AskGuru Q&A Community

Hi,

Yes its possible but is your name currently under another property ownership? If so, the tax rates and eligibility conditions may differ.

If not, since you have no outstanding property now, you can only purchase freehold/99-year leasehold condo developments as sole SPR buyer. Breakdown of purchase price as follows:

Cash 5%
CPF 15%
Max Bank Loan 80%
Stamp duties (BSD+ABSD) and legal fees 8%

Thanks and may I understand your housing requirements befor further value-adding? Thanks and hope to have the opportunity to work with you.

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Good evening Phyu,

You are definitely able to purchase a private property sole under your name but do take note that you will be subject to 5% additional buyer's stamp duty as a SPR.

How much finances (cash and CPF OA funds) do you have on hand to finance the initial outlay of 28% (provided you can obtain a 80% loan)?

1) 5% cash downpayment
2) 15% CPF OA funds/ cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% ABSD
5) $3k legal fees
6) valuation fee, stamp duty for mortgage etc.

Can I ask my banker to advise you on your in principle approval first so you can gauge how much loan can you obtain.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Property Avenue Pte. Ltd.
Vice President (Agency)
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Evening,

You can achieve that by buying private property. However, as SPR, you will be liable for 5% ABSD.

Do contact me so that I can assist you accordingly.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi there!

Just a brief financial overview of your purchase-

Based on 80% loan of purchase price, 20% cash payable of which:
15% CPF
5% Cash

You would be liable for :
-Buyer Stamp Duty 3%
-Additional Stamp Duty 5% for PR
-Legal fees misc

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner, for me to very comprehensively chart out your financial calculations flow and for us to explore the available options and alternative. Good news- there are many starbuy and discounts available!

Rest assured, I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks. Furthermore, since you are not liable to pay any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

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

P Group-
2014 Overall Top Achievers
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More

Hi. You can buy pte property under your own name. No issues. Firstly, will need to understand your financials details. Do give me a call at 91442664  so I can do a detailed financial breakdown for you.
Look forward to assisting you.
Tricia Tan
www.triciatan.myweb.sg Read More

Hi,
Private condo is the choice. The cost breakdown are

Down payment 20%
- cash min 5%
- CPF 15%
- Stamp fee 3% + ABSD 5%
- Legal fee around 3k

Balance
- max loan 80%

For me to assist and advise you on the indicative prices, please drop me an email for me to gather your requirement.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More