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 ......