Good morning buyer,
Perhaps let me run through a full detailed financial plan with you first then we explore what are your options. Because of your $600k budget, you most likely wont be able to buy a desired unit.
ABSD applicable to you as SPR will be 5%.
Thus your initial outlay will be:
1) 5% cash downpayment
2) 15% cash or CPF downpayment
3) estimated 3% buyer's stamp duty
4) 5% ABSD
5) $3000 legal fees etc
So you need to have at least 28% of purchase price as initial outlay.
By the way, have you speak to any banker in regards to your in principle approval?
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YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
(M): +65 9111 5171
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