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Mike Lim
Replied
Afternoon Ong,

Assuming that the valuation of the unit is at $450k, you are required to come out with additional cash. This is regardless of bank loan or HDB loan as you are still short by a margin for your legal and stamp fee. If you are taking bank loan, you are require to prepare the 5% cash for deposit as well.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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KB Chong
Replied
Alternatively, u can consider a brand new flat with no COV. With a maximum CPF grant of $80,000 and 90% HDB loan, you may only need to come up with max $50,000 cash for the entire booking.

Do contact me at 81824811  for more info. Regards Read More
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  • BO
    Replied
    Hi K B Chong,

    I have bought a resale 3 room flat before. I understand that I have to pay $30k resale levy if i apply for a new flat. I don't have so much cash and also cant afford

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