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BUYING A PROPERTY

1. Plan a budget based on affordability, depending on outcome of Total Debt Servicing Ratio and Mortgage Servicing Ratio

2. Minimum Cash outlay required

3. CPF OA funds that could be used to fund the property purchase and/or service the property loan

4. Stamp duty charges including Stamp Duty, Additional Buyers Stamp Duty and Seller’s Stamp Duty

5. Loan Tenor and Interest rates