

Cash required for resale purchase:

(1) OTP deposit & exercise = $5k
(2) Resale application = $80
(3) For transfer or mortgage = $38.30
(4) Valuation = $120
(5) Miscellaneous = $15
(6) Caveat = $139.30
(7) Fire insurance = $4.50 (3-rm), $5.50 (4-rm)
(8) Salesperson commission (1%+GST) = $2,675 ($250k), $3,351 ($330k)

CPF:
(1) 10% downpayment = $25k ($250k), $33k ($330k)
(2) Buyer stamp duty = $2,100 ($250k), $4,500 ($330k)
(3) Legal fee = $1.050 ($250k), $1,219 ($330k) (this amount is assuming at 90% loan)
(5) HPS = $196 ($225k), $259 ($297k) dependent on loan amt.

The above is based on the assumption you are taking HDB loan. Bank loan shall be some difference due to maximum loan from bank is only 80$.

Hope the above answer to your main concerns, but if there are more queries, do not hesitate and feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com Read More

Dear Sir/Mdm!

Good day to you!
I’m Daniel Tan from Huttons.

Below is a rough breakdown of the cash and cpf component assuming you will be taking a HDB loan, but not limited to below,

Cash:
Option Fee and deposit - < S$5,000
HDB application, Insurance, admin fee and Misc - ~S$300
Agent Service Fee - (1% + GST) of purchase price

CPF:
Downpayment - 10% minus (Option fee and deposit)
Buyer Stamp Duty - 1% for 1st $180,000, 2% for 2nd S$180,000 and 3% for next S$640,000.
Legal fee and Misc - ~S$1,500

Above is an estimation of the purchase of HDB using HDB loan.

Please allow me to arrange for a meet up so as to better understand your needs and requirement. Allow us to find a time to discuss in details and pln for your purchase.

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Have a great day ahead.

Best Regards

Daniel Tan
Huttons Asia Pte Ltd

(+65) 9477 5100 
daniel.tck@outlook.com
www.danieltanrealestate.com
FB@danieltanrealestate Read More