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Morning Adeline,

Let's have a breakdown of expenses you have to pay in cash.

If you are taking bank loan, downpayment will be 5% cash, 15% CPF.

Agent commission will be 1% of purchase price.
COV could be anywhere from $15k to $30k.
Resale application fee: $60
Valuation report: $180.50

Contact me and I will send you a detailed excel sheet on whether can your budget of $80k can get you any 3RM HDB flat near Marsiling MRT.

Hope to hear from you soon!

Warmest Regards,
YT Tan
ECG Property
M: (+65) 9111 5171 
E: yt.lovelyhomes@gmail.com Read More

Morning Adeline,

Your $80k cash have to be split into the following components, based on the average valuation of $310k:

* 20% downpayment (minimum 5% cash and 15% CPF)
This would increase your cash requirement if you do not have enough CPF)
* Legal and Stamp fee: $6500 (Payable by CPF, based on purchase price of $330k)
* COV of $20k, based on purchased price of $330k against valuation of $310k)
* Misc Expenses: $350 (includes HDB admin fee, valuation report, property tax refund, etc)
* Salesperson commission: $3600 (inclusive of GST)

As you know your current CPF status better than I do, you should be able to roughly estimate whether you have enough to proceed further. Alternatively, do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More