Cash savings – Singapore HDB for sale
Singapore HDB for sale – Cash savings of buyers can be used for the following:
- The payment of deposit to sellers (up to a maximum of $5,000)
- Cash-over-valuation (COV) (if applicable). If the resale price agreed between the buyers and sellers is above the market valuation, the difference between the resale price and the market valuation of the flat, which is the COV, has to be paid in cash.
- If there is a shortfall in the initial payment, the balance has to be paid in cash.
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