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Good afternoon buyer,

Initial outlay will be 20% downpayment (provided you can obtain 80% bank loan) - 5% cash and 15% CPF OA funds or cash if shortfall, estimated 3% buyer's stamp duty, 5% additional buyer's stamp duty as SPR, legal fees, stamp duty for mortgage, valuation fee etc.

Btw how much cash do you have on hand? So I can advise you whether do you have enough for the 28% initial outlay.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi,

For PR purchase of 1st residential property, typical breakdown as follows:

Downpayment 20% (minimum 5% cash + 15% cpf)
Stamp duties & legal fees 8%
Max Bank loan 80%

Thus the 28% is the initial outlay, and has to be a combination of cash n CPF. Is that something you will consider?

Which areas are you keen on? Will be glad to share with you the value buys in the area. Thanks.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More

Good day to you,

May I understand which condo are you looking at so that I will be able to calculate the indicative amount needed for downpayment?

Generally, it will be :

1)Buyer Stamp Duty (3% of purchase price or valuation whichever higher minus $5,400)

2)Additional Buyer Stamp Duty of 5% of purchase price or valuation whichever higher if first property.

3)Legal fees and other fees depending on the fees charged by your lawyer.

Kindly feel free to let me know your requirements so that I will be able to recommend based on your needs and wants.

Best Regards,

Tan Han Wei Leonard
ERA Realty Network Pte Ltd
BSc Management (UOL)
www.leonardtan-property.com
 9150 1162  Read More

Hi,
I am marketing a waterfront poolview condo with upcoming MRT.
This condo 1-bedder will be ready in 2015 Q1/Q2.
So you don't need to wait so long to move in.

Price $758,000
5% cash = $37,900
15% (Cash+CPF) = $59,700 (Cash) + $54,000 (OA)
Stamp duty = (3% - $5400) + 5% = $60,640
Lawyer Fee = $2500

If this is your 1st Loan, with $5K income, you are likely to be approved 80% loan (Please contact banker. Call 81883186  for referral)

Total upfront Cash estimate = $160,740.00

This 1BR should be soldout over this weekend, so please contact me quick to find out more details.

Regards
Gary Chang
gcwc@outlook.com
 81883186  Read More