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Dear agents, I want to buy a second property in a new project such as Sims Urban Oasis or Kingsford Waterbay. Can you please tell me:

With 60% bank loan, how much cpf AND cash must I come up with upfront? Also, will this (cash+cpf) be paid all in one shot or in different phases of the project completion?

Thank you!
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5 Answers

Hi,

Assume you take up a 60% bank loan instead of a max 80% possible, 20% downpayment will be payable within 8 weeks of booking unit. The balance 20% will be payable in construction phases, will be glad to send you a chart to illustrate when and how much. May I have more details so I can understand your situation better? Am currently marketing Kingsford Waterbay, hence can give you an better idea in the showroom in terms of financing. Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More
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Hi,

I am the developer appointed sales team/ am the preview team member of KINGSFORD WATERBAY and have all first hand information-from units pricing to financial planning all on my fingertips. Anyways, payment structure would be wholly influenced by your citizenship type as well. But a 60% loan would only mean 20% cash payable within 8 weeks and the other 20% payable in the construction phase via progressive payment. Please feel free to contact me at 96659926  for a non obligatory discussion to run you through your financial flow calculations more comprehensively and expedite on an on site presentation to secure you the best possible priced unit! Come down and have a look, register for VVIP preview to enjoy the early bird prices. Massive crowd over the opening weekend!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

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Hi, I am the appointed developer sales team or rather the Core Team of the Sims @ Urban Oasis project. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More
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YT Tan (陈永达)
Good evening buyer,

Great hearing from you!

I will love to assist you with your purchase of second residential property.

Do take note that as you have an outstanding housing loan currently, you are only eligible to take up to 50% bank loan thus your downpayment will be 25% cash and 25% CPF OA funds.

I can ask my banker to advise you on your in principle approval so you will have a gauge how much loan can you obtain.

The payment schedule will be as such: 5% booking fee upon booking then balance 15% to be paid within 8 to 9 weeks from booking date/ OTP grant date.

Balance 30% will be payable during the construction phase.

Last of all, if you have utilized CPF OA funds in your current property, you have to set aside a minimum sum of $77.5k in your CPF OA + SA before you can use the excess in this purchase. And you will be subject to ABSD according to your residency status. SC: 7%.

Hope my explanation helps!

Hear from you soon so I can advise and assist you further with this purchase!

YT Tan
 9111 5171 
yt.lovelyhomes@gmail.com
www.yttan.com Read More
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GAN ENG JOO ONASSIS
Hi Mr Lim,

Pls drop me a call at 92222389  to meet you in person and answer any doubts you have :)

Onassis Gan 颜荣裕 | R021244C | Associate Deputy Group Director
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