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Hi,

If you are a SC purchasing a 1st residential private property, breakdown of major cost components as follows:

Cash 5%
CPF 15%
Max Bank Loan 80%
Stamp duties & legal fees 3%

For purchase price, it depends on the bank's professional assessment of the value of the property. At times the valuation will match the purchase price. This is as bank loan disbursed is based on max 80% of purchase price or valuation, whichever the lower. But more importantly, it also depends on the age, income, credit profile of the borrower.

Thanks and may I understand your requirements further so to value-add to your housing plans?

Warm Regards,
Ivan Ng
Proactive. Sincerity. Feedback.
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
Website: http://www.ivanng10.com/#!reviews/c11r1
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Hi,
A. Cost to watch out are stamp duty and ABSD.
B. To be accurate, the valuation price defined the bank loan amount.

To assist and advise more details, kindly drop me an email for me to share.

I can be contactable at my mobile or email.

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

Hi,

The initial cash outlay:
(1) 20% down payment -
5% cash , 15% CPF
(2) BSD
(3) ABSD if PR or Foreigner
(4) Legal Misc Fees

And yes, your bank loan is more likely to affect your purchase price. Your loan will give you an indication of up to how much worth of property you can purchase.

The first step to move ahead is always getting the finances settled. I can link you up with my bankers who will assist you with the approved loan , at no cost. If you have your own preferred banker, that's fine too. Following that, I will conduct the financial cash computations and progressive payments with timeline to illustrate the options you could consider.

Perhaps you can most importantly share on the requirements ; any particular type/ location/ budget to conduct a comprehensive search and shortlist of appropriate units.

Furthermore, there is NO agent fees involved! So you can take this opportunity to discuss more on your preferences & for me to give an entire overview and share more insights to the market, chart out the market price analysis and recent sales transaction caveats, work out comprehensive financial cash projections and provide you with up to date information to the procedural steps and its associated wings- financial (loan) , legal matters etc.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

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