7 Answers

Ivan Ng
Hi Daphne,

Assuming a 600k to 700k purchase price, you are looking at minimum 30k to 35k cash outlay. Whether its more depends on your cpf OA monies available and loan attainable. Do you have any location in mind? May I understand your plans further so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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

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Robbie Chen Chee Howe
Hi Daphne,

You will need to come out with a minimum 5% of the purchase price for the condo. The balance 15% can be paid using your CPF-OA.

Apart from the 20% downpayment stated above, you will also have to ensure that you are eligible for 80% loan. Your age and income are taken into account when assessing the loan. Always check with a banker for the maximum loan you can get before proceeding to shortlist condo.

Should you have any other queries, please feel free to contact me at my mobile 9748 6305. I can recommend my trusted banker to you too.

Thank you.

Best regard,
Robbie Chen
9748 6305
PropNex Realty Read More

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Jolyn Tan
Hi Daphne

The minimum cash outlay for a condominium purchase is 5%. Another 15% may be paid using CPF and/or cash while the balance 80% can be loaned.
Perhaps you can contact me at 90118028 or jntan1@yahoo.com.sg to go through more details. I am currently marketing several 1 bedder units for sale and will be happy to share with you more.

Regards
Jolyn Tan
Associate Director
OrangeTee.com Pte Ltd
HP : +65-90118028
Email : jntan1@yahoo.com.sg Read More

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Geryl Lim
Hi Daphne,

The bare minimum will be 5% of the purchase price, however do take note that there could be miscellaneous costs involved in the purchase therefore it will be good to set aside more than 5% for the purchase. More importantly will also be the eligibility to secure a mortgage loan for the purchase. Do speak to a banker first prior to committing to any properties.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
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Gavin Ng
Hi Daphne,

Good question. If you care to email to gavin.ng@orangetee.com and I will email in return the structure of funds/payment.

Regards
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Ng Teck Chuan
Hi Daphne,

For a $700k unit, you can be looking at 5% cash which is $35k; that is given the fact that you have sufficient CPF funds for the other 15% downpayment, BSD, ABSD (if applicable), legal fees etc.

I do have some 1-bedroom units on hand which I can share with you. Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602 Read More

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YT Tan (陈永达)
Good evening Daphne,

I am afraid to inform you that you might have to go for new launch that TOP beyond 2016.

Reason being you need 5% cash as booking fee first. In addition if you go for resale units, you will have to fork out cash for the payment of stamp duties first before you can apply for reimbursement as CPF board might not release the funds in time to IRAS.

Having say that, usually you can avoid this by buying a new launch.

I have something good in mind, will you be keen to hear me out?

Just to share!

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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

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