If you no longer have an outstanding housing loan, you have to fork out at least 20% downpayment (5% cash, 15% cpf).
- buyer's stamp duty (3% x purchase price) - $5400
- legal fees of $3k
- mortgage stamp duty of $550
Btw what are the developments you have in mind?
YT TAN | ACCA Graduate
Senior District Manager
(M): 9111 5171
ECG Property Pte Ltd Read More
Assuming you do not have any loan with the bank pertaining to any SG property.
MAS guideline is that you have to fork out
5% Cash 15% cpf (20% Total of the Valuation price)
3% Buyer stamp duty of the Price you bought at Example:
$1million (Formula $1mill x 3% -$5400=$26,400/-)
ABSD=5% (SPR) $50,000/-)
Conveyancing fees Approximately $3000/-
Cash Component required=$50,000(5% downpayment)
Stamp duty =$26,400(3%-$5400)
ABSD =$50,000(5% of purchase price)
Legal conveyancing =$3000
Cash Total outlay =$129,400/- (Purchase price $1million)
Cpf Total outlay =$150,000/-(15% of Purchase price)
Grand Total =$279,400/-
Please contact me to discuss further how we could acheive your objectives.
email@example.com (SRI5000) "Its all about the Experience"
www.sgcondolaunches.com Read More
May I suggest Boathouse Residences? It is about 10 mins walk from Hougang area with high ceiling of 4.2m. Cheers!
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