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Good afternoon Rambabu,

There will be a initial outlay of 20% downpayment (5% cash and 15% CPF OA funds or cash) provided you can obtain 80% bank loan, estimated 3% buyer's stamp duty, 5% additional buyer's stamp duty as SPR, $2500 legal fees, valuation fee, $500 stamp duty for mortgage and other misc fees.

You will need at least $312k cash if you take your $80k CPF OA funds into consideration.

Will you like to speak to my banker first so he can gauge how much loan can you obtain.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi,

For a SPR purchasing a private condo of $1.4mil, breakdown as follows:

Cash 5% 70k
CPF 15% 210k
Max Bank Loan 80% 1.12mil
Stamp Duties approx 8% 112k
Legal fees approx 3k

As your OA has only 80k, the shortfall of 130k (210-80=130k) has to be in cash. Meaning to say, the total funds you required within 8 weeks if you book a unit today is (cash + cpf) = 395k

Is that something you will consider? Otherwise, I can also recommend value-buys in the areas you are keen on which are priced competitively. Thanks and hope to speak to you to understand your housing requirements soon!

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More