What is procedure if I sold my resale 4-rm with bank loan, and bought a around BTO 4-rm around 480k
what is the cash i need
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Ryan Ong
27 Nov 2020
Partner at Stacked Homes
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Hey! You’ll need to have sufficient amount of cash to pay off the stamp duties, lawyer fees etc first. Beyond that, it’s just a matter of whether you take a HDB or bank loan for your BTO. If you’re taking an HDB loan, you can use CPF fo the 10% downpayment. If it’s a bank loan, you’ll need at least 5% in cash for the downpayment, and the remaining 20% in cash/CPF 👌