AskGuru Q&A Community

Hi Ms. Lai,

Are you taking hdb or bank loan? If bank loan, cash component includes
5% cash of purchase price
1% agent commission+GST
500 hdb admin fees
COV if any.

If HDB loan, likely your CPF can cover most of the costs except for commission & admin fees.

Thanks and may I have more details so to make better recommendations? You can refer to my happy buyer testimonials below. Thanks and hope to discuss further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good afternoon buyer,

The amount of cash component you will need to fork out will depends on which type of loan will you be using and whether it is substantial.

If you are taking 90% HDB loan, you can pay 10% downpayment fully by CPF OA funds.

If you are taking 80% bank loan, 20% downpayment will be 5% cash and 15% CPF OA funds or cash.

Other expenses will be:

1) estimated 3% buyer's stamp duty
2) legal fees
3) $80 resale application fee
4) $200 valuation fee
5) 1% agent commission etc.

Hope my explanation helps!

Probably you can share more with me so I will be in a better position to advise you further.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi Ms Lai,
Assuming you will be taking HDB loan, then min 1000 to show you are genuine to the seller.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi Ms Lai Pheng Leong

To workout your cash flow, you need to check the following:

1. OA in CPF.
2. loan quantum
3. saving

The information provided by my fellow real estate salespeople will be valuable in the calculation.

You may call me at 9620 0827  or email @gavin.ng@orangetee.com should you need assistance.

Regards

Gavin Read More

Evening Ms Lai,

I would need to know the following details before I can provide you with the adequate advice:

1) Have you purchased any subsidized unit?
2) Was your first unit under HDB or bank loan?
3) How much CPF OA are available?
4) Are you taking bank loan or HDB loan?
5) What is the purchase price?
6) How much loan are available to you for the purchase?

Do contact me should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More