condo is so expensive
just do some research on buying condo! so expensive !!! :( if i win Toto, it would be great :)
80% bank loan
20% down payment (5% cash, 15% CPF)
Stamp duty = 3% - 5,400
Additional stamp duty = 5%
Lawyer fees = ?
So we roughly need to pay 30% . a newly and going to be constructed condo with 2 bed rooms will need 650k++ (cheap one). And then we need to wait around 3.5 years to get the key. Subsequently need to pay property tax.
Shocking. Need at least 200k.