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Asked by shamli 22 Feb 2013

Based on the new cooling measures, what is the breakdown of amount to be paid upfront by a Singapore PR to buy a SGD$ 1 million condo. Its the first property.

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Mike Lim · Answer 1 · 2013-02-23T13:47:00+08:00

Mike Lim

Replied 23 Feb 2013

Afternoon,

Here are the breakdowns, assuming that you have $0 in your CPF account and you managed to get 80% loan for purchase of resale condo:

1) 5% ABSD: $$50k
2) 20% Downpayment: $200k
3) Stamp and Legal: $28k
4) Valuation Report & misc: ~$1k

Therefore, you will require around $280k to $300k in hand.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
96929209
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