4 Answers

Geryl Lim
Dear sir/madam,

I am working alongside a group of client just like you recently and we had a good discussion earlier this week to shortlist the projects which fits into what they have planned out for and will be visiting these projects tomorrow.

As an EP holder, assuming your nationality do not fall into the countries with existing FTA with Singapore, you will be subjected to 15% Additional Buyer's Stamp Duty on top of 3% Stamp Duty applicable to all buyers. In all, it is advisable to set aside around 40% of the purchase price in cash (20% for the downpayment) with some set aside for miscellaneous costs like conveyancing charges.

In addition, basing on your $8k income, assuming you have no other financial commitments, your estimated loan amount should be just above $1.161m with monthly repayment at about $3600. This calculation has been derived using the OCBC bank's online home loan calculator.

Please let me know if I have addressed your questions above. Get in touch with me in private if you need further clarifications.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team

Claim your free home report today at https://bit.ly/ClaimFreeReport.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

Room Rental @ https://www.facebook.com/SGRentARoom/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

0

YT Tan (陈永达)
Good evening buyer,

You will be eligible for max 80% bank loan (subject to 60% total debt servicing ratio) as you dont have any outstanding housing loan. Therefore you have to come out with 20% downpayment.

As a foreigner, you will be subject to 15% additional buyer's stamp duty on top of buyer's stamp duty [(3% x purchase price)- $5400].

In which, you will have to fork out at least 38% as your initial outlay.

For instance $380k for a $1m property.

Other expenses will be legal fees, valuation fee etc. Recurring expenses will be monthly maintenance fees and annual property tax.

Will you be able to get additional funds to purchase a private property now?

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

Warmest Regards,

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yt.tan91115171/ Read More

0

D. Kumar
Hi,

Thanks for your query!
Yes foreigners are eligible to purchase only private properties in Singapore. However, as a foreigner, the additional buyer stamp duty (ABSD) will be levied in your purchase.

The initial cash outlay :
20% Cash (5% Cash & 15% CPF)
80% Maximum Loan
3% Buyer Stamp Duty
15% ABSD
Legal Misc Fess
NO agent fees

Perhaps you could furnish me with your exact requirements and finances on hands to conduct the financial cash calculations/ progressive payments to reaffirm and shortlist the residences units you could otherwise consider. At the same time, I will take the opportunity to run through the key financial loan approval process, share some market insights/ provide you with recent sales transaction caveats and explain the entire procedural framework involved.

As mentioned earlier, there is no agent fees involved, hence my service and consultation comes at no cost ; and you are assured of being walked by step by step on the entire procedural framework - from technical matters to financial, legal matters and beyond.

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 ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More

0

Mani Subramanian Veeramani
Dear

Check it out...

"Buying property in Singapore as a foreigner"
https://goo.gl/OMFPM7

Read more...

https://www.linkedin.com/pulse/condo-buyers-guide-101-mani-subramanian-veeramani?trk=mp-author-card

https://www.linkedin.com/pulse/10-minutes-guide-buying-resale-condo-mani-subramanian-veeramani?trk=mp-author-card

https://www.linkedin.com/pulse/buying-new-launch-condo-8-easy-steps-explained-subramanian-veeramani?trk=mp-author-card

https://www.linkedin.com/pulse/condo-101-buyers-guide-mani-subramanian-veeramani?trk=mp-author-card

https://www.linkedin.com/pulse/top-7-primary-schools-affordable-condos-nearby-subramanian-veeramani?trk=mp-author-card

https://www.linkedin.com/pulse/download-checklist-buyers-hdbeccondo-mani-subramanian-veeramani?trk=mp-author-card

There is so much other important information that you should know…
First I educate my buyers and sellers, help them to make an informed decision.
That’s why there are more than 12,234+Fans following me on LinkedIn
https://www.linkedin.com/in/AskRealtorMani http://bit.ly/AskRealtorMani

Check it out these 458+ posts, contains useful guides & tips, etc.
https://www.linkedin.com/in/AskRealtorMani/recent-activity/posts/
DOWNLOAD, “The Ultimate Home Buyer’s-Seller’s Guide”
https://goo.gl/bdsQDS forward/share this link with your Facebook friends as well.

Mani
Connect & Follow https://www.linkedin.com/in/AskRealtorMani
Questions? #AskRealtorMani Call/SMS/WhatsApp +65 8300 4411 Help@AskRealtor.sg
Live Chat: https://www.linkedin.com/messaging/compose
https://www.facebook.com/AskREALTOR.sg/messages/ Read More

0