Asked by Mr. Hitesh Kumar
I am currently looking to purchase a resale flat. I need to know what is the procedure for financing the house? Is there any cash that needs to be given upfront? I am new to buying a resale flat.. Thanks
648 views
5 Answers
Evening,
Cash requirement for purchase of resale unit will depends on the following factors:
Are you getting HDB or Bank loan?
How much CPF do you have at hand?
How much grant are you eligible for?
What is your budget?
How old is the unit you are looking at?
Do contact me further should you require additional assistance.
Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More
Cash requirement for purchase of resale unit will depends on the following factors:
Are you getting HDB or Bank loan?
How much CPF do you have at hand?
How much grant are you eligible for?
What is your budget?
How old is the unit you are looking at?
Do contact me further should you require additional assistance.
Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More
Hi Hitesh,
Re: Our Preferred Experienced SG Professional
Inital 5K for the HDB option fee. Just tell me your prefer area and size. Will revert the pricing and available unit for viewing accordingly.
Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.
Call me now, we can explore further in detail.
I am contactable at 92222389 or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.
Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)
Featured Realtor Services recognition by SGReview.com and SGBride.com
Singapore Line : (+65) 92222389
Malaysia Line: (+60) 111-0788889
Email: onassis@sgrealtor.com / sgagent.com
Skype: incomecare
Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”
Our SG Professional Services Youtube
Commercial - https://www.youtube.com/watch?v=brxduV0p85o
Residential - https://www.youtube.com/watch?v=eoMGp5nmSuI
SG Professional with presence that memorable at SGRealtor.com, SGAgent.com and SGAgents.com.
Do what the 99.99% won’t do, PLAN AHEAD TO A SUCCESSFUL TRANSITION INTO REAL ESTATE
Upcoming 2016, we are in the progress to create property portals to serve our SG clients better.
www.HiSingapore.com –Singapore Housing and Commercial Property Guide
www.Listing.sg – SG Properties Listings
www.CommercialSingapore.com – Commercial Listings
www.SGHouses.com – Residential Listings
www.Showsuite.com – SG Developer Projects Listings
SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.SgOfficeRental.com
www.SgShophouse.com
SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com
SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg
Overseas Website
www.NewLaunch.my - Malaysia
www.PropertyPh.com - Philippines
www.VNProperty.com - Vietnam Read More
Re: Our Preferred Experienced SG Professional
Inital 5K for the HDB option fee. Just tell me your prefer area and size. Will revert the pricing and available unit for viewing accordingly.
Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.
Call me now, we can explore further in detail.
I am contactable at 92222389 or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.
Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)
Featured Realtor Services recognition by SGReview.com and SGBride.com
Singapore Line : (+65) 92222389
Malaysia Line: (+60) 111-0788889
Email: onassis@sgrealtor.com / sgagent.com
Skype: incomecare
Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”
Our SG Professional Services Youtube
Commercial - https://www.youtube.com/watch?v=brxduV0p85o
Residential - https://www.youtube.com/watch?v=eoMGp5nmSuI
SG Professional with presence that memorable at SGRealtor.com, SGAgent.com and SGAgents.com.
Do what the 99.99% won’t do, PLAN AHEAD TO A SUCCESSFUL TRANSITION INTO REAL ESTATE
Upcoming 2016, we are in the progress to create property portals to serve our SG clients better.
www.HiSingapore.com –Singapore Housing and Commercial Property Guide
www.Listing.sg – SG Properties Listings
www.CommercialSingapore.com – Commercial Listings
www.SGHouses.com – Residential Listings
www.Showsuite.com – SG Developer Projects Listings
SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.SgOfficeRental.com
www.SgShophouse.com
SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com
SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg
Overseas Website
www.NewLaunch.my - Malaysia
www.PropertyPh.com - Philippines
www.VNProperty.com - Vietnam Read More
Hi Mr Kumar,
These are the breakdown in cost that are involved when purchasing a HDB flat.
a. Option Fee - $5000 (Cash)
b. Valuation Report - $200 (Cash)
c. HDB Admin Fee - $80 (Cash)
d. Lawyer Fee - ~$500 for HDB Lawyer or $2500 for Private Lawyer (CPF)
There will be a Cash Above Valuation which is payable in CASH if the purchase price is more than the valuation price. If you were to take a bank loan, 5% of the valuation will also need to be in CASH.
I have assisted many buyers to own their first home. Please feel free to contact me so that I can provide you with further assistance.
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com
Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
These are the breakdown in cost that are involved when purchasing a HDB flat.
a. Option Fee - $5000 (Cash)
b. Valuation Report - $200 (Cash)
c. HDB Admin Fee - $80 (Cash)
d. Lawyer Fee - ~$500 for HDB Lawyer or $2500 for Private Lawyer (CPF)
There will be a Cash Above Valuation which is payable in CASH if the purchase price is more than the valuation price. If you were to take a bank loan, 5% of the valuation will also need to be in CASH.
I have assisted many buyers to own their first home. Please feel free to contact me so that I can provide you with further assistance.
Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com
Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
Hi Hitesh,
Have you got your HLE ? Would you like assistant to compute the estimated loan amount ?
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
CK Ang
9046 3808
res.ckang@gmail.com Read More
Have you got your HLE ? Would you like assistant to compute the estimated loan amount ?
To assist and advise you more in details, kindly drop me an email for me to share.
I am contactable at my mobile or email.
CK Ang
9046 3808
res.ckang@gmail.com Read More
Good morning Hitesh,
I will love to assist you in your property purchase.
May I know are you a Singaporean or SPR?
Do take note that if you are a SPR household, you need to be SPR for at least 3 years respectively before you are eligible to purchase resale HDB and will be subject to 5% additional buyer's stamp duty as SPR.
The amount of cash outlay will depends on what type of loan you obtain.
If you can take up to 90% hdb loan, 10% downpayment can be fully paid by CPF OA funds. If you take max 80% bank loan, your downpayment will be 5% cash and 15% CPF or cash.
Other expense will be as such:
1) $80 resale application
2) $200 valuation fee
3) legal fee
4) estimated 3% buyer's stamp duty
5) agent commission (1% of purchase price plus 7% GST)
Hope my sharing is beneficial to your property purchase.
May I know how can I continue to value add in this purchase?
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.lovelyhomes@gmail.com
(W):www.yttan.com Read More
I will love to assist you in your property purchase.
May I know are you a Singaporean or SPR?
Do take note that if you are a SPR household, you need to be SPR for at least 3 years respectively before you are eligible to purchase resale HDB and will be subject to 5% additional buyer's stamp duty as SPR.
The amount of cash outlay will depends on what type of loan you obtain.
If you can take up to 90% hdb loan, 10% downpayment can be fully paid by CPF OA funds. If you take max 80% bank loan, your downpayment will be 5% cash and 15% CPF or cash.
Other expense will be as such:
1) $80 resale application
2) $200 valuation fee
3) legal fee
4) estimated 3% buyer's stamp duty
5) agent commission (1% of purchase price plus 7% GST)
Hope my sharing is beneficial to your property purchase.
May I know how can I continue to value add in this purchase?
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.lovelyhomes@gmail.com
(W):www.yttan.com Read More