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Good morning buyer,

As you are a foreigner, you will be subject to 15% additional buyer's stamp duty. Your initial outlay will be 38% of the purchase price.

1) 20% cash downpayment (if you can obtain a max 80% loan)
2) estimated 3% buyer's stamp duty
3) 15% ABSD
4) $3k legal fees
5) stamp duty for mortgage, valuation fee and others

As for loan tenure, you are able to loan up to 24/ 25 years (max is lower of 30 years or till retirement age of 65 years old.

Hope my explanation helps!

May I know how much finances do you have on hand for the 38% initial outlay?

Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi,

As a foreigner buyer, you will be liable for 15% ABSD + 3% stamp duties. Breakdown as follows:
Downpayment 20%
ABSD + BSD 18%
Max bank loan 80%
Legal fees about 3K.

Loan tenures are typically till age of 65, which translates to about 25 year loan for you. How much financing can be obtained depends on your income and credit profile, it is advisable to speak to a preferred Banker which I can recommend. Thanks and may I understand your housing plans so to value-add further?

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi,

Initial cash outlay:
20% Cash (5% 15% CPF)
Buyer Stamp Duty 3%
ABSD 15%
Misc Legal Fee
NO agent fees

Do contact me at 96659926  for us discuss further on your requirements comprehensively to understand 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 as well as to explore the possible options accordingly at no obligation.

Purchasing a property is likened to an investment in a priced asset and as such, it requires critical and well thought through analysis and rationale before committing.

Purchasing a property requires a step by step guidance:
(1) Understanding your requirements and expectations ; Location, Preferred Sizing, Comfortable Quantum; additional preference

(2) Running through the finances comprehensively :
-Financial cash flow calculations
-Utilization of Cash/ CPF
-Progressive Payments & Timeline of Payments

(3) In-Principal loan approval
By my network of bankers at no cost

(4) Following that,
We can kickstart on identifying the ideal unit which is more tailor made for your family's comfortable living.

(5) Negotiation for best possible price. And legality coordination handled by me.

In midst, you will progressively be updated and furnished with these documents :
(1) Price analysis of units in your chosen location/ development
(2) Customized sales and rental report
(3) Recent Transaction Caveats
(4) Projected yield and capital upswing info derived from within vicinity properties / development

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

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

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

About Me-
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers Read More

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