AskGuru Q&A Community

The S&P process needs careful and confident planning in financial, timeline and checklist especially HDB, CPF, bank and lawyer etc. Recently my client 'suddenly' bought a dream condo while 'holding on' to a HDB flat.
They needed the extra 'funds' for the condo.
Hence, after a series of planning, discussion and deliberation, they finally decided to sell their HDB unit.
Engage an agent if you expect a consistent S&P process.
The stress relief effort is enormous and the commission is insignificant.
Check this site: www.catherinepang.com Read More

Hi Fred,

Assuming price of 3rm is $300k,

1) Agent fee: 1% = $3000 + gst
2) Legal fee: estimate $2500. Bank will subsidize partially depending on loan amount.
3) Stamp fee: $4200. Need to pay by cash first, subsequently can be reimbursed back from CPF.

Bank interest rates are less than 1.5% now.

Pls call me at 96836230  to discuss. I will guide you through the whole buying procedure.

Tks. Ander ERA Read More

Afternoon Fred,

Legal fee varies depending on your loan type. HDB legal fee will cost you around $280 and bank loan will $1800. Stamp fee will be $4200, at purchase price of $300k. Commission payable is to be discussed between you and your salesperson, as per CEA regulation and Fair Trade Act. Bank interest would also varies depending on what kind of package you signed for. THe current challenge would be to get a unit with COV of less than $10k.

FYI
Mike Lim
 96929209 
ERA Read More