AskGuru Q&A Community

Yes. you are require to come out with a min 5% cash.
Which project are you looking at? Do feel free to contact me as ERA is the appointed marketing agency for 90% of the EC launch in Singapore.
Hear from you soon.
Thanks
Kelvin Chen
ERA Associate Division Director
 +65 84282282 
kelvinchen.era@gmail.com Read More

Hi,

Yes min 5% cash is compulsory. Assuming you can take 80% loan, the balance 15% downpayment and 3% stamp duties can be paid by cpf. May I understand which EC are you considering? Thanks and look forward to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Sir/Mdm,

5% cash is compulsory. The grant will be credited into you and your partner's CPF account and can be use to offset the 15% CPF that is payable.

May I know which particular EC are you looking at so that I can share with you the pro and con of the project.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,

You will be required to fund the 5%.
Perhaps you could enlighten me on any location preference and your intended quantum so that I can conduct a progressive payment to narrow down which option you could consider and hence furnish you with the exact floor plan (with facing and elevation) and units details.

I am highly experienced in EC sales, having concluded many EC transactions with the most recent one being a 3BR at Sol Acres over the weekend. My client's testimonial for my service: http://www.kumarrai.com/agent-page/88280/testimonials

Do get in touch for a non obligatory discussion for me to guide you exactly on the step by step procedural framework of EC purchase, and chart the payment timeline / breakdown , to facilitate your purchase. To add , there is no agent fees and I will walk you through the entire process. Thank you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014/2015

2015/2016 ERA Asia-Pacific Business Conference Elite Award
ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14/15
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall 2014/2015 ERA Top Achievers Read More

Good morning EC buyer,

$30k housing grant will credited into yours and spouse's CPF account before it will be deducted for downpayment or stamp duties purposes.

As long as you are eligible for max 80% bank loan, your downpayment will consist of 5% cash and 15% cash or CPF downpayment

You have to fork out at least 5% cash as this is usually the booking fee.

May I know why will you ask whether is it mandatory to fork this amount in cash?

Btw Propnex is the marketing agency for a few EC projects perhaps I can assist you further in your EC purchase.

Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

Click this now: http://goo.gl/Gg5pe3!

Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com

Powerful Negotiators
No.1 team in Propnex Read More

Good morning,

Housing grants are credited into the buyer's CPF account. Therefore, the 5% cash down payment, based on 80% loan, is still payable by cash.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Dear Buyer

The 5% cash is required.
As for the $30k grant, it will be deposited into your CPF account and may be used as part of the balance 15% downpayment.

For your information, the $30k grant is the maximum grant and different buyers may be eligible for different amounts.

I am currently marketing an EC new launch with 3-bedders starting from $6xxk.
Perhaps we can discuss in greater details regarding the various eligibility criteria.
I am also familiar with the various new ECs and can match you to one that best suits your budget and requirements.

Regards
Jolyn Tan
Associate Director
OrangeTee.com Pte Ltd
Mobile : +65-90118028 
Email : jolyn.tan@orangetee.com Read More