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Hi Fedi,

For all property purchases via bank loan, the purchasers will be required to have at least 25% of the purchase price available for the downpayment where minimum 5% of the funds must be in cash and remaining can be in CPF or mixture of CPF and cash.

Do take note that since you are a SPR and your partner is a foreigner, you will be subjected to Additional Buyer's Stamp Duty of 20% of the purchase price on top of normal Buyer's Stamp Duty of 4%-$15,400 or 3%-$5,400 depending on the purchase price. On top of that, both of you will only be eligible to purchase private residential properties.

There will also be some miscellaneous fees involved like legal fees.

Supposed you have successfully obtained your citizenship, you will be eligible to purchase HDB under the non-citizen spouse scheme. On top of that if you were to purchase a private property as a married couple, you may apply for remission of the Additional Buyer's Stamp Duty, if this is both your first residential property in Singapore. Home ownership must be in both husband and wife name to qualify for remission.

Hope the above helps.

I have been in the real estate business since 2009, with more than 12 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Hi Fedi,

1) SPR + FR can only purchase private residences (condos). You can apply for a bank loan to assist in your purchase.
2) The maximum loan from the bank is 75% LTV (Loan-To-Value), meaning this is 75% of the valuation value of the property.
3) 25% down payment; 5% must be in cash, 20% can be cash and/or CPF.
4) You are subject to a 20% Additional buyer stamp duty and ~3% buyer stamp duty for a property at S$1M or lower, ~4% buyer stamp duty for property value above S$1M.
5) Legal fees of ~S$2.5k

6) SPR + SPR (both must hold this SPR status for a minimum of 3 yrs) is eligible to consider resale HDB flat.
7) Bank loan is the same as private residences (condo).
8) You are subject to a 5% Additional buyer stamp duty and ~3% buyer stamp duty for a property at S$1M or lower, ~4% buyer stamp duty for property value above S$1M.
9) Legal fees of ~S$2.5k.

10) SC + FR is eligible for resale HDB flat.
11) You may apply for an HDB loan or bank loan.
12) HDB loan is 90% LTV, 10% down payment; all can be in CPF. Shorforth can be top up using cash.
13) You can also apply for a grant of half-family grant ($25k) when buying under the Non-Citizen Spouse scheme.
14) You are subject to buyer stamp duty only. The rate is as above.

15) SC + SPR is also eligible for resale HDB flat or BTO.
16) Loan is the same as (11).
17) The grant available will be higher; a family grant of $40k when buying under the Public Scheme.
18) Only subject to buyer stamp duty.
19) In the future, you can also apply for a top-up grant ($10k) when your spouse receives her citizenship.
20) There is no grant if applying for BTO because the selling price is considered to be inclusive of subsidy.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi Fedi,

I regret to inform you that you're not eligible to purchase a HDB flat, as you do not qualify under one of the Eligibility Schemes. Based on your profile, you can only consider private housing.

In terms of downpayment, you will need to set aside at least 25% of the property purchase price in Cash (min 5%) and CPF. Do take note that ABSD (either 5% if purchase under your sole name, or 20% if purchased under joint-names) applies, on top of the normal BSD (approx 4%).

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More