Good afternoon! I will recommend you to do an in principle with bankers first to find out the loan amount you will be able to loan. First it's due to the TDSR ruling and secondly, to prevent you from losing your 1% option money if you find out you won't be able to take up a favourable loan amount. I can request my bankers to advise you on it. As a norm, net rental yield is about 2.5 to 3% in Singapore, you should look into that. As for taxes, it will be the usual buyer stamp duty (additional buyers stamp duty will be applicable if you are a PR or foreigner) and mortgage stamp duty in the event that you do not own any property at the time being. Other costs are legal fees, valuation fees etc. Hope it helps! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com
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