AskGuru Q&A Community

Good morning buyer,

Since it's your first property purchase, you will be subject to the normal buyer's stamp duty of estimated 3%.

If you are a SPR or foreigner, you will be subject to a further 5% or 15% additional buyer's stamp duty respectively.

ABSD is depends on residency status and not type of property you purchase.

As a single purchaser, you are only allowed to purchase resale EC or private condo. You need to form a family nucleus to apply for a BTO or new EC.

For purchase of private property, you need to fork out at least 23% of the purchase price (as a Singaporean) provided you can obtain a 80% bank loan.

1) 5% cash downpayment
2)15% CPF downpayment
3) estimated 3% buyer's stamp duty
4) $3k legal fees
5) misc fees like valuation fee, stamp duty for mortgage etc.

Most fees are chargeable be it you are a single or two purchaser/s.

For instance if you have $150k cash and CPF, you can afford a $652k property.

As for pricing for units depends on size as well. Some new launches are going for $600k for a small 2 bedders but a decent size resale 2 bedders EC (La Casa) is going for $800k plus.

Do let me know your finances so I can further advise you with financial plan. It will be recommended to speak to a banker to find out on your loan amount before you start house hunting.

If you need any assistance, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com Read More

Hi there,

As my fellow respondent has very succinctly laid down the brief calculations for your understanding. Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner should you require greater assistance. There are some really good star buys out there for 2/2+1 due to developer massive discounts which I have on hands!

I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks.

To value add your understanding, I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live sales transactions caveats for your understanding,share on financial calculations/ loan related matters and make available rental yield projections, if needed as well as future capital appreciation stakes. As the transaction of a property involves matters of finances and legality, I have my partners whom I work closely with to assist you immediately on all queries pertaining to the relevant field, which makes it hassle free! Furthermore, since you are not liable to pay my any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
dkumar@era.com.sg

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More