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Hi, I would like to enquire on the downpayment of my recently purchased new launch condo. I understand that the first 5% option fee is paid by cash (done). As for the payment of next 15% Sales & Purchase + Buyer Stamp Duty due 8 weeks later, can we wipe out our CPF to cover this cost before touching cash? Or must the CPF be reserved for paying the balance 5% foundation fees 9 months later? Currently our cpf only have sufficient for 15%, so if I need to reserve the 5% foundation, I will need to fork out an extra cash for 5% and BSD during the downpayment.
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4 Answers

Wilson Leong
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you can use your cpf for it. can contact me to see how best to use cpf first.

Regards
wilson leong
 96305577  Read More
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Jeffrey Heng
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Hi,

This is a very common issue that many buyers encounter. What I can suggest is that you can give me a call and I can explain to you over the phone as this might be a little complicated and not easy to explain over text. No worries there are no obligations to our call and I will just do my best to explain and make things clear to you.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Associate Executive Director (Sincerus Division)
OrangeTee and Tie Pte Ltd
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
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Silvia Yang
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Hi Sir/Madam

I will be glad to assist
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
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Robbie Chen Chee Howe
Replied
Hi,

Yes, you're correct. For new launches, cash must be used first, before CPF. For your case, since you only have 15% of the property purchase in your CPF, you will need to fork out 10% cash for the remaining downpayment, out of which you had already paid 5%.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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