Amount of downpayment will depends on how much bank loan you can obtain based on your gross income, age etc.
If you can obtain max 75% bank loan, downpayment will be minimum 5% cash and balance 20% can be in either cash or cpf.
Other costs will be:
- buyer's stamp duty
- additional buyer's stamp duty if applicable
- legal fees etc
Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner
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1. Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508 and I can share you the breakdown for this calculation including timeline.
2. Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
3. How many bedrooms are you looking at?
I have current price list, promo of every projects in Singapore and will be glad to advise you
I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More