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Hi Gurus. I am interested in getting a freehold landed property. I have about 100k in hand. Would this amount be sufficient to put as down payment and purchase a house (approx price 1.3M) or do I need to have more in hand before I can get a house?
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1 Answer

Ander Ang
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Hi Confused,

Assuming you are getting the landed at $1.3m and bank willing to loan you 80%,

5% cash deposit: $65k
15% cash/cpf: $195k
Stamp duty: $33.6k

Unless you have enough $$ in your cpf, S$100k may not be enough for you.

Please call me at 96836230  for other enquiry.

Thanks,
Ander ERA Read More
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