2 Answers

Morning,

From your enquires, it's obvious that you are DIY buyer. The valuation report is to be purchased from your seller, which will have a reference number. How much cash you need to fork out would depend on how much CPF you have, how much loan you can get, pricing of the unit that you are looking at, the COV payable and the misc expenses that you might incurred. I would not be able to help you as I know none of this figures. As for using of CPF, you should be able to utilize everything within your CPF OA.

FYI
Mike Lim
 96929209 
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  • AT
    Thanks for reply Mike. I am still looking ard and have not appointed agent.

    I have abt 100 k in CPF OA. Looking at a 4-5 room within walking distance to khatib mrt. I prefer a flat that is recently renovated and in move in condition. Don't want to spend too much on Reno or cov. What's the average like? How much cash would I need?

    Thanks
YT Tan (陈永达)
Hi there,

You can check the valuation via sellers' agents or sellers themselves and you have to purchase it from sellers to facilitate your HDB or bank loan.

Cash you need to fork out will be:

1) COV (may varies from $k to $$k)
2) valuation report ($180.50)
3) resale HDB submission ($80)
4) agent's commission (1% of purchase price)
5) legal fees
6) CPF shortfall (in buyer's stamp duty)

The lump sum in your CPF OA will be fully utilized in your purchase.

Hope it helps!

Feel free to contact me if you need any assistance in your property purchase.

Cheers!

Warmest Regards,
YT TAN
District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More
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