Hi Eric
1. Has her name been listed as a essential occupier in the HDB unit?
If that is the case, have you completed the 5-year Minimum Occupation Period?
Once the 5-year MOP requirement has been satisfied and she is only an occupant without ownership of the HDB unit, she is eligible to buy private property as her first property. Although Additional Buyer's Stamp Duty (ABSD) is still applicable, it is at a rate of 5% for Singapore Permanent Residents purchasing their first property.
2. Do she intend to take loan for this purchase?
If yes, Before shortlisting project/unit, I will suggest to check in principal approval of 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 = $2,800 (estimated)
Please contact me at
(65) 96608508
and I can share the breakdown for this calculation including timeline.
4. How many bedrooms are you looking at and which area you prefer?
To check out other project: https://96608508.eraagent.sg/projects
I have current price list, promo of every projects in Singapore and will be glad to advise you
I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 9660.8508
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) 9 6 6 0 8 5 0 8
Email: Silviayang8@gmail.com
Read More
