AskGuru Q&A Community

Hi,

For Foreigner purchasing Private Condo, breakdown of SGD$1million property, for example, as follows:

Cash 20%
Stamp Duties & Legal Fees 18%
Max Bank Loan 80%

So within 8 to 9 weeks of booking unit, the foreigner purchaser has to fork out 38% of purchase price. (ie 380K for SGD $1mil property).

The 80% max bank loan (balance 800K) depends on your age, credit and income profile, and your existing financial status. As a rule of thumb, the bank will loan up to max 30 years and till the owner is 65 years old. Taking a loan from a Singapore Financial Institution is subject to TDSR of 60% requirements. Perhaps it is best if you speak to one of the bankers I am working with who can clarify further.

May I know when are you looking to purchase, for investment or home stay? What's your long-term plans here? Thanks and hope to discuss further.

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

Hi Mr Linh, one of the cheapest condo will be at Treasures @ G6 and a 1 bedroom is around 550k. What's more, this condo is Freehold.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi Mr. Linh, loan should be the first thing to address before start looking for a condo unless you are buying with full cash. Next is the quantum of the house and last resale or project under construction.
I am sure you have lots more question beside the above asking. Please drop me an email for me to clear all your doubts.

I am reachable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi Mr Linh,

2 months back, I met a fellow investor from Vietnam like yourself here in Singapore and showed him around various projects in Singapore, which he had shortlisted and wanted to put in an offer, however, at my advise to speak to a banker, he realised that he couldn't secure a housing loan for the purchase and went back disappointed. The price range you have quoted at $600k to $1.3m is a huge $700k difference and could afford you a 2nd unit by quantum price therefore I am curious to find out how did you derive the figures for this investment.

Let me know how I may assist further as I am also into managing client's real estate portfolio in Singapore.

Keep in touch.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

Hi,

Please contact me at 96659926  for a non obligatory disucssion for me to run you through all the aspects of your purchase- financial calculations, surrounding price analysis/trends, rental yield& capital appreciation information.

Visit my website for my recent awards and testimonials:
www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
dkumar@era.com.sg Read More

My advice to you is go for resale with property age within 10 years. It guarantees you higher rental yield than new developments.

Of course, location is another important factor to consider.

If you want to know what are the smart choices, give me a call or sms, 8-3-8-8-5-6-3-9 Jason

Email: jasonchen.property@gmail.com Read More

Dear Mr Linh,

I believe by now you will probably have a general idea on the various stamp duties applicable for your intended investment. Have you spoke to a banker in Singapore regarding the funds portion? I have an absolutely rare investment unit allowing you to have immediate returns if you are interested and it is within the budget you have given earlier.

Rented out at $3400 a month until June 2015, this freehold walk up apartment in prime East Coast district is calling for $999k and is about 1185sqf, thereby 20% return of equity.

Let me know if you are keen to explore this project.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!

Another 2 exciting international projects awaits our dear investors.
1) El Tesoro, Houston: Already 70% sold with 100% tenancy. Minimum 8.5% yield. 3-4 bedrooms freehold apartments.
2) Parker Street, Liverpool: Studio or 1 bedroom apartment. Guranteed 6% net yield for 5 years. Located in the heart of Liverpool City Centre.
Interested to own one in each project? Get in touch with us to find out more. Get your friends along too! Read More