5 Answers

Basically, there are:
- stamp duty
- lawyer fees
- valuation fees
- HDB application fees
- agent fees if you engage one (advisable)

The grants you can try to apply for are:
- Family Grant
- Proximity Housing Grant (if you find a flat close to parents)

All these are subject to eligibility and income ceiling.

If you would like, we can schedule a meeting to explain all these in more detail to you.

You may contact me at 93855005  . Read More

If you would like to text or call 9620 0827  , we can take you through the housing policy, transaction process, timeline and financial plan.


Gavin Read More
Robbie Chen Chee Howe

If you're taking up a bank loan, you might want to prepare about 30% of the property price. This will cover for the 25% downpayment, plus stamp duties and other miscellaneous fees.

Hence, for a $500k HDB resale flat, that would be be around $150k. This amount can be from CASH or CPF, though you will probably need to set aside minimum $30k CASH, for the 5% downpayment plus agent fees.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
YT Tan (陈永达)
Good afternoon,

the initial outlay will depends which type of loan you are taking.

1) max 90% HDB loan, 10% downpayment (cash or cpf)
2) max 75% bank loan, 25% downpayment (cash or cpf; minimum 5% cash)

Other costs will be:
a) stamp duty (3% of purchase price - $5400) if above $360k (cash or cpf)
b) legal fees up to $2.5k (cash or cpf)
c) resale submission fee $80 (cash)
d) valuation fee $120 (cash)
e) pro rated property tax
f) agent's commission (1% of purchase price plus GST)
g) $5k option deposit (forms part of the 5% cash downpayment)

As for grants, you will be eligible for family grant (up to $40k) and proximity grant (up to $30k).

Hope my sharing aids in clearing your doubts.

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YT TAN 陈永达 | ACCA Graduate, RES
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
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