6 Answers

Hi there,

Initial cash outlay:
Depending on loan : 80/90%,
Cash payable : 20/10%, use of CASH AND CPF.
Buyer Stamp Duty 3%
ABSD PR, Legal Fees & Val Fees
1% Agent Fees

Please do let me know your requirements and budget to create a customised list of projects to consider , for your perusal. This will effectively optimise your time and eliminate the tedious process of you having to trawl through hundreds of listings.

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Hi ,

You should have the initial 5% in cash for $350K on hand. There are also other expenses such as agent commission which is 1% of the total purchase price. Valuation report purchase, submission to HDB portal will be minor sum. And not to forget to park at least $25K in cash for your renovation.

Nevertheless, its always better to obtain a HLE or In principle bank loan approval first. This is very important before you view any unit. Please don't waste time to view units and end of the day you are the one who is servicing the mortgage loan.

Shall you be interested for further opinion, do give me a buzz or WhatsApp me. I look forward to have a partnership with you. Cheers! Read More

If you will write to gavin.ng@orangetee.com, we will do an estimated financial plan for your reference.

Do note that you can only take a bank loan. Should you need help with the banker, do let me know.

You may call 9620 0827  for further discussion.


Gavin Read More
Hi Sir/Madam

Please contact me at (65) 96608508  or Silviayang8@gmail.com for non-obligation discussion
Thank you.

Warmest regards,

Silvia Yogisaputra (Silvia Yang)

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com
www.facebook.com/SilviaProperty Read More
YT Tan (陈永达)
Good evening,

Based on $350k you will need to have these ready including the 80% bank loan (SPR are not eligible for HDB loan):

1) 5% cash: $17500
2) 15% cash or cpf: $52,500
3) stamp duties (estimated 2% plus 5% ABSD as SPR): $22,700
4) valuation $120, resale submission $80 etc
5) agent's service fee - cash (1% of purchase price plus GST): $3745
6) legal fees $3000 (cash/ cpf)

This $350k resale HDB property purchase will go through if you have sufficient cash reserves.

Hope my sharing aids in your enquiry.

May I know how can I value further in your property needs?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(FB): www.facebook.com/yttanassetprogessor


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Hereby breakdown of the cost needed ($350k budget) for reference, this is taking assumption both of you are younger than 40 yrs old.

Cash required for resale purchase:

(1) OTP deposit & exercise = $5k
(2) Resale application = $80
(3) Registration & microfilming = $215.90 (3-rm & above)
(4) Valuation = $120
(5) Miscellaneous = $15
(6) Caveat = $139.30
(7) Fire insurance = $4.50 (3-rm), $5.50 (4-rm)
(8) Salesperson commission (1%+GST) = $3,745
(9) 5% cash - (1) = $12,500
(10) Legal fee = $1.5k~$2.5k dependent on loan amt (using $2k for calculation)
(11) Mortgage stamp duty = $500

CPF required for resale purchase:
(1) 15% downpayment = $52.5k
(2) Annual HPS = $268 assumuption made on loan is 262k.
(3) BSD (Buyer stamp duty) = $5,100
(4) ABSD (both are SPR,5%) = $17,500

Loan amount = $262.4K
Monthly mortgage: $1.190
Loan Tenure : 25 yrs

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK

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