1 Answer

Mike Lim
Replied
Afternoon,

Assuming that you do not have any existing units and that you are eligible for purhcase fo HDB units, you should be able to get 80% loan from bank, unless you are taking HDB loan.
For bank loan, 5% must be in cash while 15% can be in cash / CPF / CPF + cash. Stamp duties varies, depending on the purchase price. Legal fee should be around $2500, before bank loan legal subsidies.
Calculation would defer, if you are taking 2nd HDB loan or bank can only grant you loan of lesser than 80%.

FYI
Mike Lim
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  • GJ
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    it's 1st purchase and taking bank loan. Is there any other property tax required beside stamp duty?