AskGuru Q&A Community

Hi there!

Thank you for your query!
The breakdown depends on how much your purchase price will be. You could refer to this brief purchase breakdown :
-5% CASH ;deposit and exercise
[1% deposit AND 4% upon exercise]
-15% CPF (or cash if insufficient)
-3% Buyer Stamp duty; BSD (Can utilise CPF if you have enough funds)
-Legal fee = $ 2,000~$3,500 dependent on individual legal firm.
-Mortgage stamp duty

Perhaps you can contact me at 96659926  for a short discussion for me to run you through the overview of the purchase framework, understand your requirements and specifications as well as calculate your finances on hand (Cash/CPF amalgamation) to construct a financial plan with payment timeline to narrow down ideal developments and shortlist exact unit layout type for your perusal. I have actively transacted many private properties (testimonials available on website) and since you may be unfamiliar with the process, you might want to tap onto advise and guidance in this regards, at no obligation of course. I will walk you through the entire process from selecting developments/ arranging viewings, handling bank/finance aspect, arrange for your legal processing matters as well as handle all paperwork at no cost. The purchase of private property does not involve agent fees and thus, you will enjoy expertise at every level at no obligation and cost. Furthermore, I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and customised sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. I will usually share about the property outlook with my clients and tailor make a plan that suits best for them in years to come. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall Top 100 achievers 2014-2016 Read More

Hi, it is better that you first consult a banker on your loan eligibility so that you will at least know what is the max purchase price of the condo unit that you could be eyeing for. Pls feel free to let me know if you need any banker’s contact or any other assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Dear Sir/Mdm,

You will need to first do a loan assessment to find out how much loan you will be eligible for before you can come up with a financial plan.

It is important not to over leverage when it comes to property investment. Please feel free to contact me so that I can guide you through the process.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nicktan.com.sg

Featured on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients (2016/2017)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited 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)

“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)

“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 a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick 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) Read More

Hi do contact me at 97970200  to discuss more

Mark your RIGHT choice
MCG Read More

Hi,

The cost shall also dependent on your residence status.
My presumption is you are SC and your CPF OA is negligible.

The costs of the purchase ($600k) are as follow:
(1) OTP (deposit + exercise) (5%) = $ 30,000
(2) Down payment (15%) = $ 90,000
(3) Buyer Stamp duty; BSD (~3%) = $ 12,600
(4) Legal fee = $ 2,000
(5) Mortgage stamp duty = $ 500
Total cash needed = $135,100

Do note that BSD & 15% down payment can be pay if you have sufficient amount in your CPF OA.

In fact, the first thing you ought to do is to get a bank willing to loan you 80% of the purchase; $480,000.
You will have to satisfy the TDSR rules set by MOF (Ministry of Finance), current loan, salary, credit card usage plays a big part whether you will be given the right loan amount.

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

Note:
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Hi hi, upfront payment will be 20%.

Hope to hear from you soon!

Sincerely,
Edvan 84241222  Read More

Hi,

How much funds you need depends on your profile.

1) Nationality
2) Number of properties owned
3) Age
4) Loan Eligibility
5) Quantum of Property Price
6) Existing CPF?

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More