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Hi,

Let's speak further at 96659926  to discuss more comprehensively on 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, so as to explore the possible options accordingly at no obligation. I will walk you through the entire purchase- from shortlisting, to negotiation, to establishing loan matters and working out finances (cash/cpf/progressive payment), paperwork, sorting legal matters, providing you with recent up to date transaction caveats for benchmark pricing as well as furnish you with a customized sales report & indicative valuations.

If you are comfortable with my working style, I am more than glad and confident to work for your interest to to guide to you to your ideal property.

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

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

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
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Hi Naik,

Other than budget for the condo, I'm afraid you also have to take in consideration the cash needed for the purcahse.

I'll use both $400k and $500k to tabulate the breakdown:

(1) Bank loan: max loan amount is 80%
(a) minimum 5% must be in cash. ($20k for $400k) ($25k for $500k)
(b) 15% can be pay using cash and/or CPF. ($60k for $400k) ($75k for $500k)
(2) ABSD: SPR + FR is 15% ($60k for $400k) ($75k for $500k)
(3) BSD: 3%-$5,400 ($6.6k for $400k) ($9.6k for $500k)
(4) legal fees: $2k~$4k
(5) Mortage stamp duty: $500
(6) Valuation fees: $350~$500

So assuming you have sufficient CPF for the 15% downpayment, you will need approximately at least $87.5k for a $400k property before embarking on your home search.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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