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Hi need your advice, both me and my wife are Singapore PR, If I would want to buy a resale flat with valuation of $400k and COV $25000, how much total deduction of 15% in $ from my CPF and how much 5% cash do I need to pay, 2) when will I need to standby all the cash required in hand, is it at the point of buying the flat or after 3rd month, when will be the stamp duty and legal fees deduction from my CPF will take place?
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6 Answers

Morning,

The 5% cash and 15% CPF would be dependent on the valuation price and not the purchase price. The stamp and legal fee will be deductable 14 days prior to completion, if you are taking bank loan.

FYI
Mike Lim
 96929209 
ERA Read More
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Hi Yugeshwran,
I provide financial calculations with no obligation to ease your doubts. Call me if you are keen.

Regards,
Hamzah Salleh
Team Director, ERA
Mobile : 9776 5656  Read More
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Hi Yugeshwran,
1. 5% cash and 15% CPF is calculated from valuation price. So if valuation is $400k and COV $25k, then you need to prepare $20k cash (+$25k COV) and $60k CPF
2. COV must be ready within 10 days from the First Appointment. The rest payment must be prepared 14 days prior completion.
3. To note - stamp duty and legal fees can be deducted from CPF.

Pls contact me for further discussion.

Fefe Juwono - Propnex - 91815699  Read More
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Kenneth Chan 曾健德
Hi Yugeshwran,

I have a 3 room unit at West Coast which is within your budget.

I believe how most of the agents here had more or less explain on how the 5% and 15% are based on.

Why not come over for a viewing and I can advice and calculate the financial for you?

Do give me a call at 9100 6270  .

Regards,

Kenneth Chan ERA
CEA: R024796D
HP: 9100 6270 
Email: KennethChan.ERA@gmail.com Read More
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7

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