Hi,
The 1st criteria to buy resale for 2x SPR (married or fiance/fiancee) both had hold the PR residence status for min of 3 yrs.
Your child will be listed as occupier, thus not affecting your application.
Below are the breakdown of cost for $540k property for your reference:
Cash:
(1) Option fee + exercising fees (deposit) = $5,000
(3) Miscellaneous = $ 15
(4) Resale Application = $ 80
(5) Registration & microfilming = $ 215.90
(6) Valuation fee for 3-room & bigger = $ 120
(7) Fire insurance = $ 5
(8) Mortgagee's caveat = $ 64.45
(9) Title Search fee = $ 10.40
(10) ABSD (5%) = $27,000
(11) Agent fee (1%+GST) = $ 5,778
(12) Legal fee = $ 2,000 (up to $4k)
(13) Mortgage stamp duty = $ 500
(14) 5% downpayment = $22,000
Total: $62.8k~$64.8k
CPF if sufficient:
(1) Downpayment 15% of property value = $81,000
(2) Buyer Stamp duty (BSD): $10,800 (can use CPF)
Total: $91,800
Other than eligibility, you has to ensure you are also financially prepared for your purchase.
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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