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My husband and I are both SG PR and we are looking for a 4 RM HDB house recently. Before we sign any document, I would like to know the details regarding payment below to ensure we are financially good.

1) Except $4000 to pay on the exercise day, anything else I need to pay? If yes, what are they? how much?

2) When to pay the Stamp Duty and Lawyer fee?

3) When to pay the 20% down payment?

Thank you so much for your answer.
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1 Answer

Morning Jade,

On the exercise day, beside the $4k Option exercise fee, you will need to pay the seller money for valuation report, and prepare money for HDB admin fee.
For the stamp duty and legal fee, your lawyer will deduct it from your CPF OA, if funds are sufficient. If you do not have enough funds, your legal will ask for the full payment, including the 20% downpayment, within 21 days from completion.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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