Good afternoon buyer,
Do take note that you have to prepare around 28% of the purchase price as a SPR household.
SPR household has to fulfil SPR status of 3 years respectively and only able to obtain a bank loan.
1) 20 % downpayment
2) estimated 3% buyer's stamp duty
3) 5% additional buyer's stamp duty
4) $3k legal fee
5) $80 resale HDB submission, $200 valuation fee etc
6) agent commission (1% of purchase price)
Thus with your finances, you might only be able to purchase a $280+ property.
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
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