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Good morning Yi Mei! If you can obtain a 80% loan (still will based on TDSR on your income), downpayment will be 5% cash and 15% cpf or cash. Before starting on house hunting, it's recommended to do an in principle approval to gauge how much loan can you obtain from banks. Start sourcing for units and issue 1% cheque (resale)/ 5% cheque (booking fee for new launch). Obtain a letter of offer from bank to exercise option to purchase within stipulated period with the remaining downpayment (15% or 19%) along with buyer's stamp duty etc. Then wait for completion period to be over (normally 6 to 8 weeks for resale) or construction to be completed (for new launch). Why not let my panel of bankers to advise you on your IPA first then we work things out from there? Hope to hear from you soon! 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,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
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