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Hi, the additional buyer stamp duty of 5% will have to be in cash. P,s feel free to let me know if you need any assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi,

yes 5% cash 15% cpf approx 8% for stamp duties in your case, about 78K. Stamp duties can be payable by cpf. Thanks and may I have more details so we can discuss further on how to achieve this? Which project are you considering at the moment?

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

Morning,

If this is your first residential property in holding, you will need to pay $30k for ABSD. BSD payable will be around $13k. If you managed to obtain 80% loan, 5% down payment must be made in cash. Based on this simple calculation, you might be slightly short of a few grand.

Do contact me further if you require assistance.

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

Good morning buyer,

Your initial outlay will be:

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

If your 80% bank loan or 15% CPF downpayment is not sufficient, you will have to top up cash as well.

In fact, you can pay stamp duties by CPF OA funds. But law firm will normally recommend buyers to pay cash first because CPF might not be able to release funds in time. By doing this, you wont be hit by any penalty.

If you pay by cash first, it might take up to 2 weeks for the stamp duties to be reimbursed back to you in cash if you have excess CPF OA funds after 15% CPF deduction.

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,

Let's speak in details more about the timeline of progressive payments and cash/Cpf outlay for the purchase. It'll give you a much better overview rather than a few smattering views.

Do contact me at 96659926  for us discuss further on your requirements comprehensively to understand the crux of your expectations, to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase as well as to explore the possible options accordingly at no obligation.
No agent fees involved moreover!

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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
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P Group-
2015 February ERA Top Achievers
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