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Hi,

For a SPR 1st residential purchase, breakdown (of purchase price for eg. 900K) as follows:

5% cash 45K
15% cpf 135K
80% bank loan 720K
approx 8% stamp duties 72K
legal fees about 3K.

you can consider a purchase of about 900K, depending on location or age of condo, you might be able to get a 2 bedder good sized unit. the 250K you mentioned can cover most of the stamp duties and downpayment.

Is there a particular location you are keen on? May I understand your housing requirements further? Will be glad to share with you the value-buys available. Thanks and hope to speak soon.

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

Good evening,

Do let my banker advise you on your in principle approval first so you can gauge how much loan you can obtain.

Looking at your finances, you are financially capable to afford a $700k property provided you can obtain a 80% loan,

With a 80% bank loan, your initial outlay will be around 28% of purchase price.

1) 5% cash downpayment
2) 15% CPF OA funds downpayment
3) estimated 3% buyer's stamp duty
4) additional buyer's stamp duty
5) legal fees, valuation fee, stamp duty for mortgage etc.

All these will amount to estimated $196k.

Hope my explanation helps!

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

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi, have you got IPA from bank? Do you old a hdb? TDSR calculation will derive you loan quantum. Please drop me an email for me to share the details.

I am reachable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More