Asked by Winston Khoo
I am planning to get a new condo unit soon, trying to understand the payment scheme before viewing:
My understanding of Cash or CPF as follows:
5% (Cash paid within 2 weeks of booking)
15% (Cash/CPF)
80% Loan
Other fees:
Legal Fees = 3K+
Agent Fees = 1% (Cash +7% GST)
Stamp Duty Fees = 3% of purchase price - $5400
My question is when am I required to pay the 15% and other misc fees. I only understand that the 5% cash must be paid within 2 weeks.
My understanding of Cash or CPF as follows:
5% (Cash paid within 2 weeks of booking)
15% (Cash/CPF)
80% Loan
Other fees:
Legal Fees = 3K+
Agent Fees = 1% (Cash +7% GST)
Stamp Duty Fees = 3% of purchase price - $5400
My question is when am I required to pay the 15% and other misc fees. I only understand that the 5% cash must be paid within 2 weeks.
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