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Hi,

If you are SC and have met MOP, you can purchase a 2nd property. There is no deferred payment scheme for private condo like Kingsford, regardless you need to put 20% downpayment (5% cash 15% cpf) and relevant stamp duties within 8 weeks of booking condo. Thanks and may I discuss further with you before value-adding further? My firm ERA is marketing Kingsford, and I'm glad to share more on the value-buys. Thanks

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

Evening,

As of today, deferred payment scheme is no longer of existence. And to purchase the condo without the need of cash at hand is no possible. If your current unit have existing loan, bank can only provide you with max of 50% loan. 25% of the down payment have to be in cash and balance 25% can be paid with CPF, after setting aside the CPF minimum sum. Even if you have cleared your HDB loan, you will need 5% cash and 15% CPF for the down payment on 80% loan. Not forgetting the ABSD of 7% for SC on their scone property in holding.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi there,

I am from the developer appointed sales team/ preview team for Kingsford Waterbay. Hence, I have first hand information on hands and will guide you comprehensively through your financial matters and beyond for your intended purchase.

Furthermore, since you are not liable to pay any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 Overall Top Achievers
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More

Good evening buyer,

Great hearing from you!

Seems like your friend is providing you with the wrong information. Nowadays for new launches, deferred payment scheme has been abolished but you will still do see them in EC launches.

For your case, as long as you fulfill the applicable minimum occupation period, you are eligible to purchase a private property.

As you still have outstanding loan, you can take up to 50% bank loan with 25% cash downpayment and 25% CPF or cash downpayment.

You will still be subject to additional buyer's stamp duty on top of the normal buyer's stamp duty based on your residency status.

And you have to set aside a minimum sum of $77.5k if you have utilized CPF OA funds in your current flat.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. I will advise you based on a financial plan.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Property Avenue Pte Ltd

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More