AskGuru Q&A Community

Afternoon Muimui,

Firstly, have you fulfilled the MOP requirement? Being fully paid does not allow you to be exempted from this requirement.

Secondly, as to how much cash you need, it would depends on the following:
1) Which district and age of the project you are looking at
2) How much CPF you have at hand and how much can the bank offer you
3) Your income status and liquidity comfort level

If you require further discussion, feel free to contact me.

Regards
Mike Lim
 96929209 
ERA Read More

Hi,

Let me give you on percentage.
Assuming you are not utilizing your CPF

20% Cash
$3K (est lawyer fee)
5% - $5400 (Stamp duty)

That should sum it up.

Cheers.

Ken Tan
 96461490 
kentanpropertyguru@gmail.com Read More

Hi muimui,

First, you have to fulfill the MOP of your HDB flat first before moving on to your next property purchase.

Cash outlay depends on the valuation of your property purchase.

5% cash downpayment and cash for shortfall in 15% CPF downpayment as well. 3% buyer stamp duty, Additional buyer stamp duty can be applicable if one of the applicant is a PR but you can apply remission for this.

Most of the time, legal fees are subsidised by bank. Stamp duty of mortgage capped at $500 as well.

I will love to assist you with your property purchase. Feel free to contact me if needed.

Looking forward to hear from you!

Warmest Regards,
YT Tan
ECG Property
M: (+65) 9111 5171 
E: yt.lovelyhomes@gmail.com Read More

Hi,

Pls reach out to me and I will help you with your queries. I am marketing an upcoming launch at Punggol Central opposite the MRT, do let me know if you are interested to know more.

Cheers,

Wee-Ling Chew
M: (65) 9851-5470 
E: weeling.chew@gmail.com Read More