4 Answers


In this case the Cash over Valuation COV is 95k. If your loan amount attainable and CPF OA available can cover the 630k + stamp duties of approx 20k, there won't be any cash top up for the flat's purchase price. Just wondering if the flat is worth this amount of COV outlay?

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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Ivan Ng Realtor
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Robbie Chen Chee Howe

From the above description, the Cash-Over-Valuation is $95,000. You will not be able to cover this Cash amount from your CPF.

Also, do take note that this is not including the Cash downpayment towards the purchase. i.e if you're taking Bank loan, 5% to be in Cash.

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
Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

I assume you are the buyer in this case, and the property mentioned is HDB flat.
Property valuation is $630k, the agreed purchase price is $725k
Cash needed would be $725k-$630k = $95k.

1) If you are SC, assuming taking HDB loan, and able to receive 90% loan. 10% of property value = $630k, meaning your max loan is 90% of $630k = $567k.
Your OA can cover this portion; left with $7k. Buyer stamp duty = (3% of $630k)-$5,400 = $13,500. You will need to top up cash of $6,500.
Than you would need $95K + option fee (max $5k) + $6,300, which is $106,300 in cash only.

2) If you are not eligible to HDB loan, and taking loan from bank, which is 75% of property value ($630k).
$95k + (5% of property = $31,500) + $6,300 (stamp duty) + $126,000 (20%) = $258,800.

3) If you are purchasing a private property, the calculation will be the same as (2).

Do note the above calculation didn't include, resale application (HDB), microfilm and so on, legal fee and other miscellaneous etc.

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK

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