Hi Pung Keak Way,
Assuming your purchase price is $535K;
Downpayment = 25% = $133,750
Out of this 25%, 5% needs to be in CASH only and 20% can be from CPF
5% Cash = $26,750
20% CPF and/or cash if insufficient CPF = $107,000
You'll need to pay Buyer's Stamp Duty (BSD) + ABSD as PR( 1st property)
BSD = $10,650
ABSD = 5% = $26,750
Total = $37,400
Other misc fees : Lawyer fees approx. $2k ( as you are not taking HDB loan, you are not eligible to use HDB lawyer )
Property Agent Service fee 1% + gst =$5724.50
Perhaps you would like to arrange for a meet up as it will be easier for me to explain to you the breakdowns and also the timeline of when you will need to make the payment. Looking forward to hear from you..Thanks
Rgds;
Lyna Song Propnex
Associate Group Director
96238442
lynasong@hotmail.com
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