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Good afternoon buyer,

If you are looking at a $600k new launch, you will require at least 28% of the purchase as a SPR.

1) 20% downpayment
2) estimated 3% buyer's stamp duty
3) 5% additional buyer's stamp duty as SPR

Thus you will require at least $168k for a $600k property.

Hope my sharing is beneficial to your property purchase.

How can I continue to value add in your purchase?

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 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi,

Say a 600k 1 bedder, typical breakdown for a SPR 1st property as follows:
Cash 5%
Cpf 15%
Stamp duties and legal fees approx 8%
Max bank loan 80%

Hence you're looking at about 28% of purchase price, which is about 168k (cash+cpf) within 12 weeks of booking unit. Which condo are you considering? Thanks and hope to value-add to your plans 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 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Evening,

A one bedder can easily set you aside for $600k. As SPR buyer, you will need to set aside 5% cash for ABSD. With 80% loan, you will also need to set aside 5% cash for down payment and 15% CPF on the balance. Hence, inclusive of legal and standard stamp duty, you will need to prepare around $100k cash, after deduction on your $70k CPF.

Do contact me further should you require my assistance.

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

Hi,
For a 700K condo, the estimated cash + CPF will be 200K.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

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