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I am Singapore PR since 6 years. Annual income is 52k only. I have around 60k CPF in ordinary account. Planning to buy a 1/1+1/2 bedder condo budget of 500 to 600k in any location (except Geylang redlight location). i am open for any condo even lack of some amenities like swimming pool or gym etc. I just want to utilize my CPF fund by arranging the rest amount. I would like to go for resale condo or TOP year by 2016 max. Kindly suggest.

Thank you.
Cheers,
Kumar
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3 Answers

YT Tan (陈永达)
Good morning Kumar,

If you are able to obtain a 80% bank loan, your initial outlay will be as such:

1) 5% cash downpayment
2) 15% CPF downpayment
3) estimated 3% buyer' stamp duty
4) 5% additional buyer's stamp duty as SPR
5) $3k legal fees
6) valuation fee, stamp duty for mortgage etc

May I know how much cash do you have on hand?

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

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Hi Kumar,

Perhaps I could gather more information on your loan approval status, if done so, and finances on hands to conduct a progressive payment and financial calcualtions to advise which options will be best suited for you.

Furthermore, there is NO agent fees involved! So you can take this opportunity to discuss more on your preferences & for me to give an entire overview and share more insights to the market, chart out the market price analysis and recent sales transaction caveats, work out comprehensive financial cash projections and provide you with up to date information to the procedural steps and its associated wings- financial (loan) , legal matters etc.

D Kumar
 +65 96659926 
ERA Associate Division Director
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GAN ENG JOO ONASSIS
Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

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