Asked by Fred
If PR want to buy EC, how much cash they should prepare. Let's say the unit is selling at 700-800K.
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2 Answers
Hi Fred,
Assuming a resale EC at $800K at this being your first property with no other outstanding mortgage loan, you'd need approx $59K cash for the 5% cash downpayment, stamp duty etc.
You'd also need another $120K of CPF from your ordinary account. Any shortfall would have to be top up in cash.
Best regards,
Jeron Lee
Jones Lang LaSalle Residential
Mobiie/WhatsApp: 9001-5060
Email: jeron.lee@jllassoc.com Read More
Assuming a resale EC at $800K at this being your first property with no other outstanding mortgage loan, you'd need approx $59K cash for the 5% cash downpayment, stamp duty etc.
You'd also need another $120K of CPF from your ordinary account. Any shortfall would have to be top up in cash.
Best regards,
Jeron Lee
Jones Lang LaSalle Residential
Mobiie/WhatsApp: 9001-5060
Email: jeron.lee@jllassoc.com Read More
Hi Fred,
For $800K, your cash portion = $58,600
($40K being 5% + $18.6K being Stamp Duty),
taking into account that it is your 1st property. If it is your 2nd property, then your Stamp Duty will be $42,600 (6% - $5,400).
Above is also on the assumption that your CPF has enough to pay for the balance 15%. If ot enough, you have to use Cash to top-up as well.
Let me know if you are seriously looking to buy a resale EC. Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions. Alternatively, we can also meet up to discuss at your convenient time and place.
Thank you & Best Regards
J.A.Goh
HP: 9639 0350
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
For $800K, your cash portion = $58,600
($40K being 5% + $18.6K being Stamp Duty),
taking into account that it is your 1st property. If it is your 2nd property, then your Stamp Duty will be $42,600 (6% - $5,400).
Above is also on the assumption that your CPF has enough to pay for the balance 15%. If ot enough, you have to use Cash to top-up as well.
Let me know if you are seriously looking to buy a resale EC. Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions. Alternatively, we can also meet up to discuss at your convenient time and place.
Thank you & Best Regards
J.A.Goh
HP: 9639 0350
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More