3 Answers

YT Tan (陈永达)
Good morning upgrader,

let me assist you further with your query.


1) $80 resale application
2) $1800 private legal fees
3) $7490 agent commission (2% of sale price plus 7% GST) - for instance sale price is $350k.

Total cash: at least $9370

Purchase if taking 80% bank loan

1) $21k 5% cash downpayment
2) $63k 15% CPF or cash downpayment
3) $12.6k estimated 3% buyer's stamp duty (CPF)
4) $1800 legal fee
5) $80 resale application
6) $200 valuation
7) $4494 agent commission (1% of purchase price plus 7% GST)

Total cash: at least $27,594
Total CPF: at least $75,600

This figure will change if you opt to take HDB loan instead.

May I know how can I continue to value add in your upgrading plans so I can do my best to minimise your cash outlay?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More


Ivan Ng

Typical breakdown for 420k purchase:
Option fee 5k
Cpf 10% less option fee of 5k
Hdb max loan 90%
Stamp duties, conveyancing and admin fees approx 3%
Commission 1%+GST
COV (if any)

That's the typical case. If your cpf+loan cannot cover the price fully and there's a shortfall, cash would be required.

It would be easier for me to make better recommendations if I can have the details of your current place and your targeted 5-rm unit location. With an analysis of the comparable prices of both units, I will be able to illustrate the financial plan fully and offer an overall view of the timelines and how the transition can be managed professionally. Thanks and hope to value-add to your housing plans further. You may refer to client testimonials below for assurance. Let's get in touch at 97432395, thanks!

Warm Regards,
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More


Nick Tan
Hi Sir/Mdm,

To purchase a 420k flat, this is the breakdown:

HDB Loan:

1. HDB Admin Fee: $80
2. 1% Agent Fees: $4,200
3. Option and Exercise Fees: $5,000
4. Cash above valuation if any

1. 10% of purchase price: $42,000
2. Stamp Duty + Legal Fees: $10,000 approx

If you were to take a bank loan, then at least 5% of the purchase price must be in Cash and 15% in CPF as bank loan is only cap at 80% of valuation at max.

For the sale of your 4 room, I will need more information such as the address, outstanding loan amount and CPF utilised before I can come up with a financial plan for you.

Please feel free to contact me at 9644 4854 so that I can draft out the full financial plan for you. Thank you.

Nick Tan
(M) +65 9644 4854
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015/2016)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.

We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought through Nick) Read More