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we are married sc,since we are lacking in cash,we will need to sell our flat first in order to use the sales proceeds for the downpayment of new ec.What if the new ec launch before i could find a buyer or maybe sold our flat but still waiting for sales proceeds?can we still book? or do we need to get everything ready upon booking an ec unit e.g approved bank loan,cash,cpf ?
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1 Answer

Hi,

First of all, you need to have enough cash & cpf for the 20% downpayment and stamp duty.

Downpayment: 5% (Cash) + 15% (Cash/CPF)
Satmp Duty: 3% - $5400

And it will be good to check with a banker on your IPA before searching for the EC.

Please do not hesitate to contact me for any queries.

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