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Afternoon Darren,

If you are a singaporean, you will be subject to additional buyer's stamp duty of 7% ($70k) on top of normal buyer stamp duty ($24.6k) for your second property.

Loan will be as per normal. 80% loan if loan tenure does not exceed retirement age.

If you are a PR, you will subject to ABSD of 10% ($100k). You will need to sell off your HDB within 6 months from completion of purchase and able to request for refund of 5% ABSD.

Hope it helps!

If you need assistance in your property purchase, I am just a call away.

Cheers!

Warmest Regards,
YT TAN
Senior District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More

Hi Darren,

Total cash you need:

Downpayment 5% = $50,000
(assuming your CPF enough for balance 15%)

Stamp Duty = $94,600

Total = $144,600

Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions.

Thank you & Best Regards
J.A.Goh
ERA Team Director
HP: 9639 0350 
Email: gohja@singnet.com.sg
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg Read More