Buying a private condo lifestyle with less than $50k Cash - Explained in 30 Secs
- Gina Lee
- Mar 16, 2018
- 1 min read
Property Price $1,000,000
Bank Loan $800,000
Stamp Fee $24,600
5% booking is Cash $50,000
15% CPF is $174,600
Assuming you are buying a private condo lifestyle at Rivercove Residences at $1,000,000, and you have a combined salary $10,000 and an approved housing loan of $800,000, you only need to set aside an amount of $50,000 cash and the rest you can use your CPF of $174,000.
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