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Hi there,

Let's me based on the cheapest 3 bedders in Sea Horizon EC (estimated $787,000) to illustrate. - should be low floor not sea view facing.

20% downpayment:

5% cash - $39,350
15% CPF - $118,050
3% buyer's stamp duty - $18,210
Legal fees - $3000
Mortgage's stamp duty - $550+

80% bank loan - $629,600.

With $150k (CPF and cash), it's just nice to cover the 20% downpayment, legal fees, mortgage stamp duty etc.

But you will need extra cash for the BSD and the lack of loan quantum (difference of $30k between whats needed and what bank will grant) which will sum up to another $50k.

I will say its not possible with your current funds now unless you can come out with additional $50k cash soon.

If not, maybe you can look into a new 2 bedders EC instead?

Hope it helps!

Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)

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

Hi,
It depends on which area you are looking at for the EC. $750k for EC 3 bedroom is still possible in the north area.
If you need any advice pls feel free to call me! Read More