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Please help me with the below queries. Thank you very much.
1) Eastvale Executive Condo launched in 1996 & TOP in 1999: what was the compulsory CASH downpayment before getting bank loan/using CPF? 5% or 20%?
2) Buying a Resale Private Condo in 2006: what was the compulsory CASH downpayment before getting bank loan/using CPF? 5% or 20%?
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4 Answers

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, cash deposit payment will be at 5% while bank loan will be at 75%.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Dear Buyer,
The 1st 5% is always cash for any property purchase. It is only after this initial payment, you can combine your CPF with your cash for any purchase, including the above developments..

Do contact me so that I can advise you accordingly and when is the right time to strike the right deal.
Cheers!

Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
 90170747 
www.goodpropertiesguide.com Read More
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Hi,

1) Not sure where you are getting from this.
2) Eastvale is already considered a private condo by now, therefore it is the same as a resale private condo.
3) The current maximum loan-To-Value from the bank is 75% across the board instructed by the MAS.
4) The down payment is 25% to purchase any private condo, of which 5% must be in cash. 20% can be cash and/or CPF.
5) When you buy a private condo, you are expected to place a 1% deposit in a cheque or cashier order bearing the owner's name.
6) Usually it is 14 days upon getting your Letter-Of-Offer (LOO) from the bank on the amount they are lending you, you are expected to exercise the OTP by placing another 4%.
7) Within 14 days of exercising the S&P, you are expected to pay the buyer stamp duty.
8) On the completion day (usually is 3 months from the OTP date), you will be expected to pay the remaining 20% assume you are able to receive the 75% loan from the bank.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Dear Sir/Mdm,

For now, whether you are buying a resale EC or a private condo, the down payment is 5% cash, 20% CPF and 75% loan.

Please feel free to contact me so that I can give you an overview of the purchase process and assist you further!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

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