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Afternoon Bonnie,

The 20% downpayment is based on Valuation price. Thus you need to consider how much cash is required by factoring COV and stamp fee, if you do not have enough CPF.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Bonnie,
20% of Valuation is needed for down payment.
This 20% is 5% cash plus 15% cpf.

Raymond
 83369187  Read More

You need to understand the financial planning and buying process. www.catherinepang.com Read More

Hi Bonnie,

Thanks for poting in PropertyGuru.

If you are taking a bank loan, then the max loan is 80% of the VALUATION price and the 20% downpayment is broken down as follows:

5% - Cash (Compulsory)
15% - CPF and/or Cash

For Cash over valuations(COV), it has to be paid in cash. Please also take into consideration other amounts like stamp duty, Stamp duty will be calculated based of the purchase price which in inclusive of the COV.

Do let me know if you have anymore queries. Thanks.

Best Regards,

Jeffrey Heng
Associate District Director
HSR International Realtors Pte Ltd
Mobile : 9858 1322 
Email : hengjeffrey@gmail.com
Website : www.jeffreyheng.com Read More