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I need your help to advice me. I am RP here. I had $110K in my CPF account. And same cash as well. I am planing to purchase New Condo Appt project. Please advice me, how much Cash Money should i prepare if the property price is $800K. I got about loan about $725k. Please advice.
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1 Answer

J.A. Goh 吴永益
Replied
Hi Hafiz,

Assuming your bank loan is only 70% for 2nd property, and property price is $800K. You need following:

Cash - $88,600 (10% + Stamp Duty 3% - $5,400)
CPF - $160,000 (20%)

If you able to get 80% loan, then you just reduce the cash and CPF portion by 5% each, will give you the numbers.

Please feel free to drop me an email or call me directly for further discussion.

Thank you & Best Regards
J.A.Goh
ERA Marketing Director
HP: 9639 0350 
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
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