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Good evening buyer,

Have both of you been SPR for at least 3 years to be eligible to purchase a resale HDB?

I will strongly advise to apply for loan first so you will have an idea how much downpayment do you need to fork out?

If can obtain max 80% bank loan,
20% downpayment will be at least 5% cash and 15% cpf or cash.

Other expenses:
1) buyer's stamp duty - estimated 3%
2) additional buyer's stamp duty - 5% as SPR
3) valuation fee
4) resale submission fee
5) agent's commission (1% of purchase price plus GST) etc

Hope my sharing is informative and value adding towards your property purchase.

May I know how can I value add further in your property needs?
"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Accolades:

Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
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Good evening,

I would assume that both of you have been holding on SPR for more than 3 years. Based on purchase price of $350k, you will need to prepare around $35k cash, provided you are eligible for 80% loan and that your purchase price is not higher than valuation.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind. Read More

Hi

As the information provided is insufficient to run a proforma financial statement, it would be good if you can write to gavin.ng@orangetee.com.

Regards

Gavin Read More

Hi

As PR, you are only eligible to apply loan from bank.
Breakdown required for HDB $350k is as follow:

Cash required for resale purchase:
(1) OTP deposit & exercise = $5k
(2) Resale application = $80
(3) Registration & microfilming = $215.90 (3-rm & above)
(4) Valuation = $120
(5) Miscellaneous = $16.05
(6) Caveat = $139.30
(7) Fire insurance = $5.50 (4-rm)
(8) Salesperson commission (1%+GST) = $3,745
(9) 5% downpayment = $12,500
(10) ABSD (both are SPR,5%) = $17,500
(11) Legal fee = $2k~$4k dependent on loan amt

Total: $41,321.75 ~ $43,321.75

CPF:
(1) 15% downpayment = $52,500
(2) Buyer stamp duty = $5,100
(3) HPS = $600 dependent on loan amt.

Total: $57,600

** Do note that Buyer stamp duty can be pay using CPF if there are sufficient fund in CPF OA.
Also note that the above breakdown did not include Cash-Over-Valuation.

Because you are using bank loan, as long as bank able to loan you 80% of the purchase value, you are allow to keep the excess amount in your CPF OA.

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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Hi,
To find out the loan amount and the budget is the most important step. Kindly drop me an email for me to assist you to compute the estimate loan amount. I will advice the cash and financial requirement, plus the procedures.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

I am Sorry that This platform does not allow me to direct contact you.

You can reach me at https://wa.me/6598569255.

Allow me Assist Further Read More