Hi Mr. Peter,
For a 2 bedroom condo, SPR-SPR household holding an existing HDB, using $1m as a purchase price, the breakdown is as follows:
1) 5% cash
2) 15% CPF
3) 80% bank loan (if eligible)
4) Buyer Stamp Duties of about 3%
5) Additional Buyer Stamp Duties of 10%
and you have to sell your HDB within 6 months of moving in to condo.
For a 2nd-hand condo, typically the units are more spacious but the maintenance may not be as ideal. For newer projects, the facilities are more unique and up-to-date but units could be smaller, and it is more likely to sell at a better price since there is a longer lease tenure left.
It also depends on location, proximity to amenities etc. It will be great if I could speak to you to understand your requirements better, and recommend some ideal projects. Thank you!
Warm Regards,
Ivan Ng
Proactive. Sincerity. Feedback.
Website: www.ivanng10.com/sgnewprop
Email: Ivanng10@gmail.com
Contact:
(+65) 97432395
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
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