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Hi, I'm 26 this year Singaporean. I wanna buy a house (HDB condo anything) but I'm single and I can't buy HDB. What should I do? Is condo the only way out? If yes, how much do I need in hand and how much do I have to pay every month? Also, can I use cpf for monthly installment? Thanks
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2 Answers

Hi,

Yes for single SC below 35, they can't purchase HDB on their own, will have to form a family nucleus with parents/married spouse. Thus, usually such motivated purchaser profiles will go for a condo. CPF can be used for monthly installments.

For financial breakdown, perhaps I can have more details before illustrating further? Thanks and hope to discuss further.

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Ivan Ng
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Hi,

The initial cash outlay:
(1) 20% down payment -
5% cash , 15% CPF
(2) BSD
(3) ABSD if PR or Foreigner
(4) Legal Misc Fees

The first step to move ahead is always getting the finances settled. I can link you up with my bankers who will assist you with the approved loan , at no cost. If you have your own preferred banker, that's fine too. Following that, I will conduct the financial cash computations and progressive payments with timeline to illustrate the options you could consider.

Perhaps you can most importantly share on the requirements ; any particular type/ location/ budget to conduct a comprehensive search and shortlist of appropriate units.

Furthermore, there is NO agent fees involved! So you can take this opportunity to discuss more on your preferences & for me to give an entire overview and share more insights to the market, chart out the market price analysis and recent sales transaction caveats, work out comprehensive financial cash projections and provide you with up to date information to the procedural steps and its associated wings- financial (loan) , legal matters etc.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

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