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Good morning buyer,

Do take note that your initial outlay will be as such if you are able to obtain 80% bank loan for a $700k property purchase:

1) 5% cash downpayment
2) 15% CPF OA funds or cash downpayment
3) estimated 3% buyer's stamp duty
4) $2.5k legal fees
5) valuation fee, stamp duty for mortgage etc

Thus you need around $161k as a Singaporean. Since you have $40k CPF OA funds, you will need to fund the balance by cash.

Hope my explanation helps!

If you need further assistance or advice in your property purchase, feel free to contact me. Cheers!

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,

If you have no other loans, your indicative loan amount should be around 534k, which means a downpayment of 166k+ stamp duties of 18.6k (to be funded by cash+cpf). May I know if you have this amount ready at the moment? If so, will be glad to share some value-buys.

Thanks and hope to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Total 166+18.6 = 184.6k* (to be funded by cash+cpf) Read More

Good Day and Thank you for your query.

Based on the information provided and assuming your salary is fixed at $4k per month with no other outstanding debt under your name including car loan, student loan, credit card outstanding balance not fully paid monthly etc, you may qualify for up to $534k mortgage loan.
*If your monthly salary is variable, your maximum mortgage loan may be up to $374k.

Estimated Cash flow for $700k first private property as following:
5% Cash: $35k
15% Cash & CPF: $105k
BSD: $15,600
Total Cash + CPF Required including Lawyer’s Fee etc For Singapore Citizen: $185k
*If PR, add 5% more or $35k

I would like to recommend Sims Urban Oasis by Guocoland located 350m from Aljunied MRT Station for your consideration.
463sf 1BR Loft units with 3.2m high ceiling are starting from $671k.
More information can be found in this link: http://www.propertyguru.com.sg/listing/18643415/for-sale-sims-urban-oasis

For a summary of other properties within $700k, please visit this Dropbox link:
Pricing Guide of Properties For Sale:
https://db.tt/pB9WrjVu

Kindly consult your preferred and trusted bankers to get IPA before making any decision.

As we do not get prompted when you respond here, kindly contact us directly should you require additional information.

Thank you and have a pleasant week ahead.

Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: +65 82250212 
Email: karrien.realty@yahoo.com

POWERFUL NEGOTIATORS
PropNex Realty Pte Ltd
Service You Trust
CEA Licence No.: L3008022J

Project Core Team:
Executive Condominium
D19 The Vales - New
D19 The Amore
D18 Sea Horizon
Condominium
D19 High Park Residences - New
D18 The Santorini
D15 70 St. Patrick's - Last 3 Units
D15 Flamingo Valley - Fully Sold
D14 Tre Residences
D14 Sims Urban Oasis

Floor Plans & Listings:
http://propertyguru.com.sg/agent/karrien-n-chan-295771
Pricing Guide of Properties For Sale:
https://db.tt/pB9WrjVu Read More

Hi,
If the purchase price is 700K, the cash and cpf amount for the 20% down payment is 161K. The loan quantum base on 4K fix salary is around 500K ((not serving any other loan) with 30 years tenure and monthly instalment at 2.246K.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More