Good evening buyers!
I do understand your unfamiliarity in purchasing your first house in Singapore.
Not to worry. I will be of great help to you as much as possible.
First do take note that for SPR household, both must fulfill SPR status for at least 3 years before you are eligible to purchase resale HDB.
Let say you are able to obtain max 80% bank loan, your initial outlay will be as such:
1) 5% cash downpayment (inclusive of $5k option fee)
2) 15% CPF OA funds or cash downpayment
3) estimated 3% buyer's stamp duty (CPF OA funds)
4) 5% ABSD as SPR (CPF OA funds)
5) $80 resale application (cash)
6) $200 valuation (cash)
7) $2k private legal fee (CPF OA funds or cash)
8) agent commission: 1% of purchase price plus 7% GST (cash)
I can share with you a flowchart of a typical resale HDB purchase so you use it as a guide along the way and understand when to make certain payment.
In addition, maybe you can share with me your finances (CPF OA funds and cash) on hand so I will be able to advise your budget.
Hope my sharing is beneficial to your property purchase.
I assisted quite a number of SPR buyers before and wish you can benefit from me like them as well.
Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727
(M):
+65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
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