AskGuru Q&A Community

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Good morning buyer,

I assume you are keen to purchase a resale HDB.

Do take note that if you are going for bank loan (max 75%), the downpayment will be 25%. 5% CASH and 20% CPF or cash.

If you wish to minimize cash outlay, it will be best to apply for HDB loan instead. Max 90% loan, 10% downpayment can be paid fully by CPF OA funds.

I am sorry to inform that there are still some costs that need to be paid in cash:

1) valuation fee $120
2) resale application fee $80
3) legal fees (can be by CPF OA funds)
4) stamp duty (can be by CPF OA funds)
5) agent's commission (1% of purchase price plus GST) etc

Hope my sharing aids in clearing your doubts.

May I know how can I value add further in your property needs?

#staysafe

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
Quick link to whataspp: https://bit.ly/WAaskguru
(E): yt.tan91115171@gmail.com
(W): www.yttan.com

Follow me on:

IG: instagram.com/ytpropnex
FB: https://www.fb.com/yttanassetprogressor

-> Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack

Creative marketing (copy and paste URL) :
1) https://www.facebook.com/watch/?v=395750131215921
2) https://www.facebook.com/watch/?v=290515518310711

"Build Legacy, Comfortable Retirement"

*Transforming my clients' lives*
*Wont let your hard earned money to go into waste*
*Let your money works harder for you*

#sgrealestate #realestate #sg #sgproperty #property #privatehousing #landed #condo #apartment #publichousing #hdb #propnex #png #lawrenceteodivision #yttanassociates

Accolades:

Propnex Annual Convention 2019 - Top 3% individual producers
3rd Quarter 2018 - Top 2% individual producers
July 2018 - Top 1% individual producers
2nd Quarter 2018 - Top 3% individual producers
1st Quarter 2018 - Top 3% individual producers Read More

Hi
Technically yes if you are using a HDB loan as HDB loans allow you to finance the flat 100% using up to its valuation. However in reality, there is still minimum cash portions to be paid listed below:
Deposit: $2 to $5000 (negotiable with seller)
Resale application and valuation Fee:$200
Other miscellaneous fee:$160
As you can see above, cash deposit might take up the largest component of cash required. So it is important to adopt the right negotiation strategy if you wish to minimise the cash portion and maximise fully on your CPF. It is also important for you not to purchase a flat at too high a price way above it's valuation to avoid incurring COV (the excess amount above flat valuation to be paid in cash). I provide free and non obligatory consultation on property issues and do contact me at 93375051  for further queries.
Regards
Taufik Hussein
ERA Realty Network Pte Ltdo Read More

Yes, maximum $5000 for sell, $120 for valuation and $80 for HDB resale net plus $2000 for private lawyer. For more info, kindly call or whatsapp me at 9696 4398  . Stewart Lim -PropNex Read More

Greetings from Ohmyhome Realtors.

For HDB resale, Option fee of $1000 and Exercise Fee of $4000 is market practice which is maximum deposit allowed by HDB.

However, Option fee and Exercise Fee is negotiable with sellers.

For more information, kindly contact us at 68869009  or WhatsApp us at 97551009  . We will be glad to assist you further.

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd Read More