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Good morning Sir/ Mdm,

let me work the numbers out for you if you are eligible for 75% max bank loan (Estimate $614k based on your income):

- 5% cash
- 20% downpayment
- 3% buyer's stamp duty
- additional buyer's stamp duty will be applicable if you are SPR or foreigner.
- legal fees $3k

Typically you need to have 28 to 29% of purchase price as upfront payment.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
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Email: yt.tan91115171@gmail.com

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Hi,

The minimum downpayment for condo purchase is 25%, out of which 5% has to be in Cash. This is assuming you qualify for the max 75% loan.

As to whether you can qualify for the loan, your age, income and liabilities will be taken in for TDSR assessment.

Do contact me for a detailed breakdown by providing me your age as well.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More