4 Answers

Ivan Ng

Unfortunately no, you have to settle the 5% cash+15% cpf downpayment within 8 weeks of booking of your condo unit. I understand you wish to minimize the cash outlay, may I understand your requirements further so to value-add to your housing plans. Will be glad To illustrate the financial planning involved to achieve your objectives. Thanks and hope to discuss further.

Warm regards
Ivan ERA
Website: http://www.ivanng10.com/#!reviews/c11r1
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D. Kumar
Hi Mr Ng,

Thanks for your query!
For under construction properties-
5% booking fee Cash is needed for the booking of unit to issue OTP.

Following that, you will need to pay 15% cash/CPF within 8 weeks of the booking.

Well, no worries.
To kickstart,
(1) We may need to catch up and speak more in details to understand what exactly you are looking for in your ideal home.

(2) Run you through the financial cash flow calculations
(Utilization of Cash/ CPF and breakdown of payments)

Go over progressive payments chart and timeline of payments -

(3) Have your In Principal Approval (IPA) assessed and done-
By my network of bankers at no cost.

This is to ensure a smooth flow of cash outlay so that we can maximize the purchase and sought alternatives if there is any issue.

As you know, purchasing a property is likened to an investment in a priced asset and as such, it requires critical and well thought through analysis and rationale before committing. As I specialize and am very active in the private property market, I would like to extend my services to assist you in your purchase. If you may not have already known, engaging a realtor to represent you in your purchase does NOT make you liable for any fees. In a nutshell, you pay nothing for my service and consultation but I assure you of handling the entire technicalities of the purchase to best protect and maximize your interest.

If you are comfortable with working with me for your real estate needs, I will be most glad to render my services, advise and expertise accordingly.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
+65 96659926
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014.

About Me-
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Overall Top Achievers
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CK Ang
Hi Jo,
5% + 15% is a must for condo purchase. I would suggest to sell you hdb and look for suitable condo concurrently. Please drop me an email for me to share the details.

I can be contactable at my mobile or email.

CK Ang
9046 3808
res.ckang@gmail.com Read More


Rix Jim
HI Mr Jo, there is a few issues you would have to take note in order for you to proceed with your proposed plan. Firstly the 5 and 15% would have to be all in cash with the remaining 80% covered by loan. If you are still financing your HDB. you can only loan up to 50% for the project meaning that you would have to folk up another 30% cash and the ABSD which would be refundable upon certain conditions. Do drop me a call or m mail for a more detailed discussion if you are interested to learn more and we can work out a plan for you before you proceed with your hunt.
Rix Jim
9687 1379
Propnex Read More