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Dear expact,currently we are planning to buy a resale flat at Jurong area, 4room flat, I would like to know, how much cash we need to have in hand as our cpf account has no much money due to we just got our PR status not a while ago.
I would like to know, all the cash need to have, including HPIS, legal fee...bla bla fees applicable for 1st and 2nd appointment.
That would be great if can give me an assumption....kindly reply on the post..

thanks a lot.
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1 Answer

Brandon Aw ERA
Replied
Dear M D,

You want to consider below estimates.
1) Bank loan approved for 80% of valuation price
2) Minimum 5% of valuation price in CASH
3) Remaining 15% in CPF or CASH
4) COV in cash
5) Lawyer fees approx $3500 CASH
6) Agent fees 1% of purchase price + gst in CASH
7)Stamp duty approx $5400 for a $360k flat, In CPF or top up by CASH

Let me know if you need any details on the flats for sale in Jurong West/East. Have the data on hand readily.

Cheerz,
Brandon - ERA Marketing Director
HP: 8233.23.23
Email: aw.brandon@gmail.com Read More
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  • MD
    Replied
    Dear Brandon,

    Thank you for your reply and quite a clear explanation.
    For the lawyer fees, is it a MUST to pay? In what condition do we need to pay for it?

    Thank you.

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