4 Answers

Aaron Chong
Hi, do also note that as a PR purchasing for your 1st property, the total stamp duty payable will be at 8%. Pls feel free to let me know if you need any banker’s contact or any other assistance.

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

0

Robbie Chen Chee Howe
Hi,

The amount you will be able to loan depends not only on your income, but also your age and your TDSR.

Without these information, nobody will be able to correctly advise you on the financial calculations for your purchase.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More

0

YT Tan (陈永达)
Good afternoon buyer,

Happy 2018 to you!

Based on your monthly income of $5.5k, you are able to loan up to max $1,168,000 if you are able to take up 30 years loan and you dont have any debts like car loan, credit cards etc.

Loan is subject to max loan tenure of 30 years or up to retirement age of 65 years old and total debt servicing ratio.

Therefore your 20% downpayment will be 5% cash and 15% cash or cpf.

On top of that do take note that as a SPR, you will be subject to additional buyer's stamp duty of 5%. Total 8%.

Hope my explanation helps!

May I know how can I value add further in your property purchase?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171
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0

Shawn Khoo
Hey there,
First and foremost, I congrats you on the decision to purchase a property in Singapore. Singapore Property will definitely one of the most secured investment instrument.
For Private property such a Condo, the typical mortgage loan is maximum 80%. The down-payment 20% are be combination of CPF & Cash (Min 5%).
There are some factors you need to take note:
1. TDSR (Total Debts Servicing Ratio): You are only allowed to use up to 60% of your monthly to pay for your monthly Mortgage instalment.
2. Your current Age: This will affect your mortgage Tenure (how many years to fully repay the mortgage loan)
3. ABSD (Additional Buyers Stamp Duties): As you are on SPR Status, you are required to pay 5% ABSD for your 1st property. This is on top of the 5% BSD (Buyer Stamp Duties). In all, you need to prepare 8% of the purchase price for the duties.
It is difficult for me to provide you with further information as the details you provided are limited. It will be great that we can meet up/call to discuss further, so I can provide you with more accurate information before you make any decision.
Hope the above address to your concern, but if there are more queries, please feel free to call/WhatsApp me at 9366 1846, or email: shawnkhooch@gmail.com if more information is needed.
I’m obliged to assist your needs.

Warm Regards,
Shawn Khoo
PNG Propnex
BA Design (Hons), DIP Architecture

Email: shawnkhooch@gmail.com
Contact: (+65) 9366 1846
Whatapps: (+65) 9366 1846
Facebook Page: www.facebook.com/shawnkhoo
Website: http://www.shawnkhoo.com
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