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Cash Payment for Purchase of Private Property

New Launch Condo, Executive Condo and Landed Property

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How Much Cash Payment Is Required For Purchase of Private Property in Singapore

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New Launch Properties - Cash Payment For Purchase Of Private Property

Cash Payment for Purchase of Private Property in Singapore:

  • Option Fee
  • Downpayment
    • You will have to pay 20% of the purchase price as the downpayment for the private property purchase.
      • 15% within eight weeks if you are buying a private condo or landed property; within nine weeks if you are purchasing an executive condo.
      • 5% upon completion of the foundation.
    • You may use your CPF Ordinary Account savings to pay for the 20%, provided you manage to get the 75% housing loan from the bank. If not enough topped up by cash.
  • Legal Fees and Stamp Duties
    • You may use cash or CPF savings to pay for the legal fees and stamp duties.
    • It may take some time for the withdrawal of CPF Savings for the payment. Please inform your appointed lawyer in advance to avoid any delay.
Stage%DescriptionPayment Mode
1st5%Booking & Obtaining Option To PurchaseCash
 Buyer to engage a solicitor (~ $3000)
Buyer to select the Mortgage Loan (Stamp fee ~$500)
Cash or CPF OA
 Buyer's Stamp DutyCash or CPF OA
 Additional Buyer's Stamp DutyCash or CPF OA
15%DownpaymentCash or CPF OA
 
2nd5%Completion of Foundation WorkCash or CPF OA
5%Bank Loan
3rd10%Completion of Reinforced ConcreteBank Loan
4th5%Completion of Brick WallBank Loan
5th5%Completion of Ceiling / RoofingBank Loan
6th5%Completion of Doors & Windows Frames are in position, the Electrical Wiring & Plumbing & Internal PlasteringBank Loan
7th5%Completion of Car Park, Roads and DrainsBank Loan
8th25%Obtaining Temporary Occupation Permit (TOP)Bank Loan
9th15%Upon Production of the Certificate of Statutory Completion (CSC)Bank Loan
Housing Loan1st Loan2nd Loan3rd Loan
Loan TenureUp To 30 Years31-35 YearsUp To 30 Years31-35 YearsUp To 30 Years31-35 Years
Sum of Tenure & Age of BorrowerUp To 65Above 65 Up To 65Above 65 Up To 65Above 65 
Loan To Value Limit
(Individual)
75%55%55%45%25%25%35%15%15%
Minimum Cash Outlay5%10%10%25%25%25%25%25%25%

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With your permission, we will work out a PROPER FINANCIAL & TIMELINE PLAN that suits you the best!

Explore the possibility to Upgrade Your House Comfortably WITHOUT FORKING OUT EXTRA CASH from your pocket
The MUST-HAVE CALCULATIONS and DATA to recognize your Current Financial Standing for you to plan ahead
Tips to accumulate your wealth through a SIMPLE YET EFFECTIVE CPF USAGE PLAN
How to create and execute a PROPERTY SAVINGS PLAN
A far-sighted “ROADMAP” that will allow you to RETIRE COMFORTABLY
How you can qualify for special DIRECT DEVELOPER PRICING, especially during the official launch and show flat preview

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