4 Answers

YT Tan (陈永达)
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
0
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
0
Hello!

Good day to you!
I’m Daniel Tan from Huttons.

Assuming maximum loan of 80%, the initial upfront downpayment 20% can consist of 5% cash and 15%CPF/cash.

Other related fees/charges includes:
1. BSD (3% purchased price minus S$5,400) - CPF reimburse
2. ABSD (SPR 1st property 5% of purchased price) - CPF reimburse
3. Legal Fee (S$2,500 - S$3,500) - CPF reimburse
4. Misc fees ( Insurance / Valuation)

(CPF reimburse meaning pay in cash first, reimburse by CPF)

Depending on the purchase price, the initial cash upfront will differs.

For example:
1 bedroom condo purchase price S$650K
5% Cash = S$32.5K
15% CPF/Cash = S$97.5K
BSD = S$14.1K
ABSD = S$32.5K
Legal + Others = ~S$3K

Total Cash Upfront = S$125.6K (Cash) + S$54K (CPF)

Provided that you does no have other existing loans, you should have no problem meeting the TDSR target based on income of S$5.1K.

There are currently many exciting projects available in the market going at very attractive prices. Please feel free to contact me and allow me to assist you with your home search.
Hear from you soon.

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Have a great day ahead.

Best Regards

Daniel Tan
Huttons Asia Pte Ltd
 (+65) 94775100 
daniel.tck@outlook.com Read More
0
Tan Han Wei Leonard
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
0

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