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Hi,
It may be more beneficial to use your sole name for the purchase if you are a Singaporean as owning under joint name will incur 15% ABSD as your girlfriend is foreigner. Do call 94386522  or email dfsr2010@gmail.com to provide the details.
Thank you.
David PN Read More

Dear Wei Seng,

1) I propose to purchase just under your name if you are a Singaporean to avoid ABSD
2) The 15% can be cover by CPF if available, not necessary personal loan

You don’t really a lot of choices if buying under $600k, and I can show you a few such properties as I just shown some to my client just couple weeks ago.

Feel free to contact so that I can advise further and assist in your purchase.

Thanks and Regards
Johnny Goh
R018297H
Associate Group Director
OrangeTee.com Pte Ltd
Mobile: 9090 6267 
Email: johnny.goh@orangetee.com
www.johnny-goh.com Read More

Hi Wei Seng,

If you're a Singaporean, I strongly recommend you purchase the property under your sole name to save on ABSD.

However, if you plan to marry your girlfriend before the purchase, you can jointly purchase as you will qualify for first matrimonial home, thereby saving you the ABSD as well.

Purchasing a property requires proper financial planning, and a minimum 20% downpayment is required. Unless your income is very strong, you may not be able to borrow the 15% for the downpayment as the short term loan will eat into your TDSR.

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

Dear Wei Seng.

Standard will be
1. 5% cash
2. 15% cpf/cash
3. Balance 80% bank loan

Thus you need to look into part 2 and 3.

80% loan will be determine by your 60% TDSR and age. Thus it is better to seek out and get an Approval in Principle. How much loan you are able to obtain, and work backwards. On actual cash needed.

As for cpf. You can check if you have enough for the 15%

You will also need to factor in stamp duty.

As the scenario is not really clear. If its for investment purposes. Its better to get ready top units to generate rentals to cover monthly.

Please do drop me a line, as information is insufficient to properly advise you.

Shawn Chew
 9029 4371 
ERA Read More

Hi. Let me assist you.Have you gotten your IPA with bank? If you are still unclear of the entire process and payment schedule, let me run thru it with you.

You may reach me via 91442664  .
Best Regards,
Tricia Tan
 91442664 
Sms/Watsapp 91442664  Read More