AskGuru Q&A Community

Hi,

Typically for private condo transactions, buyer need not pay commission. Approx 3% stamp duty applies for purchase.

Typical breakdown :
Cash 5%
Cpf 15%
Max bank loan 80%
Stamp duties & legal fees approx 3%

Thanks and may I understand your requirements and assist 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 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Micheal, assuming you are the first time buyer, besides the other cost of the purchase, it would be good for you to find out more on the current market condition as well as the loan you are subjected to in order to formulate your budget. Do drop me a call or e mail for a more detailed discussion before you proceed with the plan.
Cheers
Rix Jim
 9687 1379 
rix.jim@hotmail.com Read More

Hi Michael, stamp duty is not a hidden cost and being a local purchasing your 1st property, it will be at 3% which you could utilised your cpf for it. As for commission wise, for a buyer purchasing a private property, you do not need to pay any commission at all.

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

Hi Michael

Broadly there are two sets of cost expense in buying a property.

1. The property purchase price and 2. the expense incurred in buying the property.

If you can email gavin.ng@orangetee.com, we can do a simulation on the expense.

Regards

Gavin Read More

Hi Michael,

Assuming you're a first-time buyer, the most significan additionalt cost to note would be the buyer stamp duty + legal fees totalling around 3% of your purchase price. Whether it's a new or resale condominium, you do not need to pay agent fees.

Feel free to contact me at your convenience, and we can proceed further from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Good morning Michael,

If you are purchasing your first residential property and able to obtain max 80% loan, your initial outlay will be as such:

1) 5% cash downpayment
2) 15% CPF OA or cash downpayment
3) estimated 3% buyer's stamp duty
4) $2.5k legal fees
5) valuation fee
6) property tax etc

By the way, great news! Private buyers usually dont have to pay agent's commission for their purchase.

Hope my sharing is beneficial to your property purchase.

May I know how can I continue to value add in your purchase?

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 Read More

Hi Michael
Let me get bankers to assist you in IPA from bank first( approval in principle)
There will also be stamp duty payable, legal fee, no agent commission.
Can I assist you through the entire transaction.
Thank you and look forward to hear from you.
You can reach me via 91442664  for a detailed discussion.
Tricia Tan
 91442664  Read More