2 Answers

Ivan Ng
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
Website: http://www.ivanng10.com/#!reviews/c11r1
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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)
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
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