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Hi, yes there is a difference. If at least one of you are converted to being a citizen, the stamp duty payable will be down to only 3%. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Good morning buyer,

Do take note that both of you have to fulfill SPR status of 3 years respectively before you are eligible to purchase a resale HDB.

As both of you are SPRs, you can only obtain bank loan for purchase. If you are able to obtain a 80% bank loan, initial outlay will be around 28% of the purchase.

1) 5% cash downpayment
2) 15% CPF/ cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% additional buyer's stamp duty as SPR
5) $3k legal fees
6) agent's commission (1% of purchase price plus GST)
7) misc fees like valuation fee, resale submission fee, stamp duty for mortgage etc.

The amount cash needed depends on how much CPF do you have as well. So if you are purchasing a $650k property, you will need around $182k cash and CPF.

If you are able to convert to SC, you are able to obtain up to 90% HDB loan. That 10% downpayment can be fully paid by CPF and you will be not be subject to ABSD thus cash portion will be lesser.

Hope my explanation helps!

If you need any assistance with your property purchase, 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,

Yes there will be difference, for the citizen status. 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. I have been very active in securing units for my clients and am confident will be able to assist you similarly, in view of the current market.

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!

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

Good morning,

For SC, ABSD is not payable on their first property purchase. They will also be eligible for HDB loan. Hence the cash component will definite have different impact.
As SPR buyers, both of you must be holding the status for more than 3 years. ABSD of 5% is payable by cash and you are only eligible for bank loan. 20% down payment with 5% cash and 15% CPF payable is required. If the loan is not sufficient to cover the purchase price, along with your CPF OA, you will have to work on the difference.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Good day. Let me help you in the buying process.
LEts discuss in details so I can advise you on the financials.
You may reach me via 91442664  .
Best Regards,
Tricia Tan Read More