Hello!
Good day to you!
I’m Daniel Tan from Huttons.
As a Singapore Citizen, you are open to all types of private properties, from typical condo/apartment to landed property.
Depending on the property type and requirements you are interested in, the price of the private apartment varies greatly. Therefore as a general guide, we will use 1 Million as a guide price.
1. Downpayment of property - 20% (S$200K: 5% Cash + 15% Cash/CPF), 80% loan
2. Buyer Stamp Duty - 3% minus S$5,400 (S$24.6K Cash first, CPF reimburse)
3. Additional Buyer Stamp Duty - 0% (Local 1st property)
4. Legal fees/ Others - ~S$3K
Therefore the overall initial upfront payment will be around S$230K for a S$1M property.
Looking to get a property? Please contact me. Hope to assist you in finding you home.
Hear from you soon.
Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.
Have a great day ahead.
Best Regards
Daniel Tan
Huttons Asia Pte Ltd
(+65) 94775100
daniel.tck@outlook.com
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