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Hi, assuming you are both SC, the total downpayment you will need is close to $1mil, with 25% downpayment, as well as buyer stamp duty and Additional buyer stamp duty, which goes to around $69,600 and $400k respectively. Along with the legal fees, it is closer to that amount.

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Landon Chew
97 39 60 40
landonchew@email.com Read More

Hi, appreciate your sharing. Loan+Cash+CPF OA = max budget. Do consider the 20% ABSD and initial 3% Buyer stamp duty.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

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

ABSD is depending on whether are you a SPR or SC. As a SC, the ABSD applicable is 20% for the 2nd residential property. If you have fully paid for your existing property, you will still be eligible to consider 75% loan maximum, thus your downpayment should be 25%, of which at least 5% has to be in cash, depending on whether your existing place has utilised any CPF and also the current funds available in your CPF. Read More

Hi,

Assuming both of you are Singaporean, purchasing 2nd residential property, breakdown as follows:

DP Cash 5% 100000
DP Cash/CPF OA 20% 400000
BSD + Legal approx 4% (Cash/CPF) 72600
ABSD 20% (cash/cpf) 400000
Max loan LTV 75% 1500000

So minimum cash is 100,000 , maximum cash can be 972600 (as it depends on how much CPF OA you can deploy). Do note you need to set aside BRS before any excess CPF OA can be used for 2nd property.

I have helped various owners to structure their new property portfolio with new launch purchase in mind and share advice on how to optimize their cash requirements.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

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https://r011838b.propnex.net Read More

Hi Mr Mugen,

Total cash upon booking a new launch condo is 5%. And the balance downpayment 15% is to be paid within 8 weeks. ABSD for Singaporean purchase a second property is 20%.

As it's a new launch, the payment will be paid progressively. You just need to ensure that you have the relevant funds when it's time for the fund to be called upon.

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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

$400k ABSD!! Not worth buying new launch!! Read More

1. **Down Payment (DP)**:
- Cash: 5% (\$100,000)
- Cash/CPF OA: 20% (\$400,000)

2. **Buyer’s Stamp Duty (BSD) + Legal Fees**:
- Approx. 4% (Cash/CPF): \$72,600

3. **Additional Buyer’s Stamp Duty (ABSD)**:
- 20% (Cash/CPF): \$400,000

4. **Maximum Loan (LTV)**:
- 75%: \$1,500,000

5. **Cash Requirement**:
- Minimum: \$100,000
- Maximum: \$972,600 (depending on CPF OA usage)

6. **CPF OA Usage**:
- Set aside Basic Retirement Sum (BRS) before using excess CPF OA for the second property.
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