Asked by d***@gmail.com
How much do I need to buy property in Singapore?
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4 Answers
Hi,
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Hi,
You need to consider forking out 28% of the purchase price of any condo or apartment by CASH /CPF. This is the 25% plus the 3% Basic Stamp Duty. If you are a foreigner, then it will be 33% of the purchase price. Only then, the bank loans will kick in. So, please contact me directly, so that, I can advise you accordingly on where to buy and what to buy in the best strategic locations.
Cheers!
Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
90170747
www.goodpropertiesguide.com Read More
You need to consider forking out 28% of the purchase price of any condo or apartment by CASH /CPF. This is the 25% plus the 3% Basic Stamp Duty. If you are a foreigner, then it will be 33% of the purchase price. Only then, the bank loans will kick in. So, please contact me directly, so that, I can advise you accordingly on where to buy and what to buy in the best strategic locations.
Cheers!
Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
90170747
www.goodpropertiesguide.com Read More
Hi Sir/Madam
1) How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you
2) Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
3) Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508 and I can share the breakdown for this calculation including timeline.
I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.
Warmest regards,
Silvia Yang
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More
1) How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you
2) Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
3) Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508 and I can share the breakdown for this calculation including timeline.
I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.
Warmest regards,
Silvia Yang
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More
Hi,
1) There are different buyer stamp duties for different residential statuses. Details for buying 1st residential property are as follow:
(a) Singapore Citizen (SC): ~3% buyer stamp duty for a property at or below S$1M.
(b) Singapore Permanent Resident (SPR): ~3% buyer stamp duty for a property at or below S$1M. Additional Buyer stamp duty (ABSD) of 5%.
(c) Foreigner (FR): ~3% buyer stamp duty for a property at or below S$1M. Additional Buyer stamp duty (ABSD) of 30%.
2) Regardless of your residential status, the loan amount and interest are the same. The assessment criteria of how much you could loan are the same as well.
3) Let me use a property of S$1M for illustration, assuming your income level is able to loan 75%:
(a) 25% ($250k) down payment; 5% must be in cash. The 20% can be in cash and/or CPF.
(b) Legal fees of ~$3,000
(c) Stamp duty as in (1)
4) The TDSR is the assessment formula to determine how much you could loan. Age, income level, number of credit cards holding & outstanding loans are the major factor to determine how much you could loan. This guideline is governed by MAS (Monetary Authority of Singapore), thus all banks are using the same assessment.
But some banks might be able to provide a higher loan amount depending on their risk factor. The difference should be minor. The percentage of loans will remain somewhere at 75%.
5) I had run a preliminary assessment if you are around 40yrs old earning a monthly income of at least S$6,850. You should be able to get a loan of around $750k.
Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
1) There are different buyer stamp duties for different residential statuses. Details for buying 1st residential property are as follow:
(a) Singapore Citizen (SC): ~3% buyer stamp duty for a property at or below S$1M.
(b) Singapore Permanent Resident (SPR): ~3% buyer stamp duty for a property at or below S$1M. Additional Buyer stamp duty (ABSD) of 5%.
(c) Foreigner (FR): ~3% buyer stamp duty for a property at or below S$1M. Additional Buyer stamp duty (ABSD) of 30%.
2) Regardless of your residential status, the loan amount and interest are the same. The assessment criteria of how much you could loan are the same as well.
3) Let me use a property of S$1M for illustration, assuming your income level is able to loan 75%:
(a) 25% ($250k) down payment; 5% must be in cash. The 20% can be in cash and/or CPF.
(b) Legal fees of ~$3,000
(c) Stamp duty as in (1)
4) The TDSR is the assessment formula to determine how much you could loan. Age, income level, number of credit cards holding & outstanding loans are the major factor to determine how much you could loan. This guideline is governed by MAS (Monetary Authority of Singapore), thus all banks are using the same assessment.
But some banks might be able to provide a higher loan amount depending on their risk factor. The difference should be minor. The percentage of loans will remain somewhere at 75%.
5) I had run a preliminary assessment if you are around 40yrs old earning a monthly income of at least S$6,850. You should be able to get a loan of around $750k.
Hope the above answer your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More