Let me assist you with your enquiry.
Do take note that as a foreigner, you will be subject to 15% additional buyer's stamp duty unless you are exempt under a few nationalities.
What nationality are you?
If not, your cash outlay will be as such:
1) 20% downpayment
2) estimated 3% buyer's stamp duty
3) 15% ABSD
4) $2.5k legal fee
5) valuation fee, stamp duty for mortgage etc
May I know how much finances do you have on hand for the purchase so I will be in a better position to advise you on your budget.
Hope to hear from you soon!
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M): +65 9111 5171
(W): www.propertyavenue.com.sg Read More
Typically, its approx 38% of the purchase price (20% for downpayment + 18% stamp duties approx). For a $1mil property, that's about 380k in cash required. For certain nationalities, ABSD of 15% stamp duties is not applicable. Thanks and hope to assist with your purchase further.
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Contact: (+65) 97432395
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Facebook Page: www.facebook.com/ASAProp
(Client's Testimonials) Read More
Are you a citizen or PR of Iceland, Liechtenstein, Norway or Switzerland or a US citizen? If you are, you are not liable for the 15% Additional Buyer Stamp Duties (ABSD)that is imposed on a foreign buyer.
To purchase a property in Singapore, these are the estimated cost.
a. 20% of Valuation
b. Legal Fees of $2500 to $3000
c. Stamp Duties of 18% approx. (3% normal stamp duties and 15% ABSD)
Please feel free to contact me so that I can draft up a proper financial plan for you to better plan your purchase.
(M) +65 9644 4854
(W) www.nick-tan.com / www.propertyavenue.com.sg
Testimonial from Satisfied Clients (2015)
“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought through Nick) Read More
Min cash you need is around $230K to buy a 600K 1 bedroom condo.
This is to cover 20% downpayment + (3+15)% stamp duty on assumption of getting 80% loan.
Currently in the market cheapest condo starts from 550K.
Feel free to call for further discussion or email for a list of carefully shortlisted properties based on your specific criteria.
Associate Marketing Director
CEA Reg No. : R051311G
Huttons Asia Pte Ltd
Mobile: (65) 9628 0661
Property Listings :http://www.findnewlaunchsg.com/ Read More