AskGuru Q&A Community

Good morning Ms Li Toh,

As you mentioned you are currently 35 years old, are you a Singaporean applying for Single Singaporean Citizen Scheme?

If you are able to obtain 80% bank loan, your 20% downpayment will be 5% cash downpayment and 15% CPF OA funds or cash downpayment.

Other cash outlay could be:

1) legal fees
2) resale submission fee
3) valuation fee
4) agent's commission
5) misc etc

Hope my explanation helps!

If you need any assistance in your property purchase, feel free to contact me. Cheers!

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

Hi Ms Toh, regarding the bank loan, let me get my banker to assist you further. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi,

If you are a Singapore Citizen of 35 years and above, you be eligible for the Single Singapore Citizen Scheme.

Breakdown (of HDB resale purchase price) as follows:
cash 5%
cpf 15%
bank loan 80%
stamp duties approx 3%
cash over valuation (if any)
agent fees 1%
resale and hdb admin fees, legal fees.

May I know which location you are looking at so I can give you the detailed numbers? Thanks and hope to understand your housing requirements further.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi.
In terms of loan, I will need to know your income assessment and any other info. If your income is below 5K, you are also eligible for grant too.
Feel free to call me at 91442664  so I can assist you from here.
Look forward to hear from you.
Tricia Tan
http://www.triciatan.myweb.sg Read More

Afternoon Ms. Toh,

With bank loan of 80%, cash down payment will be 5%. The actual figure is based on your purchase price. It would also be good to understand how much loan you are eligible for.

Do feel free to contact me to further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Ms Toh
You will need 5% cash on the property selling price.
80% on bank loan, and bal you can use your cpf bal. You might want to write to me at silviac@singnet.com.sg. will work out the spreadsheet for you.

Silvia Chu
ERA
 97508318 
silviac@singnet.com.sg Read More