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Good afternoon Junie,

Great hearing from you.

You might not know that SC-SPR couple doesn't not need to pay any ABSD as IRAS will treat their first residential property purchase in Singapore as their first matrimonial house.

The initial outlay will depends on which type of loan you are taking (HDB or bank loan).

If HDB loan, you can loan up to 90% and you can pay your 10% downpayment fully by CPF (if have).

If bank loan, you can take up to 80% while 20% downpayment will be 5% cash and 15% CPF/ cash.

So your initial outlay will be either at least 13% if not it will be 23%.

13% - $46,800 to 23% 82,800.

Hope my explanation helps!

If you need any assistance or advise for your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com Read More

Hi there,

At preliminary hindsight,
You will not be liable for ABSD, as this will be treated as your first property purchase in Singapore. Calculations will be mainly influenced by your loan amount.

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner- and run you through your entire cash flow chart and help plan your finances for your purchase.

I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks.

To value add your understanding, I will provide you with a comprehensive sales report of properties in the desired location, make available to you recent live sales transactions caveats for your understanding,share on financial calculations/ loan related matters and make available rental yield projections, if needed as well as future capital appreciation stakes. As the transaction of a property involves matters of finances and legality, I have my partners whom I work closely with to assist you immediately on all queries pertaining to the relevant field, which makes it hassle free!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
dkumar@era.com.sg

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More

Hi,

You should be eligible for ABSD remission (ie no ABSD payable) if its your 1st matrimonial home for SC-PR resale HDB application. If there's no CPF, cash outlay depends on how much loan you are taking up.

All calculations I will glad to assist and illustrate further. Hope to speak with you soon.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Afternoon Junie,

As you are buying under public scheme, with SC and SPR, ABSD is not required. As for how much cash is required, this would depend if you are taking bank loan or HDB loan. It would also depends on if you are getting any housing grant.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi.
Let me assist you in getting through the whole buying process.
You may reach me via 91442664  for a detailed discussion.
Tricia Tan
SMS/WATSAPP/CALL 91442664  Read More