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Good afternoon,

Do take note that as a foreigner, you will be subject to 15% additional buyer stamp duty on top of estimated 3% buyers stamp duty.

If you can obtain 80% bank loan, the downpayment will be 20%.

Thus initial cash outlay will be around 38% of purchase price, which will be $380k cash for a $1m property purchase.

Hope it helps!

If you need any assistance in your property purchase, feel free to contact me.

YT Tan
ECG Property
 9111 5171 
Yt.lovelyhomes@gmail.com Read More