1 Answer

Kelvin Ng
Good Morning Kent,

If you purchase a condo and do not have a existing bank loan, the banks can support your purchase up to 80% of the bank valuation or purchase price.

Initial 5% have to be in cash, the remaining 15% can be either Cash or CPF.

IF you are purchasing a condo , with an existing bank loan, the banks can only support you 60% of the bank valuation or purchase price.

If you require a detailed calculation, do give me a call, and we can work out the procedures, financial calculation and even the monthly installment if you require.

I can be contacted at 9386-0900.

Looking forward to hear from you.

Thank You.

Kelvin NG
9386-0900
kelvin.ngcj@orangtee.com Read More

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