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Good morning Daniel,

Yes SPR are allowed to purchase a resale HDB but only with a SC or SPR spouse. If it's a SPR household, both parties must be SPR of at least 3 years before they are eligible.

1) It's still possible to purchase a 2 bedders but it's a new launch probably.

2) Initial outlay for a foreigner & SPR buyers:
- 20% downpayment provided you can obtain 80% bank loan
- estimated 3% buyer's stamp duty
- 15% additional buyer's stamp duty (because you are a foreigner) or 5% ABSD if purchase solely under wife's name.
- $3k legal fee
- $500 stamp duty for mortgage
- valuation fee etc

3) $196k + if purchase solely under wife's name or $266k if purchase under both names.

Hope my explanation helps!

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

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi,

Yes may you will be able to purchase a 2 bedroom unit in that budget, mainly influenced by the location.

Briefly:
Assuming a 80% loan,
20% down payment :
5% Cash
15% CPF / Or Cash

Buyer stamp duty 3%
ABSD 5% for PR solely or 15% for foreigners

To kickstart,
(1) We may need to catch up and speak more in details to understand what exactly you are looking for in your ideal home.

(2) Run you through the financial cash flow calculations
(Utilization of Cash/ CPF and breakdown of payments)

Go over progressive payments and timeline of payments

(3) Have your In Principal Approval (IPA) assessed and done-
By my network of bankers at no cost.

(4) Once loan has been approved, financial calculations are well understood- I will succinctly propose developments and units to view for your consideration.

(5) Once you have identified your ideal unit, I will step in and help you negotiate for the best possible deal.

A transaction report will be made available to you prior offer stage, so that you can study the transaction caveats of the development and surrounding properties for a greater in depth analysis of the market to ensure you are indeed making the RIGHT offer! A comprehensive customized price analysis chart illustration specific to your chosen property will also be provided to aid in your understating.

(6) Following that, post deal paperwork will be handled by myself. I will also coordinate and guide you on the legal procedures for the purchase.

Purchasing a property is likened to an investment in a priced asset and as such, it requires critical and well thought through analysis and rationale before committing. As I specialize and am very active in the private property market, I would like to extend my services to represent you in your purchase which does not make you liable for any fees and essentially means that you pay nothing for my service and consultation but are assured of me handling the entire technicalities of the purchase to best protect and maximize your interest.

If you are comfortable with working with me for your real estate needs, I will be most glad to render my services, advise and expertise accordingly and go over all the procedures and regulations involved so that your purchase intention can be taken to the next level.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

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

About Me-
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
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