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Condo Questions

Asked by Ting 12 Jul 2012

Hi, I would like to ask how much cash do I have to come up with when purchasing a condo? I'm singaporean, and I'm living with my parents at the moment.

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William Koh · Answer 1 · 2012-07-13T10:53:08+08:00

William Koh

Replied 13 Jul 2012

Hi Ting,

Below are the breakdown,

20% Downpayment
--> 5%: Cash
--> 15%: Cash/CPF

Stamp Duty: 3%-$5400 (cash)
Bank Loan: max 80%

--
Cheers,
William Koh
9027 1972
willkck@gmail.com
www.GuruSg.com
www.sgRippleBay.com
www.sgBartleyResidences.com
www.sgSkyHabitat.com
www.myBedokResidences.com
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Radhika Prakash · Answer 2 · 2012-07-18T10:36:32+08:00

Radhika Prakash

Replied 18 Jul 2012

Hello Ting,

The cash flow is as follows :

20% is the downpayment with 5% in cash and 15% in either cash or CPF.

Bank loan of 80%
Stamp duty of 3%-5400.

May i request you to write to me and give me details of what size unit that you wd like to consider, location, budget etc

Thank you,

Radhika Prakash
Ex Banker - Global Realtor and Property Advisor
DTZ Debenham Tie Leung
93380071 Read More

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