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I am looking to buy a ready-to-move-in Condo, preferably a 2BR unit .I am a Singapore PR for the past 8 years. How much i need to put for down payment (rest taken as a loan from a bank).My budget for the property is less than 600k.Kindly advise.
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5 Answers

Hi Mr. Lim,

For SPR 1st residential purchase, typical breakdown as follows:
Cash 5%
CPF 15%
Max Bank Loan 80%
Stamp duties and legal fees approx 3%

May I know how much funds (cash+CPF) are you planning with? For 600K, typically you can find newer launches of 1bedder, but there are under construction. Will be glad to recommend some projects for your consideration. Thanks and look forward to assist with your 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 
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(Client's Testimonials) Read More
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Apologies, typo.

Hi Mr. Lim,

For SPR 1st residential purchase, typical breakdown as follows:
Cash 5%
CPF 15%
Max Bank Loan 80%
*Stamp duties and legal fees approx 8% Read More
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Morning Mr. Lim,

For SPR buyers, the following component have to be paid using cash:

1) 5% ABSD
2) 5% down payment, based on 80% loan

The following can be paid using CPF OA:

1) Legal and standard stamp duty
2) 15% down payment, based on 80% loan

With you budget of $600k, we can work on 1 bedder unit.

Do feel free to contact me should you require additional assistance.

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

The initial cash outlay :
20% Cash (5% Cash & 15% CPF)
80% Maximum Loan
3% Buyer Stamp Duty
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 2014/2015

2015/2016 ERA Asia-Pacific Business Conference Elite Award
ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14/15
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
Overall 2014/2015 ERA Top Achievers Read More
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Hi Dick,
A quick estimation, cash + CPF for a 600k property will reqired 170k. To assist you and advise you more accurately on the purchase, kindly drop me an email.

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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