Good afternoon,
the initial outlay will depends which type of loan you are taking.
1) max 90% HDB loan, 10% downpayment (cash or cpf)
2) max 75% bank loan, 25% downpayment (cash or cpf; minimum 5% cash)
Other costs will be:
a) stamp duty (3% of purchase price - $5400) if above $360k (cash or cpf)
b) legal fees up to $2.5k (cash or cpf)
c) resale submission fee $80 (cash)
d) valuation fee $120 (cash)
e) pro rated property tax
f) agent's commission (1% of purchase price plus GST)
g) $5k option deposit (forms part of the 5% cash downpayment)
As for grants, you will be eligible for family grant (up to $40k) and proximity grant (up to $30k).
Hope my sharing aids in clearing your doubts.
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"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M):
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(E): yt.tan91115171@gmail.com
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