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Hi
I’m holding EP in singapore and planning to buy apartment/condo, may I know if condo price is 1mil;
- How much down payment need to spend in order bank approve my loan?
- How much tax/stamp duty need to pay ?
- Can I book condo which is not build yet ?

Thank you in advance
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6 Answers

Hi

You may want to text 9620 0827  for a casual chat. We can share with you the market situation, transaction process, timeline and an estimated financial statement for your purchase. We can answer to any other questions you may have.

Warmest regards

Gavin Read More
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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi You should be looking at $250k downpayment and tax of $224,600 Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More
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Hi,

1) You are categories as a foreigner while holding an EP.
2) Bank maximum can only loan you 75% LTV, this is subject to your active income.
3) You will need a 25% down payment for a property purchase.
4) You are subject to buyer stamp duty (BSD) of S$24,600 (~3%) and 20% (S$200,000) additional buyer stamp duty (ABSD).
5) There is no restriction on this, you may buy a resale or a new condo under construction.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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YT Tan (陈永达)
Good evening,

your downpayment will be as such if you are able to obtain up to 75% max loan:

25% downpayment
3 to 4% stamp duty
20% additional stamp duty as foreigner

You might need to fork out $480k in cash for a $1m condo.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
Mobile: 91115171 
Email: yt.tan91115171@gmail.com

Do follow me on:

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YouTube: https://bit.ly/Youtube_PropertyKaki

To find out what’s the estimated valuation of your existing house, try our SRX property tracker.

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Hi Sir/Madam

1. Yes you can book Condo which is not build yet.
2. Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker. I can connect you with reputable banker for this, free of charge and no obligation.
3. Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share you the breakdown for this calculation including timeline.
4. How many bedrooms are you looking at and which area you prefer?

I will be glad to assist, no agent fee from condo buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
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