4 Answers

Tricia Tan 陈丽子
Good afternoon. Let me help you and guide u through the whole buying process.
Feel free to reach me at 91442664  so we could discuss further.
Tricia Tan propnex Read More
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Hi

1. 20% down payment (5% cash and 15% cash or cpf)
2. Stamp duty around 3%
3. Being able SPR, there is an ABSD (additional buyer stamp duty)
4. Legal fee (2-3k
5. Salesperson commission 1%

Do let me know if you need any assistance.

Thanks
Sunil
 81630450 
Suni550@gmail.com
R046137J
CandH Read More
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YT Tan (陈永达)
Good evening,

Have both of you fulfill the SPR status of 3 years respectively?

If not, you might not be able to purchase a resale flat under public scheme.

If yes, the figures will be as such:
1) 5% cash downpayment
2) 15% cpf downpayment (cash if shortfall)
3) estimated 3% buyer stamp duty
4) $500 stamp duty for mortgage
5) $80 resale submission
6) valuation report $210
7) $3000 legal fees
8) 1% of purchase price plus 7% gst as agent vommission
9) 5% additional buyer stamp duty

I can forward you the financial plan and flowchart for a typical resale hdb transaction too.

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

YT Tan
ECG Property
 9111 5171 
Yt.lovelyhomes@gmail.com Read More
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  • AF
    can using CPF to pay the #3 to #9 as in the list above ?
YT Tan (陈永达)
Good afternoon,

In fact most of the expenses need to pay by cash:

1) 5% CASH downpayment

2) 15% cpf downpayment (CASH if shortfall)

3) estimated 3% buyer stamp duty - CASH first, if got excess CPF OA funds after 15% CPF downpayment then the cash amount will be reimbursed to the amount of CPF OA funds used

4) $500 stamp duty for mortgage - CASH (normally on exercise date)

5) $80 resale submission - CASH when you exercise OTP

6) valuation report $210 - CASH when you get the OTP

7) $3000 legal fees - CASH on completion date

8) 1% of purchase price plus 7% gst as agent commission - CASH on completion date

9) 5% additional buyer stamp duty - CASH only

How much cash and CPF OA funds both of you have on hand so I can advise you further with a financial plan.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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