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Hi Beulah

As Vincent has explained, you will need to set aside 5% cash for both resale and new launches.

For the stamp duty, if you have sufficient funds in your CPF, you may apply for reimbursement once your lawyer submit your application to use CPF for the property purchase.

Regarding the amt of bank loan you can take, you may wish to check with bankers for a clearer picture. We know several good bankers from various banks. Do let us know if you need any referrals.

Hope this helps!

If you have further questions, pls feel free to contact me.

Inn Tian
 9068 8568 
inntian@gmail.com Read More

Hi Beluah
I need to highlight that for first time purchase of property in Singapore, banks MAY lend upto 80% if your conditions meet.

From your budget, presume most probably you are targeting a 1brm or studio unit, is this your plan?

If you are deciding on your purchase, would you like professional help? I am available - email: Kev7711KF@gmail.com or call to discuss.

Please feel free to discuss your specific case (no obligations).

Best Rgds
Kevin
Knight Frank

HP: 92357711  Read More