AskGuru Q&A Community

Afternoon,

If you are refering to private, you are only required to prepare 5% cash, if you have being granted 80% loan. The balance will be required later in the sales process.

Regards
Mike Lim
 96929209 
ERA Read More

Hi ken1234,

For resale HDB purchase by both PRs, you guys can only take up bank loan to fund the purchase.

You are right about the downpayment portion but initial cash portion could be more. Other than 5% cash + COV + legal fees + stamp duty (shortfall in CPF), there are other costs like resale HDB submission + valuation report + shortfall in 15% CPF + agent's fees etc.

Hope it helps!

Cheers!

Enjoy this festive season!

Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More