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Hi Khin Thuzar,

Yes of course! Even if they are not relatives, they are able to purchase condominium in Singapore together. Do take note that if this is their first residential property in Singapore, they will be required to pay Additional Buyer's Stamp Duty of 5% on top of the normal stamp duty required.

In terms of how much they need to prepare, the bare minimal cash component required in a property purchase will be 5% of the purchase price, with remaining 20% making up from CPF or combination of CPF and cash, if the purchasers are eligible for maximum loan of 75%.

Hope the above helps!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi Khin Thuzar

1. Yes it is possible for two PRs (relatives) to buy condominium together
2. Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.
3. Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = $50,000
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share the breakdown for this calculation including timeline.
4. How many bedrooms are you looking at and which area you prefer?
I have current price list, promo of every projects in Singapore and will be glad to advise you

I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi
Yes you are able to do so even if both of you are not relative. As for finances below is general guide based on the purchase price/valuation of the house:
5% - Cash
20% -CPF/Cash
75% - Bank loan
In addition, you will need to incur a buyer stamp duty of approximately 3 % and an additional buyer stamp duty of 5% as you are a SPR. Stamp duty may be financed using CPF. In order to explain and advise further, I will need more information in regards to your financial profile. My service for purchase of private property is 100% free. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
CEA Reg No: R061607B
ERA Realty Network Pte Ltd
Contact No: 93375051  Read More

Hi Khin,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, yes sure no issue with either a single PR or both PR purchasing a private property.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

As long as both parties are above age 21, they are able to purchase a condo together, even if they are strangers.

The minimum cash outlay for condo purchase is 5%, with the balance 20% payable from CPF. Should there be insufficient CPF funds, you can top up the shortfall in Cash too. Maximum loan is 75%, subjected to TDSR and LTV framework.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More