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Good morning buyer,

Do take note that as a SPR buyer, you will be subject to 5% additional buyer's stamp duty on your purchase.

Thus if you are able to obtain a 80% bank loan (still subject to total debt servicing ratio, your age, income, debt etc), your initial outlay will be:

1) 5% cash downpayment
2) 15% CPF downpayment
3) estimated 3% buyer's stamp duty
4) 5% ABSD as a SPR
5) $3k legal fees
6) valuation fee, stamp duty for mortgage etc

Let's say the new launch is $550k, you need around $154k (cash and CPF OA funds).

Yes you can pay the monthly mortgage instalment by CPF OA funds.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

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
(W): www.propertyavenue.com.sg Read More

Hi,

For a 1 bedder/studio, SPR purchaser, breakdown as follows:

Cash 5%
Cpf 15%
Bank loan 80%
BSD+ABSD + legal fees 8%

Max bank loan depends on your age, income, credit profile and whether you have any outstanding loan at the moment. Yes, you can use your OA to service the monthly mortgage installments.

Studio condos should cost around 550K onwards. Thanks and may I understand your requirements further so to value-add?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi there!

For your purchase, the initial cash outlay would be:
20% Downpayment:
-5% Cash
-15% CPF

3% BSD
ABSD 5% for PR
Legal misc fees
NO agent fees

Resale studio apartments range from $600k while the cheapest under construction property is going for only $530k!
Do contact me at 96659926  for us discuss further on your requirements comprehensively to understand the crux of your requirements & expectations, to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase after understanding your finances succinctly as well as to explore the possible options accordingly at no obligation.

Purchasing a property requires a step by step guidance:
(1) Understanding your requirements and expectations ; Location, Preferred Sizing, Comfortable Quantum; additional preference

(2) Running through the finances comprehensively :
-Financial cash flow calculations
-Utilization of Cash/ CPF
-Progressive Payments & Timeline of Payments

(3) In-Principal loan approval
By my network of bankers at no cost

(4) Following that,
We can kickstart on identifying the ideal unit which is more tailor made for your family's comfortable living.

(5) Negotiation for best possible price. And legality coordination handled by me.

In midst, you will progressively be updated and furnished with these documents :
(1) Price analysis of units in your chosen location/ development
(2) Customized sales and rental report
(3) Recent Transaction Caveats
(4) Projected yield and capital upswing info derived from within vicinity properties / development

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

About Me-
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers Read More

Good afternoon,

We have a new project launching with starting price from $3xxk.

We do help our buyers to do financial calculation and work out a list of properties that they are eligible, for their consideration too.

Should you like to have more information on the above mentioned project, do feel free to contact me at 86996686  to discuss further.

Thank you.

Stella Lee
Huttons Asia Pte Ltd
 +65 86996686  Read More