AskGuru Q&A Community

Hi Suwandi,

The agent commission is 1%+GST of purchase price.

If you are a PR taking a bank loan, you will need to set aside 20% for down payment; 5% in cash and 15% in CPF.

If you are a citizen getting a HDB loan, it will be 10% in CPF. Stamp duty and legal fee can be paid through CPF. If there is any shortfall of CPF, you need to top up in cash. There is also the valuation report of $192 and $60 admin fee to HDB.

Feel free to contact me and I can explain further in details with you.

Thank you.

Angela Chua
Propnex Realty Pte Ltd
H/P: 9323 3330  Read More

Good morning Dr Suwandi,

Standard agent fee for HDB purchase is 1% plus 7% GST based on your purchase price.

A rough estimate of how much cash do you need to fork out will depends on whether you are taking HDB or bank loan.

For HDB loan, downpayment of 10% can be paid fully by CPF OA funds so your overall cash outlay will be lower.

For 80% bank loan, your initial downpayment will be 20% (5% cash and 15% CPF OA funds or cash if shortfall). Other misc fees will be estimated 3% buyer's stamp duty, valuation fee, resale submission fee, legal fees etc.

Maybe you can share more information about your purchase so I am in a better position to advise you.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Afternoon Suwandi,

Market rate for Commission payable is based on 1% of buying price. As for the amount of cash required, it would be calculated based on how much CPF OA you have at hand, how much loan you are getting and the possible premium which you might be required to pay if the valuation is lower than your purchase price.

Do feel free to contact me for further discussion.

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

Hi Dr Suwandi,

Assuming you're taking bank loan, here is the breakdown of CASH that you might need for a $300k purchase.

5% CASH $15,000 (Inclusive of $5,000 deposit)
15% CASH/CPF $45,000 (To top-up CASH if insufficient CPF)
Buyer Stamp Duty $4,200
Legal Fee $2,500
Agent Fee $3,210
HDB Misc Fees $500 or less

TOTAL CASH assuming CPF is sufficient is $25,410.

Do let me know if you're ready for your house search. I am focused in JURONG area and will be able to assist in your home purchase.

I can be reached at 97486305  . I await your call.

Best regards,
Robbie Chen
PropNex Realty Read More

Dr Suwandi,

Just to clarify, Buyer Stamp Duty can be paid using CPF too. However, you might need to set aside CASH for this.

Before the completion of the purchase, if you have sufficient amount in your CPF to pay for the stamp duty, it will be refunded back in CASH to you. Read More