Asked by
hi there, im 22 years old, i just wondering if i wish to invest in a condo(studio/2 rooms) , would it possible?


i undderstand that there's a need to pay 80% by bank loan or so, 20%down payment,15% cpf and 5% cash to booked the unit, but by any chance that buy cpf first than the cash i pay in installments?
any chance of purchasing it? ( condos that are completing 2016-2017)

thank you
0
613 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

YT Tan (陈永达)
Good morning buyer,

Probably you can share with more on your finances (CPF OA funds and cash) on hand so I will be in a better position to advise you.

Normal practice is that you must have 5% cash cum downpayment ready in order to book an unit.

Balance 15% CPF OA or cash downpayment will have to be paid within 8 weeks from OTP date.

Btw it will be highly recommended to obtain an in principle approval first so you can gauge how much bank loan can you obtain.

If you cant obtain a desired loan amount, there's no point proceeding forward in the purchase.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions