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Eveneing,

If both of you are first timer, have combined income of less than $10k, taking HDB loan and comprises of SC + SC, you will be eligible for $40k grant. If your combined income is less than $5k, you are also eligible for AHG. The figure would defer if one of you are PR or will be second timer, upon this purchase.
Legal fee varies, depending on HDB or bank loan and on the purchasing price. Stamp fees is totally dependent on the purchase price. Other misc expenses will be HDB admin fee, valuation report, caveat cost, town council and property tax refund. There are also other cost, if you are taking bank loan.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Ronald,

if both of you are first timer buying a flat, both of you are entitled to $30K housing grant, if you choose to stay near parents, additional $10K grant, total $40k.
If combined income is less than $5K, you are eligible to apply for additional housing grant, in short AHG. In order to apply for AHG, applicants must be continuously working for the past 12 months.
If you plan to take HDB loan, you must apply HLE (HDB Loan Eligibility), loan up to 90%. You need to pay 10% of purchase price either using CPF / Cash.
If you plan to take bank loan, upfront you need to prepare 5% cash for the valuation of the flat that you intend to buy. 15% from CPF / cash, since bank loan up to 80%.
Cash over valuation (COV) depends on the agreed price when you intend to buy after viewing.
Legal fees, stamp fees, caveat fee, title search (By CPF)
Property tax refund, fire insurance & agent's commission (By Cash)

Do give me a call if you need further assistance.

Alan Neo
 84880377  Read More