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Hi, for purchasing of condo, the upfront cash payment will be the 5% of the purchase price. The next 15% will be the CPF and the remaining 80% will be the bank loan.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Assuming you can take a 80% loan, downpayment will be 20% (minimum 5% cash + 15% cpf). Stamp duties will be about 3% of purchase price.

It is unlikely the bank will grant a loan for the upfront cash payment, and this will also affect your 80% loan quantum attainable for your housing loan. However, if you are selling your existing flat, you can take a bridging loan (for the downpayment) if you have a valid OTP.

May I speak to you to understand your requirements further? Perhaps we can find a suitable project with a competitive price that doesn't require too much upfront cash payment. Thanks and hope to speak to you soon.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More