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Hi,
PR's pay an additional 5% ABSD for their 1st property. But, this is very negligible compared to foreigners who have to pay 30% ABSD.

Lawyers fees range from 2k onwards depending on how much the property costs. Buyer DOES NOT pay the property agent any fees. So, my services are free!

As for new projects vs resale condos, the key is financial management. Many yuppies tend to go for new launches because, they make progressive payments and find it easier to service their loans this way. However, newer properties are more compact compared to older ones.

The key decision is yours. What do you want in the property that you are looking for, is it size, convenience, facilities, location etc etc.

Please contact me directly via mobile so that I can share some 1st home buyer's tips and guide you along.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Good evening,

Initial outlay will be as such if you are SPR and eligible for max 75% bank loan.

- 25% downpayment (minimum 5% in cash)
- stamp duties (BSD and ABSD)
- legal fees varies between new launch and resale (approx $3k)
- valuation fee varies on purchase amount
- $500 stamp duty on mortgage
- agent commission depends on situation. Usually we will get from developer or seller's agent.

I will propose to buy something within your means. If you have immediate need and doesnt prefer to wait for new unit or pay rental, then resale will be the way.

We have to compare projects be it new or resale to see which is much suitable for you.

Do you have any requirements or budget in mind?

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
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Hi, appreciate your sharing. Other costings are legal fees is around $3000, mortgage stamping to IRAS at $500.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Good evening,

For SPR 1st residential purchase in Singapore,

D/P Cash 5% 50k
D/P CPF OA 20% 200k
Max Bank Loan 75% 750k
BSD and ABSD and legal fees approx 8% $80k

There is stamp duty for mortgage but its capped at $500 and typically quoted with the legal fees together.

New and resale both have its pros & cons. Would like to understand your scenario better to advise on the best fit, as it will depend on your objectives and timeline.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
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ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
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ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
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Buyer Mr Wang & Ms Ng : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan!

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Dear sir/mdm,

I believe that costs in purchasing a property should be adequately covered by my fellow professionals. Key thing now is are you purchasing this property as an investment or are you looking to stay. The entire picture or scenario should be considered as any assumption of situation and opinion given based on assumption may mislead your judgement and decision thus it will be better if we are able to know more about your considerations.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
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OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, nope there be no other hidden cost other than the ABSD, as a buyer don’t need to pay for any agency fee. Also, it is advisable for you to go for a new project instead of a resale condo and I hope to be able to better explain myself to you soon.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Sir/Mdm,

Besides the BSD and ABSD, you will need to factor in the lawyer fee which is in the region of 2.5k. There is no commission and stamp duty on the loan. I will be happy to give you an overview of the purchase timeline and highlight to you the important issues to take note of.

New condo and resale condo have both its pros and cons and therefore it depends on your objectives for buying and your holding period. Feel free to contact me so that I can share with you in details the comparison.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020 / 2022
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http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,

1) The following are the costs of buying a private property:
(a) Lawyer fees: $2.5~$3k if the property is below $2.5M
(b) No agent fees for buying.
(c) There is a mortgage stamp duty of $500. This is a compulsory cost for any mortgage loan, and the maximum cost is $500.

2) There are many reasons why some choose a new project condo and some choose a resale condo. It is not easy to list it all out.
3) I would summarise the final choice mainly lies on the following factors:
(a) Immediate and future needs.
(b) Currently available budget.
(c) Expectation of ROI, etc.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

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