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Hi Mdm Ong, The option fee of $5k can be discussed between seller and buyer. But normally it is a fee of $5k. On top of that, you will have to apply for HLE to see how much HDB would loan you so that you are able to pay off in cpf for the unit. There's still miscellaneous items to be paid for. Call me at 9698 2333  if you need clarification. - Carolyn Gavriella ERA Realty Network P/L 9698 2333  Read More

Evening Berlynn, Buyers are required to pay the Option fee, so as to obtain the Option and Exercise fee, so as to exercise the Option given. This is the basic requirement for any HDB transaction to proceed. Other expenses like legal fee and stamp fee is also payable, if you do not have enough CPF to work with. If you are taking bank loan, you are also required to prepare 5% cash for the downpayment. Therefore, certain amount of cash is definitely required during any purchase of HDB unit. FYI Mike Lim 96929209  m52i@yahoo.com ERA Read More