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.
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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!
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
(W): www.propertyavenue.com.sg Read More