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Dear Gurus,

I am considering to buy an EC.

Please advise other miscellaneous costs besides stamp duty + legal fees etc.

Please advise if it is a common practice that the developer will offer discounts to buyers during the initial launch?

Thank you
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3 Answers

Hi,

Assuming New EC of 800K
Breakdown as follows:
cash 5% 40K
cpf 15% 120K
max bank loan 80% 640K
stamp duties approx 3% 24K
legal fees 3K

Buyers do not pay commission. Yes for most Developer launches, there will be initial discounts for early purchasers. May I know which project are you considering? will be glad to share with you the value buys available, and the preferred facing units. thanks and hope to speak soon.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com Read More
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YT Tan (陈永达)
Good evening buyer,

are you eligible under any HDB schemes to purchase a new EC?

If you are a first timer with no housing loan, you need to fork out this amount of initial outlay provided you can obtain a 80% bank loan.

Initial outlay: 5% cash downpayment, 15% CPF OA/ cash downpayment, estimated 3% buyer's stamp duty, legal fees, valuation fee, stamp duty for mortgage etc.

Normally if you purchase a new EC during initial launch, it might be cheaper compared to balance units (pricing might adjust upwards due to market conditions).

So which EC are you looking at? Maybe you can share more information with me so I can further advise you.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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Tan Han Wei Leonard
Good day to you,

I understand that you are looking to own an EC.
I am sure the other agents have clarified your doubts. If not, feel free to contact me for a short discussion.

May I understand which EC are interested in?

Await your advice.

Best Regards,

Tan Han Wei, Leonard
ERA Realty Network Pte Ltd
 9150 1162 
Leonardtanhw@gmail.com
www.leonardtan-property.com Read More
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