Asked by Jim Kee
Mr Guru, I am recently looking for re-sale flat and realise that owners are asking for VERY HIGH CASH-ON-TOP of valuation figure. Yesterday, one of the property agent in PROPERTYGURU.COM.SG ask for SGD80k CASH-ON-TOP of valuation for a 4 room flat at Jurong East St 21. Other than that others are asking 40k-50k for cash. How should a newly wedded couple cope with the HIGH CASH DEMAND from owners? 40-50k is almost one year salary of ours not mentioning 80k. Is it a trend that is up rising? Are that any chance, I can secure a resales flat for less than SGD20k? Please kindly advise. Thank you.
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