Good morning Angie,
Is your spouse a Singaporean or SPR?
If he is a Singaporean, you guys are eligible for HDB loan, CPF housing grant etc.
If not, as SPR household you guys are eligible to take up bank loan only.
If you are eligible for max 80% loan, your initial outlay will be as such:
1) 5% cash downpayment
2) 15% CPF or cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% additional buyer's stamp duty as SPR
5) private legal fees
6) $200 valuation fee
7) $80 resale application fee
8) agent's commission (1% of purchase price plus GST)
CPF downpayment, stamp duties and legal fees can be paid by CPF OA funds. If dont have sufficient CPF OA funds then you have to pay in cash.
Probably you can share with me your finances (CPF OA funds and cash) on hand so I will be in a better position to advise you.
For your information, I am serving a malaysian SPR buyers in getting their ideal 4rm flat in Woodlands as well.
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
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