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We would like to buy a private condo. Lets say the price is exactly $1.2 million and I can borrow 80% from the bank. My ABSD is 10%. How much money would I need now including laywer fee etc to save up. Would appreciate if the gurus can help to give a breakdown. Thanks. BTW, what the difference in buying a new and a TOP condo in terms of financing. Can I get a 3 bedroom with $1.2 million?
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1 Answer

Hi Mr Red

Base on 1.2m of property:

1) $60,000 - 5% option fee
2) $180,000 - can be cash + cpf
3) $120,000 - ABSD
4) $2,600 to $3,400 - legal fees

Pls feel free to let me know if you need any other assistance. Cheers!

REgards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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