2 Answers

Hi Dan,

PR can buy condo. Below is the payment procedure that you need to take note

5% Cash needed
15% can be CPF, if is not enough can use cash
Above is the total minimum downpayment needed = 20% (assuming you are eligible for 80% loan)

Stamp duty tax for PR total will be 8% of property price less SGD 5,400.

Feel free to contact me for further discussion

Haris Lee
Associate Senior Marketing Director
Huttons Real Estate Group
R050046E Read More
Hi Dan,

As a SPR, you will need to pay the normal stamp duty of about 3% when purchasing and also a 5% Additional Buyer Stamp Duty (ABSD). You will also need to engage a lawyer to help you with the conveyancing of the purchase which will set you back by about $2,500 to $3,000. When taking a bank loan, you may also be required to purchase mortgage insurance.

Please feel free to contact me so that I can assist you to find out what is your eligible loan amount and draft up a financial plan for you. I have assisted many first time buyers like yourself and would be happy to guide you step by step through the purchase process!

Nick Tan
(M) +65 9644 4854 
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More