3 Answers


For private property, you can only get the loan from bank. The breakdown is as follow:

(1) 5% cash (1% for OTP, 4% upon exercising) + 15% cash +/or CPF (upon completion)
(2) max 80% loan for 1st loan, max 50% loan for 2nd loan (upon completion).
(3) Stamp Duty:
Basic stamp duty (BSD) = 3%-$5,400 (14 days upon signing of OTP if sign in local)
Additional basic stamp duty (ABSD) if applicable.
(4) legal fee: $2k~$3.5k
(5) Mortgage stamp duty: $500

Timeframe for completion is from 2 months to 3 months dependent on whether seller has any outstanding loan.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK

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For Singapore citizen 1st residential property purchase, typical breakdown as follows:

Cash 5%
CPF OA 15%
Max bank loan 80%
Stamp duties and legal fees approx 3%

Typical processing will take about 3 months from OTP issued to completion. If its your 2nd residential property purchase or you are non singapore citizen, there will be additional buyer stamp duties, and also loan financing may be lower.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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Hi, I believe my colleague has already given you the breakdown. And generally the time frame will be about 3 months from the time you paid the deposit till the time you collected the keys. Pls feel free to let me know if you need any assistance.

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aaronchong2774@yahoo.com.sg Read More