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Morning,

Being SPR, you are required to sell off your HDB unit upon key collection of your condo. As for what purchase value fit your budget would depend if you are selling off your unit before getting a mortgage loan or getting a mortgage before selling your HDB unit. You will only be eligible for 50% loan if your HDB is still under mortgage. Sub LO will only be issued once you have produced the OTP for the sales of your unit.

Do contact me for further discussion.

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

Hi.
1) PRs flat owners would be required to sell their HDB flat within 6 months of acquisition of a local private residential property. Hence, you can't buy a private property without selling away your hdb. Reference: http://www.hdb.gov.sg/fi10/fi10325p.nsf/w/PrivatePtyEligibility?OpenDocument
2) With your budget & carry no Loan, you can actually purchase a $1.25Mil estimate. Can be stretch further if you release your HDB for sale. Not to fret as there are options like Dual Keys Units where owners can stay & concurrent rent out mini Studio without invading on each other's privacy. Its a smart layout to combat those cooling measures.
3) 5% cash deposit + 15% cash/CPF + 8% stamp duties Cash/CPF (PR are required to pay 3% + 5% Stamp Duties).

If you need more detail advise, do feel free to contact me. ;)
Happy CNY

Regards Jerry
HP: 9630 1615  Read More

Good afternoon buyer,

Great hearing from you!

FYI SPR household has to dispose off their HDB after they have collected keys for the condo. Only household with a Singaporean can hold on and rent out their HDB while staying in their condo.

As for your property purchase, you are eligible to loan up to 80% bank loan since you don't have any outstanding loan. You need to have around 28% of the purchase price ready.

1) 5% cash downpayment
2) 15% CPF/ cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% additional buyer's stamp duty as SPR
5) $3k legal fee
6) $1k valuation fee
7) $500 stamp duty for mortgage etc

With your cash on hand, you can afford a $1.25m property.

Hope my explanation helps!

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

YT Tan
 9111 5171 
yt.lovelyhomes@gmail.com
www.yttan.com Read More

Hi,

SPR households have to sell away their HDB within 6 months if they purchase a condo. You can't keep both. As for the purchase, breakdown as follows:

5% cash
15% cpf
80% max bank loan
8% stamp duties and legal fees approx

Total 28% payable within 8 weeks of booking of unit/OTP issued. This is on the basis that you sell away your HDB first before purchasing condo, otherwise your stamp duties will be higher than above. Thanks and may I assist your housing plans further?

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner, for me to very comprehensively chart out your financial calculations flow and for us to explore the available options and alternative.

Rest assured, I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks. Furthermore, since you are not liable to pay any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

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