Good afternoon,
Since you have no outstanding loan, you are able to loan up to 80% (still subject to TDSR). Downpayment will be 5% cash and 15% CPF (cash if shortfall).
Do take note that:
1) you have to set aside minimum sum of $77.5k in your CPF OA+ SA accounts if you have utilized CPF OA funds in your current property.
2) You will be subject to ABSD of 7% as a SC or 10% as a SPR.
You have to pay ABSD and buyer stamp duty by cash upfront.
If you need any assistance in your properly purchase, feel free to contact me.
I can ask my banker to advise you on your in principle approval so you can gauge how much loan you can obtain.
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
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