For Singaporeans purchasing a 3rd private residential property, you will be liable to pay an Additional Buyer Stamp Duty (ABSD) of 10% on the purchase price. This is on top of the normal Stamp Duty. If your existing 2 properties in Singapore is still under loan, you will be capped on the amount you can loan for your 3rd property. And all these will be subjected to a Total Debt Servicing Ratio (TDSR) of 60% of your monthly income.
Perhaps we could speak further to discuss more comprehensively the crux of your requirements and preferences. Following our discussion, I will be in a better position to conduct an accurate financial projection and breakdown of cash flow for your purchase to narrow down & explore the possible options accordingly at no obligation.
In this new experience with weak market sentiments, it may very well be apt to have yourself walked by step by step in this process to ensure you are not shortchanged in view of your unfamiliarity. This is a buyer's market of weak market sentiments. The question always lies in HOW to leverage on it to get the best possible deal.
I will guide you through the entire purchase- from shortlisting, to negotiation, to establishing loan matters and working out finances (cash/cpf/progressive payment), paperwork, sorting legal matters, providing you with recent up to date transaction caveats for benchmark pricing as well as furnish you with a customized sales report & indicative valuations.
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
2015 Feb/ April/May/June ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers