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hi, may i know what other payments is needed for the house- 20% downpayment, legal fees, stamp duty. is there anything i left out? and how much is the legal fee will be around? thank you and when buying a property, do i need to pay gst ? please advise thank you
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1 Answer

Jenna Tong
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Dear Buyer,

You may also want to take into consideration renovation for the unit, especially if the unit is in original condition.

Legal fee will be estimated $2500 - $3200, inc mortagage stamp fee of $500. Most banks will offer a legal subsidy based on a % of the loan amount you borrow. You need not pay GST for the property. However, you will need to pay GST for your agent's commission.

Hope this info helps. Good luck in your house hunting.

Warmest Regards,
Jenna Tong ERA
jenna.tong@yahoo.com.sg
 8298 3379  Read More
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  • JT
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    hey Jenna, thanks alot for this info, im currently hunting for a house and if possible i will contact you when i narrow down my search for my dream house. Once again, thank you.

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