3 Answers

YT Tan (陈永达)
Evening Vijay,

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?

Warmest Regards,
YT TAN | ACCA Graduate
Senior District Manager
(M): 9111 5171
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
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Julius WL Fock
Dear Mr.Vijay

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/-

Loan 80%

Please contact me to discuss further how we could acheive your objectives.

(Sales Director)
julius@sri5000.com (SRI5000) "Its all about the Experience"

My Web:
www.sgcondolaunches.com Read More


Aaron Chong
Hi Vijay

May I suggest Boathouse Residences? It is about 10 mins walk from Hougang area with high ceiling of 4.2m. Cheers!

9730 8455
aaronchong2774@yahoo.com.sg Read More