Is it 10% or 20% cash then followed by subsequent installments?
How many percent do I need to pay upfront in cash first to buy a condominium unit?
In Singapore, you will need to pay 20% downpayment or 'deposit' or upfront cash followed by subsequent instalments in order to secure your purchase. This is a Government regulatory. Also, if you are a foreigner, please check whether you are eligible to buy a unit at the condominium or not as there are certain restrictions for foreigners.
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Reply:Are you buying it in Singapore or somewhere else? In the US, it depends on your credit history and how much risk the lender is willing to take. For example, in the US it is still possible to put zero down and finance 100% of the cost.
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