AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
hi we r spr (more than 3 year),we planned to buy hdb resale flat at yishun which cost valuation price 320k our combined cpf(ordinary account) have 66k and cash around 24k r we able to buying? Thank
0 •
575 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

3 Answers

Mike Lim
Replied
Morning, Being SPR buyers, you will be liable for 5% ABSD which will sum up to around $16k. The stamp fee will be around $5k which can be paid by CPF. Hence the deciding factor will be how much loan you can get, based on your combined income status, age and loan period. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
0
Upvote Upvoted
YT Tan (陈永达)
Replied
Good morning, You should able to afford $320k property if you take 20% downpayment, estimated 3% buyer' stamp duty and 5% additional buyer's stamp duty. But it will still depends whether can both of you obtain 80% bank loan. If you need any assistance in your property purchase, feel free to contact me. YT Tan ECG Property 9111 5171  yt.lovelyhomes@gmail.com Read More
0
Upvote Upvoted
Zheng Yanhui(Alex)
Replied
Good morning. I can ask the banker to do a IPA for you. From there we can see what is the loan amount you are able to get and i will advise you accordingly . Feel free to contact me at 9273 6096  . I will be glad to assist you throughout the whole process. Regards Yan hui ERA HP:9273 6096 Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions