2 Answers

Hi Hla Naing,

I believe you are referring to is a HDB unit?

You are only available for bank loan, which their interest rates are rather low now, lower than HDB interest rates!!

For PRs, for example, you wanted to purchase a 3 rm flat with Valuation=$200k and Cash over valuation=$10k and a bank loan approval of 80% of the valuation price,then,

Cash over valuation = $10,000 (In cash)
5% of valuation price = $10,000 (In cash)
15% of valuation price = $30,000 (CPF if sufficient, else top up in cash)
LAwyer Fees = No more than 3k (Cash)
Stamp duty = $2400 (CPF if sufficient, else top up in cash)
Conveyancing Fees = $1000 (CPF if sufficient, else top up in cash)
Agent Fees= $2100 + 7% gst (Cash)

Hope this will give u a clearer picture.

And of course, for PRs to buy a HDB flat, there will be more rules and regulations to observe otherwise it would land you in paying much more additional costs!!

For your mentioned combined income of $6k, perhaps u can let my banker to check if you can get up to 90% of the valuation price as loan.

I would need more particulars. Please give me a holler or email me and i arrange the bankers to help out to reduce the cash portion in buying the flat.

Brandon - ERA Marketing Director
HP: 8233 23 23
Email: aw.brandon@gmail.com Read More
For singapore PR only eligible to apply bank loan. before u start searching buy house around u can do some financial planning from banker. if u need further detail infomation please do not hesitate to contact me

thanks & nice day ahead :@)

Zane chew
mobile: 9477 8866  Read More