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Hi gurus,

I am a SPR with no previous property. I am interested in buying a small condo (1 or 2 room). I need some rough information on how much total cash(including cpf) that i need to fork out the first time(include everything, except bank loan) and what fee or tax that i need to pay regularly(either monthly or annually). Would appreciate if anybody would give me some infos. Thanks alot.
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3 Answers

Hi Mr. Andreas,

For SPR 1st condo purchase, breakdown as follows:
Cash 5%
Cpf 15%
Max bank loan 80%
Stamp duties & legal fees 8% approx

Monthly mortgage depends on price of property purchased. Thanks and hope to discuss further your requirements.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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Hi Andreas, why don't I get my banker to get in touch with you first?

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi Ms Lo,

The initial cash outlay for PR is as such:
Assuming 80% bank loan,
20% Cash ( 5% Cash & 15% CPF)
3% Buyer Stamp Duty
5% ABSD
Approx $3k legal fees

-Monthly installment = depends on Purchase Price
-Annual cost would be property tax

Perhaps you could furnish me with your requirements and finances on hand so that I can illustrate the financial computations and progressive payment to shortlist the projects in accordance for your consideration. At the same time, I will ensure I cover the entire procedural framework + latest transaction caveats for your understanding. To add, there is no agent fees involved, hence, I will guide you step by step and work closely on your purchase.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
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ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

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