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I am 44yo male, single and I am looking at Sengkang 4 room resale flat. If I am getting a HDB loan of 140000(already approved) loan and the flat is about $360k to $380k, how much cash do I need to prepare for the purchase (inclusive of downpayment, stamp duties, commisions)
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4 Answers

Hi Mr. Tan,

Since your HDB loan is approved, your CPF OA will be cleared fully. Any other shortfall will have to be in cash. Other than that, commission payable is 1%+GST, and hdb admin fees of about 500. Thanks and hope to assist with your purchase plans further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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YT Tan (陈永达)
Good morning Boon Leong,

Do take note that to be eligible under Single Singapore Citizen scheme, you have to be a Singaporean in order to purchase a resale HDB.

May I know how much CPF OA funds do you have on hand? If there's a shortfall in CPF OA funds, you will need to fork out in cash.

Normally those expenses that needs to pay by cash will be:

1) $200 valuation fee
2) $80 resale HDB submission fee
3) HDB legal fees
4) prorated property tax
5) agent's commission (1% of purchase price)

Hope my explanation helps!

Do let me know more about your financial situation so I will be in a better position to advise you further.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.tan@propertyavenue.com.sg
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More
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Afternoon,

As you are taking HDB loan, 10% down payment is required. If you are first timer, you will be eligible for $15k housing grant. Hence the amount of cash required will depend on how much CPF OA you have in hand.

Do contact me further for discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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GAN ENG JOO ONASSIS
Hi Mr Tan,

Re: HDB Property

We can assist you for the purchase of your new property in Seng Kang. We will do the financial calculation accordingly to guide you before u make any deposit.

We are contactable at 92222389  or onassis@sgrealtor.com.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389 
Email: Onassis@sgrealtor.com
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