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Hi Mr. Tan,

Its the same for new or resale ec or private condo, minimum 5% cash is required as per MAS regulation. The balance is max 80% loan and 15% cpf, or any other combination that doesn't exceed 80% bank loan.

Which EC are you considering? May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Hi Mr Tan,

Regardless of which property you purchase, the minimum downpayment is 20%, and the maximum loan you can get for it is 80% of the property price or the valuation price, whichever is lower.

And out of the 20% downpayment, 5% (or more) must be in the form of CASH. The balance can be in CPF.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Be it new or resale EC, the requirement for cash 5% or CPF 15% portion is the same. Loan max upto 80% depend on your income. Buying new EC requires you meet certain nationality and income criteria, while privatised EC does not have such requirements.

Feel free to call for further discussion or email for a list of carefully shortlisted properties based on your specific criteria.

Warmest regards
Belinda Zhao
Associate Senior Marketing Director
CEA Reg No. : R051311G
Huttons Asia Pte Ltd
Mobile: (65) 9628 0661 
Email: belindazhao1@gmail.com
Property Listings :http://www.findnewlaunchsg.com/ Read More

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Singapore Line : (+65) 92222389 
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