Property
How Much Do You Need to Buy Your First Home in Singapore?
By Teenage Investing  •  October 15, 2014
This is a post in continuation with Buying Your First HDB Flat in Singapore What are the costs involved? Planning your Finances is important. As of Sep 2014, a regular 4 room BTO flat would cost without grant: Bukit Batok $269,000+++ Buangkok $268,000+++ Therefore, I will round off the amount to $300,000. This price is inclusive of miscellaneous fees including agent fees, option fees etc.
As seen on my previous post,
This is a sample calculation. Assuming the total selling price is $253,400,  the downpayment would be around $30,000 give or take. Now this is close to 12% of the total amount. Assuming the flat costs $300,000, the minimum downpayment would be $36,000! The balance would be paid off with CPF/Cash when you get the keys. This payment could also be done in instalments. Please note that downpayment based on 10% would be at $30,000. The $6,000 is an estimate ......
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By Teenage Investing
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