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Home Buying

Asked by Mr. Alvin Phang 6 Aug 2013

i am married and both of us is SPR Malaysian. if our cpf OA account total 65k, how much cash do we need to prepare if our budget is to get a 400k HDB at woodlands,sembawang,CCK.

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Irene Tan · Answer 1 · 2013-08-18T22:57:57+08:00

Irene Tan

Replied 18 Aug 2013

Hi,

You can only take bank loan and with bank loan, you are required to pay 20% downpayment.

And out of these 20%, 5% have to be cash.

Besides this, there are COV, Stamp duty, ABSD, legal fees and agency service fees that requires Cash.

So all in all, Cash Outlay estimated to be minimally SGD$100k.

I would be glad to assist you.

Pls call me at 83886833 .

Thank you.

Irene Tan
8388 6833
Huttons Asia Pte Ltd Read More

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