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Good afternoon Nicole,

Assuming a 850k purchase price, and you qualify for a 75% max loan, and its your 1st residential property as follows:

Downpayment 25% cash 212.5k
Stamp duties (ABSD+BSD) and legal fees 23% cash 192.6k
Max loan 75% 637.5k

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
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SMU BBM (Finance), Magna Cum Laude
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you. Read More

Hi Nicole, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. The foreigner additional stamp duty will be at 23%.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Ms Teoh;

Your breakdown for a $850k property will be as such :-

25% cash = $212,500 ( assuming your are eligible for max 75% loan)
Stamp duty = $190,100
Legal Fees = $2,500

And depending on whether you are buying a resale unit or a new launch, there are other costs involved as well for resale unit. I have a few new launch that is 2 bdrms below $850k and some are ready to move in soon.. Feel free to contact me so I can share more with you. Thanks

Regards;
Lyna Song
 9623 8422 
Associate Group Director
Propnex Realty Pte Ltd
lynasong@hotmail.com Read More

Hi Nicole, Do contact me at 97970200  to discuss more on the process and more advice on low interest rates
25% cash - $212,500 ( subjected to eligibility for 75% loan)
Stamp duty - $190,100
Legal Fees - $2,500

Mark, your RIGHT choice
Propnex Read More

Hi Sir
For deposit wise, assuming you managed to secure a 75% loan, the breakdown is as below:
Deposit 25%: $212,500
Stamp Duty (BSD and ABSD): $190,100
Legal Fees: $2500 to $3000 (est)

The 75% balance of $637,500 can be financed using home loan. Do contact me at 93375051  for a free and non obligatory consultation on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi Sir
For deposit wise, assuming you managed to secure a 75% loan, the breakdown is as below:
Deposit 25%: $212,500
Stamp Duty (BSD and ABSD): $190,100
Legal Fees: $2500 to $3000 (est)

The 75% balance of $637,500 can be financed using home loan. Do contact me at 93375051  for a free and non obligatory consultation on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi Sir
For deposit wise, assuming you managed to secure a 75% loan, the breakdown is as below:
Deposit 25%: $212,500
Stamp Duty (BSD and ABSD): $190,100
Legal Fees: $2500 to $3000 (est)

The 75% balance of $637,500 can be financed using home loan. Do contact me at 93375051  for a free and non obligatory consultation on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi Sir
For deposit wise, assuming you managed to secure a 75% loan, the breakdown is as below:
Deposit 25%: $212,500
Stamp Duty (BSD and ABSD): $190,100
Legal Fees: $2500 to $3000 (est)

The 75% balance of $637,500 can be financed using home loan. Do contact me at 93375051  for a free and non obligatory consultation on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi Ms. Nicole,

Whether you are applying any mortgage loan, the following expenses are needed based on the $850,000:
1) Buyer stamp duty : $20,100
2) Additional Buyer stamp Duty: $170,000 unless your nationality are one of the five countries which has Free Trade Agreement with Singapore:
United States, Norway, Iceland, Liechtenstein and Switzerland. You shall be exempted from this Additional Buyer Stamp Duty if your current residence status belongs to any of these mentioned countries.
3) Legal Fee : $2,500~$3,000 dependent on individual law firm charges.

Payment on the unit:
Since your intention of purchase is a resale condominium, the whole process shall be around 12 weeks.
1% (cash) upon booking of unit,
4% (cash) to exercise OTP (option to Purchase) within 14 or 12 days dependent on the OTP offered from seller.
90% pay on completion day (12 weeks from receiving OTP). You shall also receive your keys on completion day.
Your lawyer supposed to advise you on the payment mode, such as cashier order or bank TT etc.

It is best you could use cashier order to make your 1% payment so as to have the proof payment rather than handover cash. You are supposed to handover the cashier order to seller and not the agent.
As a precaution, you can ask for the evidence of ownership.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More

Hi Nicole,

Here's the breakdown of the total cost of purchase:

Property price:: $850,000
Buyer Stamp Duty: $20,100
Additional Buyer Stamp Duty: $190,100
Legal Fee: $2,500
Total Cost: $1,062,700.

Should you wish to take a loan on the property, the maximum loan you could qualify for would be 75%. Breakdown as follows:

Property price:: $850,000
Max Loan (75%): $637,500
Downpayment (25%): $212,500
Buyer Stamp Duty: $20,100
Additional Buyer Stamp Duty: $190,100
Legal Fee: $2,500
Total Cost: $425,200

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Dear client
Good day to you! I would be more than happy to assist you in your house process. I have a system whereby i can churn out a report based on your requirements.

Please allow me to assist you by sending a detailed report on the available listings that is currently on the market that suit your requirements. I will also explain to you on the current property market outlook in order for you to understand why many people are taking action in today's market and the criterias when buying a private property with great potential up side.

Feel free to give me a call at 81255537  or email me anytime. Hope to hear from you soon!

Warmest Regards
Thea 81255537 
thea@theahoi.com Read More