3 Answers

Daniel Tan
Dear Sir/Mdm!

Good day to you!
I’m Daniel Tan from Huttons.

Based on your situation, as you have an outstanding mortgages on your existing property, you will only be able to take up a loan of 50% of your new purchase.

Another factor to consider will be the ABSD. if you choose to keep your existing home after the new purchase, the ABSD amount will be:
- 7% ABSD for Singaporean Buyer 2nd property
- 10% ABSD for SPR Buyer 2nd property

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Have a great day ahead.

Best Regards

Daniel Tan
Huttons Asia Pte Ltd
(+65) 94775100
daniel.tck@outlook.com Read More

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YT Tan (陈永达)
Good morning!

Do take note that you will be subject to additional buyer's stamp duty of 7% as a Singaporean.

Thus your initial outlay will be 60% of purchase price.

1) 25% cash downpayment
2) 25% CPF downpayment
3) estimated 3% buyer's stamp duty
4) 7% ABSD
5) legal fee, valuation fee, stamp duty for mortgage

Thus as of now, your finances might be only able to afford a $217k property. Property with such quantum is currently not available in the market.

Hope my explanation helps!

If you need any property assistance in the future, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

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CK Ang
Hi, don't over stretch yourself with the cash and CPF. Let me share with you the option to purchase condo. Please drop me an email.

I am reachable at my mobile or email.

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

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