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Asked by Glenys 19 Feb 2013

What is all the total fees if I intend to buy 1 condo at selling pice round 1 million, how much I need to pay for my first booking of the condo? Please advise thanks

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Mike Lim · Answer 1 · 2013-02-19T14:00:04+08:00

Mike Lim

Replied 19 Feb 2013

Afternoon Glenys,

There are a few things to take note of:

1) Are you PR or SC?
2) Do you have any existing mortgage in hand?
3) Are you using your CPF for the payment of the purchase?
4) How much loan are you eligible for?

All this factors would affect your cash payout requirements.

Regards
Mike Lim
96929209
m52i@yahoo.com
ERA Read More

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Aaron Chong · Answer 2 · 2013-02-19T15:34:06+08:00

Aaron Chong

Replied 19 Feb 2013

Hi Glenys

The first booking as per your case will be the 5% of the purchase price and that is $ 50k. The rest which are the remaining 15% (cash + cpf) as well as the stamp duty will be later. Cheers!

Best regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More

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