2 Answers

Lyna Song
Replied
Hi Mrs Lim;

Yes,if you currently have outstanding home loan,your next purchase are only eligible for 50% home loan.For condo under construction,its by Normal Progressive Payment Scheme.The other cost that you need to bear in mind is the Additional Buyer Stamp Duty(ABSD) of 7%.I have the perfect project for you! Great investment with high potential rental yield.Just 2 mins walk to MRT and within 1km to Maris Stella School.Price from $6xxK only !! Cheapest new launch in city fringe area.Please feel free to contact me for more info.Thank you..

Regards;
Lyna ERA
Developer's sales team
 9623 8442 
lynasong@hotmail.com Read More
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YT Tan (陈永达)
Replied
Afternoon Mrs Lim,

You are absolutely right that you are only eligible for 50% bank loan (25% cash 25% CPF) if you still have outstanding loan. (cash if shortfall in CPF). but you have to take note that if your loan tenure exceeds 30 years or retirement age of 65 years old, loan will only be 30%.

Costs will be ABSD of 7% on top of the usual BSD (3% x purchase price) -$5400), legal fees of $3k, mortgage stamp duty of $550.

Hope it helps!

Warmest Regards,
YT TAN | ACCA Graduate
Senior District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More
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