AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Some question to ask....
Currently I have a 5rm flat in sengkang anchorvale drive...
If I have successfully ballot for a bto flat...

1. Must I have sufficient cpf n cash to pay that 10% down payment 1st? If combine cpf is 30k... 10% is 50k... I must top it up with 20k cash?

2. Can I hold my current flat til a few months of key collection?

3. Besides the 45k levy I have to pay. What other fees I have to pay...
0 •
403 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Mike Lim
Replied
Evening Jeff,

You are required to have the 10% downpayment ready in hand, be it CPF or cash. Hence if you do not have sufficient funding, the balance would be topped up with cash. Under the current ruling, you are eligible to hold onto your current unit for 6 months after key collection. This is also the period required for your to sell away your current unit. Other than levy payable, other payment would be stamp and legal fee.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions