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Hi, if I'm interested to get my first EC with my fiancée, budget $800k EC, with deferred payment 3%, how do I calculate how much I need to fork up for down payment based on let's say 1.7% loan interest ?
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5 Answers

Hi

Would you like to call 9620 0827  or email to gavin.ng@orangetee.com.

We can do a financial estimates for you.

Gavin Read More
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Hi,

For Deferred Payment Scheme for EC , breakdown as follows:
Cash 5%
Cpf 15%
Max bank loan 80%
Stamp duties & legal fees approx 3%

Hence you are looking at around 184k (cash+cpf+grant) combined for payment within 8-12 weeks of booking.

May I know which EC are you considering? Will be glad to understand your requirements and make the suitable recommendations for your plans. Full financial plan will also be illustrated. Thanks and let's discuss further at 97432395 

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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YT Tan (陈永达)
Good morning buyer,

The initial outlay configuration for deferred payment and normal payment scheme is the same, just that the purchase price for deferred payment will usually be slightly higher.

Initial outlay will be as such:

1) 5% cash booking fee
2) 15% CPF OA funds or cash downpayment within 8 weeks from OTP grant date
3) estimated 3% buyer's stamp duty

Probably let my banker to advise you on your approval in principle so you will have a better idea how much loan can you obtain.

Hope my sharing is beneficial to your property purchase.

May I know how can I continue to value add in this purchase?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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Hi Sir,

To purchase a 800k EC, these will be the amount to plan for assuming you are taking a 80% bank loan:

Cash:
1. 5% cash - $40,000

CPF:
1. 15% CPF - $120,000
2. Stamp Duty - $18,600
3. Legal Fees - $2,000 - $2,500

For the monthly instalment, for a tenure of 25 years at 1.7% interest rate, it will be about $2,620 every month.

Please contact me so that I can share with you the available EC projects in the market currently and also draft up a comprehensive financial plan for you to plan better.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015/2016)

“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 from Property Avenue 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)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted 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 of HDB)

“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 of HDB)

“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 through Nick) Read More
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Hi
For deferred payment, you will still need to fork out
1. 5% cash
2. 15% CPF
3. Stamp Duty
4. Legal Fees - $2,000 - $2,500
I would love to assist you so that I can share with you the available EC projects in the market currently and discuss on the financials to help you understand better.
You may reach me via 91442664  for a chat
Tricia Tan
Propnex
 91442664  Read More
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