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Hi,

For SC 2nd property purchase with no outstanding loan concurrently, breakdown as follows:

Cash 5%
CPF OA 15%
Max bank loan 80%
Stamp duties and legal fees approx 10%

Hence downpayment is approx 30%, of which at least 50k must be cash. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Hi Mr Mugen,

I have noticed you have made many posts in relation to your proposed purchase. I would suggest you consult and engage a specialist of your choice, to go over all your doubts and assist in the financial calculations and payment break down to guide you. Private property purchase also requires no fees. So why not. Do consider! This is more effective , rather than going back and forth! Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2016 Read More

Good day Mr Mugen Fire

Please note only singaporean can rent out an entire hdb . Non singaporean cannot keep their hdb if they buy a condo . Non singaporean cannot be landlord of a entire hdb flat .

As per your question , this figures provided are based on a 1million condo and inclusive of 7% ABSD , however ABSD is NOT payable if you are a Singaporean and sell your hdb to buy a condo concurrently .

Assuming you are singaporean and intent to keep the hdb , The minimum cash plus cpf would be approx 30% of the condo price that you intent to buy , factoring in approx 10% of taxes including 7% additional buyer stamp duty ABSD , example 30% of 1 million property is approx $300 000 in cash and or cpf , out of which at least at least 5% must be cash . This $300 000 cannot be loan .

If neccessary, the balance 80% of 1million condo can be loan subject to your age and income .

Alternatively to save on taxes such as additional buyer stamp duty ABSD at 7% of condo price , equivalent to $70 000 savings of cash or cpf based on a example condo valued at 1million if you sell your hdb concurrently while you buy a 1million condo .

Kindly contact me for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your hdb , or 2% for open istings ( many agents ) .

No commission chargeable when i serve private property buyers .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More