AskGuru Q&A Community

Hi,

Based on the limited details shared, for singaporean citizen's 2nd residential property and 2nd outstanding home loan, typical purchase breakdown as follows:

Cash 25%
CPF OA 30%
Max bank home loan 45%
Stamp duties approx 15% (BSD+ABSD)
Legal fees approx 3k

It works out to about 350k cash+cpf in total for the upfront payment. Do note ABSD applies for 2nd property, and cpf restrictions apply as its 2nd property purchase.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Top 600 Achievers in Year 2017 (Top 10%)
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SMU BBM (Finance), Magna Cum Laude
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Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

We're looking to find an investment property next and will be glad to work with Ivan again for the long-term to restructure our property portfolio. He has become a friend now, and we are most happy to recommend his professional services to our loved ones and friends. Read More

Hi Sir/Madam

1. Are you looking to buy a resale or BUC condo? As the procedure/payment time line will be different
2. Is your first property fully paid? If yes, you can loan max 75%.
If you still have outstanding home loan, your max loan will be max 45%.
I will be glad to connect you to reputable bankers to check on your loan, no obligation and foc
3. Please take note 2nd property ABSD will apply (ABSD amount will be depend on your nationality)

Any area that you prefer?
I will be glad to assist you for your private property purchase, no agent fee from buyer

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Dear Sir/Mdm,

If you have an existing loan on your current property, then the maximum that you can loan is 45% of the valuation price or the selling price, whichever is lower. Then the remaining 55%, 25% will need to be in cash, and 30% can be in CPF. If you do not have enough CPF, then you can top up the difference in cash as well. If the selling price is above the valuation, then the difference will also have to be paid in cash.

If you have fully paid up your current property, then you can still loan up to 75% of the valuation price or selling price, whichever is lower. Then the remaining 5% will be in cash and 20% in CPF.

The thing to note here will be your Additional Buyer Stamp Duty (ABSD). As this is your second property, the ABSD rates are as follows
1. For Singapore Citizen, 12%. of the purchase price.
2. For Singapore PR, 15% of the purchase price.
3. For Foreigners, 20% of the purchase price.

Do also note that this ABSD is on top of the normal Buyer Stamp Duty we need to pay. Hope this clarifies your query and do feel free to contact me if you have anymore questions or uncertainties that you need to clear. Thanks.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Senior Associate District Director (Sincerus Division)
Training Director (Navis Living Group)
NAVIS Living Group - The fastest growing group in OrangeTee that believes in Technology, Training & Teamwork (3Ts)

Founder of Sincerus Division
SAEA Real Estate Excellence Silver Award - Best Client Service (2014)
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Mobile : +65 9858 1322 
Email : hengjeffrey@gmail.com
Web : www.sgpropertyadvisers.com Read More

Hi,

I can assist you in your financial calculation for your next purchase. Besides, i will be able to provide you with insights on your purchase as well.

Drop me a message @ 81184108  .

Regards,
Nicholas Read More

Dear Sir/Mdm,

The maximum loan amount that you are eligible for will depend on whether your current property is fully paid up. If it is fully paid up, you will be able to get 75% loan, if there is still an outstanding loan then you will only be eligible for 45%.

There are restrictions in your CPF usage as well and also you will be liable for a 12% Additional Buyer Stamp Duty.

Please feel free to contact me so that I can help you draw up a financial plan to determine whether it is too financial stretching for you as well as to shortlist some potential options for you to consider.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide
Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited 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

Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi,

The downpayment and bank loan will depend on whether your current private property is still under loan.

If it is still under loan, the maximum you can loan for your investment property will be up to 45%. This means that you will need to pay up to 55% as downpayment.

If your current property is fully paid, you will be able to loan up to a max of 75% for your investment property. Downpayment will be at least 25%.

Do take note that for the above loans, you will be subjected to TDSR requirements. You will also be liable for ABSD for your second property, on top of the normal BSD (3-4%) that is payable for all property purchases.

If you're a Singapore Citizen, ABSD is 12%.
If you're a Singapore PR, ABSD is 15%.
If you're a Foreigner, ABSD is 20%

There may be some ways you can restructure your property portfolio, to allow you some savings, while still owning an investment property. You may wish to explore further before committing?

I am experienced and well-versed in private resale 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

Dear sir/mdm,

We will be conducting a consumer seminar on 24th July where we have invited professionals from the banking and legal sector to share more in details with us on the loan configurations for multiple property owners as well as the different way to structure property ownership as a result of the Additional Buyer's Stamp Duty to benefit purchasers who have plans and financial capabilities to look into ownership of multiple properties.

Would you be keen to sign up for this exclusive private event?

I have been in the real estate business since 2009, with more than 10years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 8,500 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at 81577565  .

I look very much to hear from you soon.

http://bit.ly/HDBMillionaire

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

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My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw

Regards,

Geryl LIM
Consultant - Director
Century 21
CEA Reg R014783H
www.geryllim.com
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Dear Client

Good day to you! I would be more than happy to assist you in the house purchase.
Over the past 5 years, i have taught my clients my prone framework that helps my clients systematically identify project to see which is a winning or losing project. I can teach you this framework which other people have benefited in order for you to use this framework yourself to identify projects. You will be empowered to choose your own project after learning this framework!

Feel free to give me a call at 81255537  or email me anytime in order to share with you the latest fact and figures to understand why many people are taking action in today's market and the criterias when buying a private property with great potential up side. Hope to hear from you soon!

Warmest Regards,
Thea Hoi
 81255537 
thea@theahoi.com Read More