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I am eyeing for an apartment of SGD 600K. TOP is 2013. I need some advice on financing. My take-home pay is about SGD 1800. I have savings of SGD 50K cash and CPF ordinary account of SGD 30K to 40K. How much do I need to pay, and how soon?
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1 Answer

Geryl Lim
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Hi Elaine,

I believe that a better person you should talk to is a professional banker to ascertain the financial portion of your purchase. As it seems that based on your description, you have around $90k of cash + CPF to utilise in the purchase. By looking at a $600k buy, your downpayment requires $120k thereabout, and you may have to consider other miscellaneous fees to be paid.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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