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hi my daughter & future son-in-law + hubby would like to buy a freehold condo at the west side, 3bed not more than 1 million. Any recommendation? What are the fees we need to take note? BTW im selling my 3rm hdb (clementi) to top up for the condo as we do not hv cpf. Both my daughter & future son-in-law both working total income is abt 5k+
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2 Answers

Hi,

For freehold 3 Bedder 1million & bellow, the options are very limited. For 99year leasehold resale 3 Bedder condos in the west, you have a lot more options and its more feasible with a preferred $1mil budget.

For the condo purchase, breakdown as follows:
Cash 5%
CPF 15%
Max Bank Loan 80%
Stamp duties and legal fees 3%

Your stamp duties may vary, depending on how you structure the condo purchase and when you sell the HDB. Thanks and hope to have the opportunity to assist further.

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