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Hi,

The more pertinent issue will be the downpayment+stamp duties as SPR are required to pay ABSD of 5% for 1st property purchase. With the figures provided, you can consider a 1bedder at certain outskirt locations up to about 550k. Thanks and may I understand if there are other funds you will be willing to top up and expand your range of project options to consider? Thanks and hope to assist further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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Good morning buyer,

Do take note that you will require at least 28% of the purchase price as your initial outlay:

1) 5% cash and 15% CPF/ cash downpayment
2) 3% buyer's stamp duty and 5% additional buyer's stamp duty as SPR
4) other misc fees like legal fees, valuation fee etc

With your finances on hand, I am afraid you are only able to purchase a property that costs around $530k. You might only able to look at limited choices of studio units probably.

By the way, are both of you SPRs for at least 3 years? If not, you can consider resale HDB instead.

If you need further assistance or advice in your property purchase, feel free to contact me. Cheers!

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
(W): www.propertyavenue.com.sg Read More

Hi

Based on the information provided, you should be able to buy a private property with a purchase price of S$530,000.

If you are an SPR for more than 3 years, you may want to consider buying a HDB flat.

You may call me for a chat 9620 0882  7 or email to gavin.ng@orangetee.com

Gavin Read More

Hi,

Re: Our Preferred Experienced SG Professional

We can assist you based upon your stated contents and walk you through the entire process with options. Pls take note of the buyer stamp duty of 5%.

We arrange our pool of bankers to assist you for the housing loan matters.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Afternoon,

Assuming that you are looking at property of $700k, 5% ABSD and 5% cash down payment would sum up to $70k. 15% CPF downpayment would require around $105k which you are short of around $30k. Not forgetting the standard stamp duty. Hence, based on your capital outlay, provided you are granted 80% loan, you might have to look at 1 bedder.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Dear Sir,

It will be more worthwhile to get a resale HDB in a good location instead. With the financial figures you have provided, you can purchase a 4 room or 5 room resale flat comfortably in a matured estate.

It will be better as compared to purchase a 1 bedroom condo unit which will be much smaller in size.

Do feel free to contact me at 9644 4854  so that I can recommend you some good options.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.

We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

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