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Morning Jacqueline,

Assuming you purchased the unit at $750k, with 80% loan approval, your 20% would be $150k. This would include your 5% Option and Exercise monies. Legal and stamp fees would around $19k. Other expense would be refund for property tax, maintenance charges, which would varies.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More

Hi if you do not have CPF, and the bank grant 80% loan, it just means that 20% of the purchase price will all have to be cash. In addition, there will be legal fee about $2500 and stamp duty.

Downpayment is 1% (on the day you want the property) + 4% (2 weeks later). In any case if you do not have CPF, its best to standby all 20% cash ready once you decide on something.

Please not the above scenario is for resale property. If you buy direct from developer for a yet to be built property, the payment schedule is different.

Please give me a call at 91178727  or email me at property.alex.khoo@gmail.com for further discussion.

Thank you. Read More