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1. What is the initial cost involved in buying a condo? (downpayment, stamp duty and ...?)

2. What are the pros and cons of buying resale and new condo?

3. What are the pros and cons of 99-years and free hold?

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2 Answers

Wilson Leong
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email me your detail like Singaporean or PR. Buying alone or with Partner?

i will explain to you the rest.

Wilsonleong61@gmail.com Read More
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YT Tan (陈永达)
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Hi Mr Ng,

Initial cash outlay will be the downpayment, legal fees, mortgage's stamp duty and misc (if).

Downpayment will depends on the mortgage loan that you will be able to obtain. For eg. 80% loan. 20% downpayment will be 5% cash 15% CPF (shortfall in cash)

Legal fees range from $2.5k to $3k.

Mortgage's stamp duty of at least $550 if taking up a loan.

Pros and cons on the other two questions are based on whether are you buying it for investment or own occupation.

Let me hear you out before I can advise you.

Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): yttan.stproperty.com.sg/
(W) www.lovelyhomes.com.sg
(W) www.ecgproperty.com Read More
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