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Hi
As you are a PR, you are eligible only for a bank loan which can offer you up to maximum of 75% loan. For the balance of 25% deposit, 5% must be paid using cash while you can pay the balance of 20% using combination of Cash/CPF. For compulsory cash deposit, you need to fork out 5% of the property value. If it is at $400,000, you will need $20,000 to be paid upfront in cash. Another 20%, $80,000 can be paid using a combination of CPF/Cash. As for the fees, you need to pay for the stamp duty BSD/ABSD. For a unit that cost $400,000, you need to come out with $26,600 of stamp duty as a PR. This can be paid using cash or CPF. Legal fee for HDB purchase is around $1800 which can also be paid using cash/CPF. As such, the estimated cash upfront for a flat that costs $400,000 would be $20,000 while another $108,400 can be paid using CPF if you have sufficent funds. Do note that the mentioned figure does not include COV. COV do incur if you bought a unit at above the valuation price and is payable fully only in cash. I do provide a free and non obligatory discussions in regards to property transactions in Singapore. Do contact me at 93375051  for more details and discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi,

As SPR family purchase a HDB flat, you will need to set aside at least 34% of the flat price, with the breakdown as follows:
- 5% Cash downpayment
- 20% Cash or CPF downpayment
- Approx 3% Buyer Stamp Duty
- 5% Additional Buyer Stamp Duty
- Other miscellaneous cost, Agent fee, legal fee etc.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More