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Hi, the remaining 10% can be either CPF or Cash, I am assuming you wish to finance a smaller loan amount, this is also something that is encouraged by the government. As long as you have the means to, you can pay any amount in CPF and Cash initially and opt to cover only the rest through HDB loan.

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Landon Chew
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Hi,

Yes this balance 10% has to be funded in cash or CPF OA, can't take loan for that if you decide to go with 70% hdb loan instead. So your down payment is 30%. If its in cash, it needs to be in a cashier order lump sum typically payable to HDB at completion. Suggest to fully max out the loan first. You can always decide to do partial redemption of hdb loan later and hdb typically does not charge extra fees for that. Do also remember approx 3% buyer stamp duties is payable as well on top of purchase price.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

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Appreciate your sharing, mostly 75% loan
Down payment
5% - cash
20% - CPF OA/ Cash
Exclude
Stamp duty and Legal fees
Looking forward to assist you @ 9696 4398  Read More

Assuming that you are taking minimal loan as you have mentioned, your up front payments will be the amount up to $5,000 paid directly to the seller as well as stamp duty. Balance payment, it will be payable upon completion of the purchase, thus, if you are only taking 70% loan, the balance 30% will be paid for on the day of completion. Conveyancing lawyer will make arrangements for drawing of CPF funds for the purchase with the balance as cash in cashier's order form to be paid during completion. Do take note that you will also be required to reimburse the sellers for the property tax paid on a pro rated basis.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Hi,

The balance can be paid using cash or CPF.

Hope this helps,

This platform does not allow me to contact you directly so kindly contact me at
https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

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