AskGuru Q&A Community

Hi Do contact me at 97970200  to understand more on your plans and discuss. You would need at least $600000 cash for a $3m property

Mark, your RIGHT choice
Propnex Read More

What advise you are looking out for?

Given that you do not own any existing properties, and assuming that you are purchasing this 1st property as a married couple, you will not be subjected to any Additional Buyer's Stamp Duty. The normal stamp duty applicable in this case will be at $119,600. If we further assume that you are eligible for full 75% home loan for this purchase, your total cash plus CPF funds required for the downpayment and stamp duty payment will be in the range of $870,000, thus with CPF funds of $150,000, you will need to have existing cash of $720,000 thereabout up front in order to finance the purchase.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi, appreciate your sharing. 5% cash - 150,000 follow by 20% cash or CPF OA - 600,000 and buyer stamp duty
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

1) When buying a private property, the maximum loan amount is 75% of the property value.
2) This means that they must have a 25% downpayment for the purchase, which is $750k.
3) They can use cash and/or the funds in their CPF OA for this payment.
4) Their combined income must be able to loan $2.25mil from a bank or financial institute.
5) A $3mil residential property is subject to a 5% buyer stamp duty. They have to ensure they have $119,600 for the buyer stamp duty.
6) This amount must be available on the day of exercising the OTP.
7) They also must pay the legal fees on the day of exercising the OTP.
8) The OTP must be signed before the lawyer as the witness.
9) They should opt for the shortest fixed loan. It is anticipated the interest rate might drop by the end of 2024.
10) They could do a re-pricing with the same bank or refinance with another bank to take advantage of the lower SORA rate when the interest rate drops.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More