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Good morning buyer,

Do take note that you will be subject to 7% ABSD for your second residential property purchase as a Singaporean in Singapore.

If your housing loan is fully paid up and you are able to obtain a 80% housing loan for this purchase, you will be looking around 30% of purchase price for your initial outlay.

And if you have utilized CPF OA funds in your current HDB, you need to set aside a minimum sum of $77.5k in your CPF OA + SA before you can use the excess for the purchase.

1) 5% cash downpayment
2) 15% CPF/ cash downpayment
3) estimated 3% buyer's stamp duty
4) 7% ABSD as SC
5) misc fees like valuation fee, legal fees, stamp for mortgage etc

With $120k, you will be looking at $400k property which as of now, there's any such private property in the market.

Hope my explanation helps!

Maybe you can share more information with me and from there, i will advise you accordingly. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com Read More

Afternoon,

If you have fulfilled the MOP, you will be eligible to purchase private property. As for the max purchase price, it will be dependent on your income and credit status.

Do feel free to contact me so that I can get my banker to work on your case.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

Firstly you need to establish if you have obliged your MOP of 5 years. If you have, you are eligible. Purchasing a second property makes you liable for 7% ABSD.

Purchasing of property would be greatly influenced by your income, more variable factors. Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner over loans matters as well as plan/ assist and chart your financial cash flow.

Based on your requirements and preferences, I will succinctly shortlist and come up with a customized list of units to view.

I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks.

To value add your understanding, I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live sales transactions caveats for your understanding,share on financial calculations/ loan related matters and make available rental yield projections, if needed as well as future capital appreciation stakes. As the transaction of a property involves matters of finances and legality, I have my partners whom I work closely with to assist you immediately on all queries pertaining to the relevant field, which makes it hassle free! Furthermore, since you are not liable to pay my any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
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