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.
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