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Hi, I am a Single PR and my families are Long term pass here. Im 36 years old now. Am I eligible to buy a HDB or EC condo? If not I wanted to buy a Condo. How much do I need to cash out for first time buying property? And when is the best time to buy a property? I can wait if necessary. Would appreciate if you could breakdown.
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5 Answers

GAN ENG JOO ONASSIS
Hi Mr Anup,

Re: Our Preferred Experienced SG Realtor

The question is whether you have any property you keen now? There no reason to stop you from purchase a house of your own. Nobody have a crystal ball to tell you the future market movements.

You are eligible to buy condo with 5% additional buyer stamp duities.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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Hi,

You are not eligible for HDB or EC. You can apply for any new or resale private condo developments. For SPR 1st property purchase, typical breakdown as follows:
Cash 5%
Cpf 15%
Stamp duties & legal 8% approx
Max bank loan 80%

If your CPF monies is not sufficient, it will have to be top up by cash. Thanks and hope to understand your requirements and value-add further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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(Client's Testimonials) Read More
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YT Tan (陈永达)
Good morning Anup,

I am afraid to inform you that you are not eligible to purchase resale HDB or new EC as a single SPR but you are eligible to purchase private condos/ apartments and resale EC.

Your initial outlay will be as such if you are able to obtain 80% bank loan:

1) 5% cash downpayment
2) 15% CPF or cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% additional buyer's stamp duty as SPR
5) $2.5k legal fees
6) $500 stamp for mortgage
7) valuation fee etc

Probably you can share how much finances (CPF OA funds and cash) you have on hand so I will be in a better position to advise and assist you.

Hope to hear from you soon!

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 
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(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More
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Afternoon,

Given your current status, you would only be eligible to purchase private property. Assuming that your income and credit status is good, you should be able to obtain 80% loan. 5% cash is required for downpayment and balance 15% can be paid using CPF OA. ABSD for SPR buyer is 5%, on top of standard stamp duty of 3%. Legal fee would sum up to approximately $3500.

Do contact me further should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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John Tan 奕欣
Hi there Mr Anup!

You will be able to go for Private Condo/Apartments.

Assuming $1mil property and you being able to take 80% bank loan.

5% cash $50k
15% Cash $150k
8% Stamp duty as SPR buying 1st property $80k
Other misc fees $3-5k

Hope this helps!

John Tan YS
ERA Realty Network Pte Ltd
R012788H
facebook.com/johntys
powersginvest.com
 +65 9633 8431  Read More
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