AskGuru Q&A Community

Hi,

For private condo purchase, a minimum cash downpayment of 5% of purchase is required. It does not matter whether it is under construction or resale. Yes, holding period starts from the date you exercise the OTP / S&P.

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,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

We like to commend our realtor, Ivan Ng, whom we appointed as our exclusive agent to sell our flat in 2016.

Our estate had just touched 5 years MOP and had quite a number of competing units for sale, and we were concerned if we can secure a decent offer in the current slow market.

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship. Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start.

It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end. Interestingly, the eventual buyer commented Ivan was the only agent who was respectful to his mum during his viewings, which helped with his decision.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. We are kept informed regularly on the profile of the viewers as well as their feedback. He was there for all viewings, timeline coordination, financial planning, valuation, inspection all the way to HDB completion appointment. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

We're looking to find an investment property next and will be glad to work with Ivan again for the long-term to restructure our property portfolio. He has become a friend now, and we are most happy to recommend his professional services to our loved ones and friends. Read More

Hi

The 2 questions you ask will lead to other questions like what would be the loan quantum? What would be the manner of holding? How long will the transaction takes and so on and so forth.

If you are serious in investing than I would suggest that you may either call 9620 0827  or email to gavin.ng@orangetee.com.

We should be able to support you.

Regards

Gavin Read More

Hi,

The 5% down payment is needed , in any circumstance however you are right about the holding period.

Private property transactions is my niche market and will be glad if you could furnish me with more information so that I can FULLY understand your requirements and specifications to be able to succinctly shortlist and come up with a customized list of units for you to view at no obligation!

I will walk you through the entire process, shouldering all the responsibilities- assisting you all the way from finding the perfect unit to negotiating for the best price to post deal paperwork. I will also provide you with the rental transaction caveats and rental report to further enhance your understanding of the market sentiments.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

#1 team of ERA in Singapore, Asia Pacific and international for 2014.

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Overall Top Achievers
2014 Aug/Sept/Dec ERA Top Achievers
2014 3rd Quarter ERA Top Achievers Read More

Dear Sir/Mdm,

For new projects, there is a standard 5% booking fees that is required to be paid in cash.

There are many new projects in the market currently and therefore it is important to buy the right one especially in the event that you will need to pay the Additional Buyer Stamp Duty. I have just served a client in a similar situation as you and she purchased a unit at Sims Urban Oasis as recommended by me due to excellent location and the upside potential. Prices are also comfortable for a 2nd property starting from slightly over 900k.

Please feel free to contact me so that I can understand your objectives better and also share with you further why I feel this project is worth looking into!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Good evening Investor,

The minimum cash downpayment for a Private Property is 5% regardless whether it is nearing TOP or has achieved TOP. You are right about the holding period.

There are several good options out there for projects which have TOP or soon-to-TOP. It is crucial to choose the right development which will be the best investment for you.

Do contact me at 91708295  and we can discuss further. I will send you details of projects for your consideration.

I look forward to assisting you to secure the right investment property.

Bhavina Kaur
ERA Realty

+65 9170 8295 
bhavina7777@gmail.com
investbuysellrent.com
facebook.com/hellobhavina Read More

Hi,

Since your HDB has been fully paid, and this will be your 1st property loan, you will be eligible to a maximum of 80% loan, subjected to bank's approval.

Hence, a downpayment of 20% will be needed. This will comprise of minimum 5% cash, with the balance 15% can be paid by CPF.

For new launches or developer sales, you will be required to put in 5% booking fee. For resale units, it will be 1% option fee, followed by another 4% upon exercise. The balance 15% downpayment from CPF will be towards completion for both new launches and resale.

Have you assessed all your options in the current market? Do you know that you may be able to save on ABSD and yet own 2 properties without touching your personal savings? There is also a chance you may stand to get a passive monthly income from there.

I have helped many of my clients create a stable passive income just from their first HDB flat, and many of them now own 2 properties, with more than sufficient funds to finance their mortgage payments for their 2 properties for the next 5 years. I would love to assist you in your property investment journey too!

Should you need any 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

Hi,
The standard procedures is to pay 5% + 15% with 80% loan. Please drop me an email for me to share more of the details.

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

I am contactable at my mobile or email.

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