7 Answers

Ivan Ng
Hi,

Yes 5% is still required. Its a minimum cash requirement as stipulated by MAS for residential property purchase. 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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(Client's Testimonials)

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Shawn Chew
HI

Yes, it is mandatory for the 5% as stipulated by MAS

However you may have 1 misconceptions as under normal buying circumstances, buyer dont pay agent comm for private properties, be it new or resale.

Beside the Buyer Stamp Duty, for 1st property
standard will be 5% cash
15% cash/cpf
balance loan

if its your 2nd property loan, a different set of rules applies for bank loan.

however some seller might have different set of rules, require higher upfront. but 1 thing for certain is that bank can only loan up to 80% depending on your TDSR.

Shawn
90294371
shawnchewproperties@gmail.com
www.shawnchew.com Read More

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D. Kumar
Hi,

5% is mandatory , in lines with MAS regulations.
Perhaps you can contact me at 96659926 for a non obligatory discussion for me to understand your requirements , specifications as well as finances on hand (Cash/CPF amalgamation) to be in a better position to conduct the financial calculations plan with payment breakdown timeline - in order to shortlist and construct a customised list of units in line with your requirements to explore, for you perusal.

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

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
2014-2017 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2017 Read More

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Mark Ng S W
Hi do contact me at 97970200 to discuss more

Mark, your RIGHT choice
MCG Read More

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Aaron Chong
Hi, for purchasing of a private property, the buyer like yourself does not need to pay any commission to his or her agent. Pls feel free to let me know if you need any assistance.

Regards
Aaron
9730 8455
aaronchong2774@yahoo.com.sg Read More

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Nick Tan
Dear Sir/Mdm,

When buying a condo in the resale market, you need to prepare 5% cash as well as the stamp duty in cash. For the stamp duty, you will need to pay in cash first before getting a reimbursement from CPF if your CPF has enough funds. The payment timeline for resale purchase is abit different from buying a new condo as it is staggered.

Please feel free to contact me so that I can understand your requirements better and provide you with further assistance and guide you thru the process!

Regards,
Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients (2016/2017)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

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Silvia Yang
Hi Sir/Mdm

Please contact me at (65) 96608508 or Silviayang8@gmail.com for non-obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More

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