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Hi I would like to purchase a condo worth not more than $750K for the first time not sure how much cash needed ..and how much CPF that allowed to be used.. Ending Dec 2009 my OA for CPF closed to 40K and cash about 30K.. looking for resale condo at tropical spring simei..
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3 Answers

J.A. Goh 吴永益
Hi Sony,

First 5% must be in Cash.
Next 15% either Cash or CPF or Combined.
Balance 80% assuming bank approve your loan.
The Stamp Duty (3% - $5,400) have to be in Cash initially, but can be reimbursed from CPF at a later stage.

So generally it means, for a $750K condo, you need at least minimum $54,600.

Hope this can give you an idea what cash portion you need to set aside for a condo. Please feel free to drop me an email or call me directly for further discussion.

Thanks & Best Regards
J.A.Goh - ERA
HP: 9639 0350 
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
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stamp duty need to be paid within 14 days..tkae note that not all banks are not ready for 80% loan .. if you need to assess your fincncial planning..call 9680 4288 
www.catherinepang.com Read More
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Hi, hopefully you managed to get your doubt or query answered. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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