Good morning Mandy,
How much cash do you need to fork out will depends on the finances you have on hand,loan eligible based on your combined income and which type of loan you are taking.
If you take HDB loan (90%), 10% downpayment is payable by CPF OA funds in full as for bank loan (80%), you will have to fork out 5% cash and 15% CPF/ cash.
Other costs will be buyer's stamp duty (estimated 3%), $200 valuation fee, $80 resale submission fee, legal fees (be it first or second timer), agent commission (1% of purchase price plus gst) etc.
If you are staying near to either parents, you are eligible for proximity grant up to $20k if both of you are Singaporean.
Hope my explanation helps!
If you need any assistance in your property purchase, feel free to contact me.
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480
(M):
+65 9111 5171 (E): yt.tan91115171@gmail.com
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