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Good morning Jenny!

If you can obtain a 80% loan, your 20% downpayment will be 5% cash and 15% CPF OA funds or cash if shortfall.

Other costs will be:
1) buyer's stamp duty $14100
2) additional buyer's stamp duty of 5% as a SPR $32500
3) legal fees $2500
4) valuation fee ??
5) stamp duty for mortgage $500

For property purchase of $650k, your initial outlay will be around $182k.

How much CPF OA funds do you have on hand?

As for loan, I can ask my banker to get in touch with you to advise you.

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 Mrs Jenny Ho, very 1st thing to do is to talk to banker if you are eligibly to take a loan. I only work with one banker from UOB to focus on my clients' needs. I have a same client wth is a PRC having the same budget as yours and after she spoke to my banker on her financial situation, we managed to work out a schedule for her to purchase a condo. I am happy to assist the same, just sms me and I will my banker, Kelvin Leong to call you. Thank you. Regards Vincent Ong DTZ / 97959813  / agentsworld2014@gmail.com. Read More