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Hi,
We are a PR married couple and eligible to buy HDB resale flat in 2019.
We have 4 children and 3 of them start working already.
Planning to buy a 4/5 room HDB with budget around 400k.
Can anyone help to tell me how much i need to prepare and apply for bank loan or HDB loan?
current estimated CPF have 60k.
Thanks
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2 Answers

Hi, my partner and i will be happy to assist you with the search for your dream home. Feel free to whatsapp me at 93855005  and we can arrange a meeting to discuss your requirements and financial needs. Cheers! Read More
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YT Tan (陈永达)
Good evening buyer,

May I know when do both of you fulfill 3 years of SPR status?

Do take note that SPR household are not eligible for HDB loan thus you have to take bank loan (max 75%).

Upfront downpayment will be:
1) 20% cpf or cash
2) 5% cash downpayment
3) $120 valuation fee
4) $80 resale application fee
5) $3k legal fees
6) stamp duties (estimated 3% + 5% as SPR)
7) agent's commission (1% of purchase price plus GST)

If based on $400k, you need at least $132k (minimum 5% as cash).

Hope my sharing aids in clearing your doubts.

If you need further assistance, feel free to contact me. Cheers!

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