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Hi, I would like to know how much additional cost incurs on top of Val and COV in buying a HDB unit. For instance, if Val is 400K and COV is 30K, what would be the broker fee, stamp fee and legal fee etc. I am a PR. Thanks.
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1 Answer

Mike Lim
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Morning Mike,

Assuming that you have zero CPF and eligible for 80% loan, the cost incurred are as follows:

1) 20% deposit: $80k
2) COV: $30k
3) Legal Fee: $2.5k
4) Stamp Fee: $7.5k
5) Misc Cost: $0.5k (Admin Fee, Valuation Report, Property Tax refund, Cevaet)
6) Salesperson Comm: To be nego with your salesperson

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More
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