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Hi

You may contact me at+6581291299 to find out more.

Regards
Agnes
PropNex
 81291299  Read More

Hi Sir

There are many factors to take into consideration, including age, remaining lease of the HDB flat, mortgage servicing ratio and maximum LTV.

Without benefit of the necessary detailed information (and we simplistically assume the best case scenario for you), as SPRs going for resale HDB as your 1st property, you will have to go for a bank loan at maximum 75% LTV, and there is a minimum 5% cash component (before other costs).

Let's find your dream home.

I am contactable at 9620 2483  . Read More

Hi,

Congratulation for going to meet the criteria of purchasing your 1st home in Singapore.

As SPR, you are not eligible for HDB loan thus you have to get your financial plan via bank. Unless one of you manage to convert from SPR to SC.
With $700k flat in mind your saving cash + CPF needed shall be as follow:

(1) 5% = $35k (cash)
(2) 20% down payment = $140k (cash and/or CPF)
(3) BSD (~3%) = $15,600 (cash - can be reimburse using CPF if there are sufficient in existing OA, not later)
(4) ABSD (5%) = $35k (cash - can be reimburse using CPF if there are sufficient in existing OA, not later)
(5) Legal fee = $2~2.5k (cash)
(6) mortgage stamp duty fee = $500 (cash)
(7) Caveat + misc + insurance = $600 (cash)

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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