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Hi,

Assuming you are SC purchasing 2nd residential property, typical breakdown as follows if you do not have any outstanding home loan.

Cash 5% 37.5k
CPF OA 20% 150k
Max Bank Loan 75% 562.5k
Stamp Duties and Legal Fees approx 15% 112.5k

If you have used CPF OA for 1st property before, you also need to set aside 85.5k in your CPF OA+SA before any excess CPF OA can be used for the 2nd residential property.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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 
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Hi Buddy,

As the previous agent had pointed out the numbers to you, my only concern will be: are u sure u will want to follow the crowd and just make a beeline just because it is 750k?

Have u ever wondered what is the catch, why buy this and not buy that?

Sincerely,
Edvan
 84241222  Read More

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Good day sir / madam .

Please consider saving the 12% ABSD by having 1 property instead . Please be informed rental yield is very low for private properties bought at present prices , yield perhaps lower or at best , on par with borrowing rates of 2%.

Feel free to contact me Joanne Chia hp +65 8333 3327  for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property, or 2% for open listing ( many agents ) .

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS .

Joanne Chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi,

Based on your above scenario, breakdown would be as follows:

Purchase Price $750,000
Max Loan $562,500
5% Cash Downpayment $37,500
20% CPF Downpayment $150,000
BSD $17,100
ABSD (assuming you're Singapore Citizen) $90,000
Legal Fees $2500

As this is your second property, you will also have to set aside Half-Minimum Sum of $85,500 in your CPF-OA and SA accounts, before you can utilise the balance funds in your CPF-OA for the second property.

May I know if you're planning to purchase this as an investment property? If so, I may have another option for you. This option may be able to help you enjoy quite substantial savings. Do contact me for further discussion.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More