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Happy new year to you buyer.

As a SPR, you will require at least 28% of the purchase price as initial outlay for the purchase.

1) 5% cash downpayment
2) 15% CPF OA funds/ cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% ABSD
5) $2.5k legal fees
6) $500 stamp duty for mortgage
7) valuation fee etc

You will require at least $118k if you are able to obtain a 80% bank loan.

Hope my explanation helps!

If you need further assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi,

For SPR 1st property purchase, typical breakdown as follows:
Cash 5%
CPF 15%
Max Bank Loan 80%
Total Stamp Duties & Legal Fees Approx 8%

You will need about 200K (Cash + CPF) if you can obtain 80% bank loan for the purchase. How much loan you can get depends on your age, credit, income profile & any other loans you have at the moment. Thanks and hope to discuss further and value-add to your 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 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi
Let me assist you through the entire process to get your home.
Please kindly reach me via 91442664  .
Tricia Tan 91442664  Read More

Hi,

Income will be best established by a banker which can be proposed should you not have sufficient contacts. Firstly, it it essential to draw out the financial plan and timeline to understand your obligations of purchase.

Do get in touch for a non obligatory discussion for me to guide you exactly on the step by step procedural framework of your purchase, and chart the payment timeline / breakdown , to facilitate your purchase. To add , there is no agent fees and I will walk you through the entire process. Thank you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May/June/ July ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More

Hi,
The estimated cost for the down payment is around 200K (cash + CPF). I can show you the details break down.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More