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Hi

I'm Ramesh from Propnex. I can help you in buying the HDB. You can call me @ 91166802 

P.V. RAMESH BABU
Mobile: (65) 9116 6802 
Associate Group Director
CEA Reg No: R045485D.
PropNex Realty Pte Ltd
(Licence No: L3008022J) Read More

Hi,

Thank you for your query!
Initial cash outlay:
Depending on loan : 80/90%,
Cash payable : 20/10%, use of CASH AND CPF.
Buyer Stamp Duty 3%
ABSD PR, Legal Fees & Val Fees
1% Agent Fees

As this is your first time purchase, it is apt to have yourself guided and walked step by step to ensure you do not overpay in the process of unfamiliarity and shortchange yourself on a good deal and paperwork conditions etc. As a realtor with years of experience and awards, it is my duty to assist you on leveraging on the weak market to pick out a unit as per your requirements and conduct negotiation. You can easily asses my proven track record and recent coveted awards & testimonial on my website to ascertain the commitment, dedication and integrity I uphold in representing my client's welfare and interest to get them the best possible deal.

Let's speak further at 96659926  to discuss more comprehensively on the crux of your requirements & expectations- to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase after understanding your finances succinctly, so as to explore the possible options accordingly at no obligation. I will walk you through the entire purchase- from shortlisting, to negotiation, to establishing loan matters and working out finances (cash/cpf/progressive payment), paperwork, sorting legal matters, providing you with recent up to date transaction caveats for benchmark pricing as well as furnish you with a customized sales report & indicative valuations.

If you are comfortable with my working style, I am more than glad and confident to work for your interest to to guide to you to your ideal property.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More

Hi Mrs Dessy,

Good question.
Buying home is the next biggest decision in your life other than marriage.
The biggest mistake is not to consider financial commitment which actually is the biggest consideration.
And to start preparation will definitely helps.

In buying property in Singapore, you have to look beyond cash preparation and also considering the amount of CPF incurred as well.
I always prepare a cost breakdown for all my client to allow them to consider how they wanted to finance their home.
This is to ensure that you do not over-stretch yourself in a long term commitment.

Hereby breakdown of the amount required for HDB at $400k.

Cash required for resale purchase:

(1) OTP deposit & exercise = $5k
(2) Resale application = $80
(3) Registration & microfilming = $215.90 (3-rm & above)
(4) Valuation = $200 for now, $120 (on & after 1 Jan 18)
(5) Miscellaneous = $16.05
(6) Caveat = $139.30
(7) Legal fee = $2k dependent on loan amt
(8) Mortgage stamp duty = $500
(9) Fire insurance = $6.60 (5-rm), $5.50 (4-rm)
(10) Salesperson commission (1%+GST) = $4,285 ($400k)

CPF:
(1) 10% downpayment = $40k ($400k)
(2) Basic stamp duty = $6,600 ($400k)
(3) ABSD (both are SPR,5%) = $20,000 ($400k)
(4) HPS = $600 dependent on loan amt.

I have to understand the CPF amount saved in both your account before able to provide monthly mortgage.

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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Good evening Dessy,

As SPR HDB buyers, you will need to prepare more cash as you can only obtain mortgage of 80% maximum. You will also be liable for ABSD. However, without knowing your CPF outlay, I can only said that you will need around $116k cash, assuming that you do not have sufficient CPF fund.

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 Dessy

We have assisted numerous SPR in buying their HDB flat.

If you are keen, you may write to gavin.ng@orangetee.com. We will prepare a pro-forma financial statement and guide you to the next step.

Regards

Gavin Read More