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Condo Questions

Asked by TH 12 Jul 2012

Hi I would like to ask how much of cash would I have to pay upfront to secure a condo? How much would the misc/legal fees come up to? Thanks.

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Tina Koh · Answer 1 · 2012-07-13T12:01:56+08:00

Tina Koh

Replied 13 Jul 2012

hi there.

various scenarios, but assuming you are a singaporean, first-time buyer, and can loan 80% of purchase price:

of purchase price:-
5% - cash
15% - CPF money (or top-up with cash if not enough)
3% - stamp duty - cash first (then 'reimburse' from CPF after, if enough)
$3,000 approx. - conveyancing lawyer's fee

those are the big ticket items.

regards,
tina

CB Richard Ellis
+65 9664 2164
KT9874@gmail.com Read More

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