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Hi Yeong,

Cash that you need to fork out will be:
1) Cash over valuation (depending on the location, floor level, be it corridor/ corner etc - upfront $5000 as option money and deposit)
2) Agent's commission (1% of purchase price)
3) Valuation fee (up to $180.50)
4) Resale HDB application ($80)
5) legal fees (up to $3000)

As for loan, you need to submit certain documents like your NRIC, payslips etc to bankers so they can assess how much can you loan.

It always good to obtain an in-principle approval from banks first before househunting.

Get in touch with me as we embark on your property purchase and I will introduce bankers to advise you on your bank loan. (different banks offer different loan packages)

Hope to hear from you soon!

Warmest Regards,
YT TAN
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

Evening Yeong,

Expenses for purchase of HDB unit includes the following:

1) COV, which is a variable
2) Stamp fee, which is dependent on purchase price ($5400 based on purchase price of $5400)
3) Legal Fee, around $2800
4) Misc Admin, $80: HDB admin fee, $180.50: Valuation report, >$100: Property Tax refund
5) Downpayment: 5% Cash & 15% CPF of valuation price. If you do not have enough CPF, you have to top it up with cash
6) Commission payable: to be negotiated, exclusive of GST.

Do feel free to contact me for detailed discussion

Regards
Mike Lim
 96929209 
ERA Read More