Hi Saif,
Thanks for the query!
The initial cash outlay would be as such:
-20% down payment
(5% cash, 15% CPF)
-3% BSD
-15% ABSD
-Misc legal fees
Th under construction properties follow progressive payment scheme; which means you pay a nominal sum till TOP and monthly installment thereafter TOP. This enables you to build your savings in the midst. I understand that you are looking to buy within the next 6-10 months- however, currently in view of the weak market sentiments, prices have visibly fallen by as much as 10% and beyond with high discounts (as high as 31%) on U/C projects. Whether the price will stay buoyant in the future depends on the cooling measures and how the market responds to correction and demand this year. We cannot predict prices next year but are assured of low purchase prices now.
Perhaps you could share more on your requirements, preferences, and finances on hand (cash/ cpf OA sum) for me to be in a better position to advise further. With that in mind, I will be able to conduct a comprehensive financial cash calculations and progressive payments w timeline to asses which residence option will best suit your interest and property portfolio. Best, to take this step by step, with a long term perspective ; % scope of appreciation and capital gains in mind.
To add, there is no agent fees involved, hence my service and consultation comes at no cost ; and you are assured of being walked by step by step on the entire procedural framework.
D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)
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