7 Answers

YT Tan (陈永达)
Good morning Raj,

I assume you are a foreigner. Do take note that you will be subject to 15% additional buyer's stamp duty as a foreigner.

Maximum loan eligible will be around 80% thus your initial outlay will be around 38% of the purchase price.

As for your househunting, I will assist you in shortlisting suitable units for your investment portfolio.

Purchase price and rental will depends on a few factors like location, amenities, floor level, house condition etc.

Procedure:
We will make an offer for an unit you like with a 1% cash (resale) or 5% cash (new launch). Once offer is accepted, you will have 2 weeks option period to consider.

Once you decide to go ahead with the offer, you will pay 4% cash to exercise (resale). For new launch, you will have to exercise within 3 weeks upon receipt of sale and purchase agreement.

Pay stamp duties within 2 weeks from exercise date.

To complete the purchase, you will have to pay the balance downpayment within 8 weeks from otp issue date (new launch) and 10 to 12 weeks from exercise date (resale).

I hope I didnt confuse you. Feel free to contact me if you need further clarification.

Hear from you soon!

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

Warmest Regards,

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yt.tan91115171/ Read More
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Tricia Tan 陈丽子
Hi Sir. Firslty can I get a banker to assist you in the IPA. That would help you to get a full detailed on the financials on what would be required upfront for the financial of the purchases.
Looking forward to assist you.

Tricia Tan 91442664  Read More
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Hi Mr Raj,

Thanks for your query!
Yes foreigners are eligible to purchase only private properties in Singapore. However, as a foreigner, the additional buyer stamp duty (ABSD) will be levied in your purchase.

The initial cash outlay :
20% Cash (5% Cash & 15% CPF)
80% Maximum Loan
3% Buyer Stamp Duty
15% ABSD
Legal Misc Fess
NO agent fees

Perhaps you could furnish me with your exact requirements and finances on hands to conduct the financial cash calculations/ progressive payments to reaffirm and shortlist the residences units you could otherwise consider. At the same time, I will take the opportunity to run through the key financial loan approval process, share some market insights/ provide you with recent sales transaction caveats and explain the entire procedural framework involved.

As mentioned earlier, there is no agent fees involved, hence my service and consultation comes at no cost ; and you are assured of being walked by step by step on the entire procedural framework - from technical matters to financial, legal matters and beyond.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May/ June ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More
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Hi Mr Raj,

As a foreigner, you will be subjected to 15% Additional Buyer Stamp Duty on top of the normal Stamp Duty. In total, you will be liable for a total of about 18% stamp duty of the purchase price. For a 5 mil property, you will need to pay about $894,600 in stamp duty. Residential properties are not giving a high yield ie less than 3% in the current market and we are facing a situation of oversupply of residential properties.

You may want to turn your attention to commercial properties instead as what a lot of foreign investors are doing as there is no ABSD. I have a freehold commercial property which developer is selling at a massive discount below the launch price. The property is located in an area with hotels and upcoming transformation. The upcoming MRT is just a stone throw away.

Please feel free to contact me so that I can share with you more information!

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

Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted 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
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Hi Raj,
There are many project for your consideration. Do you know the procedures, the cost break down and the rules of property in Singapore ? Please drop me an email for me to share the details.

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
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