Hi Darren,
1) I would suggest you make an application for the HDB loan (HLE) if you are eligible for it.
2) The process of HLE application can be found here:
https://www.hdb.gov.sg/cs/infoweb/-/media/doc/EAPG-COS/retrieve-draft-hle-application.pdf
3) Next is to add up this HLE amount with your CPF OA. This total amount is your available budget for your BTO.
4) The next large expense in buying a property is the Buyer stamp duty (BSD). This can be paid using CPF as well.
5) Add this BSD into your budget to ensure you won't be caught in surprise.
6) BSD calculation is such:
1st $180,000 = 1%
2nd $180,000 = 2%
the rest of amount other than the 1st $360,000 = 3% up to $1,000,000.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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