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I'm planning to buy a condo $1 M with cash payment only.Pls advise.
1.Est min. sum required to hold it for 5 yrs
(20% down payment & assuming with 10 yrs loan). 2.Loan payments commence during construction stage or TOP.
3.Penalty selling within 4 yrs commences on caveat lodged or TOP.
4.Easier to sell 3 than 2-bedder condo.
Thanks.
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1 Answer

Kelvin Tan
Replied
Hi Ben

5% cash or 1/4% depending on resale or projects. 50k

15% CPF/cash approx 8 weeks later 150k.

Prior to my past experience as a banker, feel free to call me at 9699 5151  . Cheers. Kelvin Tan.. Read More
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