AskGuru Q&A Community

Good morning, you need to fulfill these before eligible to purchase a private property. Have you fulfill your flat's MOP? Is your household has at least a Singapore citizen? Because if your household is a SPR, you have to sell off your HDB within 6 months from condo purchase completion. If you are a SC household, you will be subject to 7% additional buyers stamp duty while a SC/ SPR household is subject to 10%. Thus you will need around $175k cash if you take into consideration 20% downpayment, estimated 3% buyer stamp duty, 7% absd, $3k legal fees, valuation fee, stamp duty for mortgage and your excess $170k cpf oa funds into consideration. Hope it helps. If you need any assistance in your property purchase, feel free to contact me. Cheers! YT Tan ECG Property 9111 5171  Yt.lovelyhomes@gmail.com Read More

Good day sir / madam ........assuming both you and spouse are singaporean ..........it could be possible to save the 7% ABSD by de-coupling ..........de-coupling is NOT divorced ..........addition condition ie lower income spouse solely is able to finance the hdb subject to MSR .......higher income spouse solely able to finance condo subject to TDSR ......contact me for more details .........chia_joanne@yahoo.com.sg............hp 8333 3327  joanne chia ..........huttons real estate Read More

Apologies for late reply cause Pguru doesn't notify us if anyone replies to our post. If both of you are Singapore citizen (7% ABSD) and you have excess $170k CPF OA funds after keeping aside minimum sum of $74k for each person, cash outlay should be around $170k. I can email you the financial plan that I drafted out if you are keen. If you never take your $170k CPF OA funds into consideration, yes the total cash outlay could be around $340k. Feel free to contact me if you need any clarification. Cheers! YT Tan ECG 9111 5171  yt.lovelyhomes@gmail.com Read More