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Asked by Anonymous 12 Sept 2012

May I know we need to pay cash 5% of valuation, is it true? Is it a rule of HDB or owner?

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Mike Lim · Answer 1 · 2012-09-12T10:45:17+08:00

Mike Lim

Replied 12 Sept 2012

Morning,

It's a new MAS ruling for buyers who are eligible for 80% bank loan, be it HDB or private. 5% must be in cash while the remain 15% can be a mixture of both cash and CPF.

FYI
Mike Lim
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CEA Reg No: R026708F
Email add: m52i@yahoo.com
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