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Home Financing

Asked by Mr. Zahid Ibrahim 6 Sept 2012

I am new at financing private property. For purchase of resale unit, when does the 15% CPF and/or Cash need to made? It is upon OTP agreed or take-over of unit (completion)?

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YT Tan (陈永达) · Answer 1 · 2012-09-07T10:32:59+08:00

YT Tan (陈永达)

Replied 7 Sept 2012

Hi Zahid,

15% CPF/ cash downpayment must be paid within 2 weeks after exercising the option.

Hope it helps! Cheers!

Warmest Regards,
YT TAN
Senior District Consultant
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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ZI

Mr. Zahid Ibrahim

Replied 7 Sept 2012

Hi

Your reply is different from others. The condition to pay the 15% CPF/cash downpayment two weeks after OTP signed is mutually agreed between buyer and seller or dictated by URA?

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