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Hi Bella, do contact me at 97970200  to discuss more

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Hi Bella,

The typical breakdown of a foreigner's 1st purchase of residential property (above $1million purchase price) as follows:

Cash 20%
Max Bank Loan 80%
Stamp Duties (Buyer Stamp Duties + Additional Buyer Stamp Duties) and Legal Fees Total Approx 19% (4%+15%)

If you have been based in Singapore for some time, it is easier to obtain max 80% bank loan financing. Typically its less than that. Foreigners are eligible for most condominium developments.

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
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Hi Bella,

As a foreigner, you will need to set aside Cash of about 38% (20% downpayment + approx 18% Stamp duties) of the property purchase price. The maximum loan you are eligible for would be 80%.

The procedure would be slightly different when buying a resale condo or a new launch condo. It is advisable for us to have a more in-depth discussion on your property purchase.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Belle

The space on this post will not be able to accommodate a detail explanation of the process of buying a condominium.
It probably will take about 3-5 pages of A4 paper to cover the topic.

Suffice to say that the transaction does come in 3 stages 1) Option, 2) Sales Agreement and 3) Completion.

Taxation will be The Buyer Stamp Duty, Additional Buyer Stamp Duty, Property Tax, Seller Stamp Duty. As a foreigner, you probably would want to know whether there is a Capital Gain Tax or Inheritance Tax.

A smart thing to do is to appoint an agent to represent you in your purchase as you do not need to pay a commission. Besides, you can leverage on his knowledge and experience.

Should you need assistance, you may write to gavin.ng@orangetee.com Read More

Hi Chandra Ji,

Good day to you! Thank you for your query. As a foreigner , please take note you will be liable for 15% additional buyer stamp duty , in addition to a standard buyer stamp duty of 3% (<$1mil). The initial cash outlay :
5% Cash
15% CPF , Total 20% downpayment

I am currently assisting a number of foreign clients and will be glad to go over the entire procedure in depth. From financial calculations , to planning timeline , shortlisting projects for your perusal to explaining the entire admin : legal avenues. At the same time , I will be able to shed a greater insight to the market and share transaction caveats customised report for your understanding. Please do contact me for further assistance and looking forward to value adding your purchase.

Please visit my website : www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!

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%)
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Hi Bu Bella

I have assisted many Indonesian buyer for their property purchase in Singapore

If you can secure 80% loan, cash will be 20% plus stamp duty payable and lawyer fee
Stamp duty will be 3%-$5400 for property below $1 mill
Stamp duty will be 4%-$15400 for property above $1 mill
Additional stamp duty will be 15% for foreigner will be applicable

Untuk mendapatkan cicilan dari bank local di Singapore, biasa ditentukan dari penghasilan di Singapore
Kalau tidak ada penghasilan di Singapore bisa dengan cara lain
Saya bisa kenalkan dengan banker yang berpengalaman

Please contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a for details of the buying process and details calculation (no obligation)
Tidak ada agent fee dari buyer untuk pembelian condo di Singapore :)

Thank you

Warmest regards,

Silvia Yogisaputra (Silvia Yang)

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

Hi Bella, yes a foreigner can also take up a loan of between 70 to 80% of the purchase price. The stamp duty payable is at 18%. Pls feel free to let me know if you need any assistance.

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

Good evening Bella,

You need to fork out estimated 38 to 39% of the purchase price if you are able to obtain max 80% bank loan (based on your foreign income).

Breakdown:
1) 20% downpayment
2) estimated 3 to 4% buyer's stamp duty
3) 15% additional buyer's stamp duty as foreigner
4) legal fees varies around $3k
5) mortgage stamp duty $500 (if taking loan)
6) valuation fee etc

Procedure varies between buying a resale or brand new unit from developer.

Resale:
1) agree on price and gives 1% of agreed price (option fee) to seller in exchange for option to purchase (OTP). Must exercise OTP with 4% exercise fee within 2 weeks.
2) Once exercise OTP, kick starts 10 to 12 weeks completion period. Need to pay stamp duties within 2 weeks from exercise. Balance 15% downpayment is payable on or before completion date.

Developer unit:
1) Book unit with 5% booking fee (option date). Kickstarts 2 weeks option period. Developer will mail out sales and purchase agreement (S&P) within this 2 weeks and it has to be exercised within 3 weeks from receipt.
2) Pay stamp duties within 2 weeks from exercise and pay balance 15% downpayment 8 weeks from option date.

Hope my sharing aids in clearing your doubts.

May I know how can I value add further and make your purchase seamlessly as foreigner in Singapore?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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