I will list out all these costs for private property purchase.
Provided if you can obtain a 80% loan, downpayment will be 5% cash and 15% CPF/ cash.
1) 3% buyer's stamp duty
2) 5% additional buyer's stamp duty as SPR for first property
3) $3k legal fees
4) $500k stamp duty for mortgage
5) valuation fee
6) other misc fees
FYI normally for private transactions, you don't have to pay any agent fees if you engage a real estate salesperson to assist you in your property purhcase.
Maybe you can share more information with me so I will be in a better position to advise you.
Hope to hear from you soon!
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171
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For SPR buying 1st residential property, breakdown as follows:
Max bank loan 80%
Stamp duties n legal fees 8% (legal fees about 3K, but its about 8% when added with stamp duties)
For private residential resale transactions, buyers typically pay no commission as we share it with the sellers agent. For developer sales, developer will pay us a service fee.
Thanks and may I understand your requirements further to value-add?
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