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Me and wife are PR and completed period of 3 yrs. while planning for finances, we want to know each component of cost involved in buying a condo. By every cost I mean anything in addition to the agreed price. Including govt taxes, fees, duty, govt Levy, agent commission.
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4 Answers

Evening,

Since you are looking at buying condo, you need not worry about fulfilling 3 years of SPR status. You will need to pay ABSD of 5% and BSD of 3%. As for your loan, if you managed to obtain 80% loan, down payment will be 5% cash and15% CPF. Since you are buying condo, you will not be required to pay agent commission.

Do contact me for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi Mr Kumar,

Basic cash flow breakdown, based on maximum obtainable 80% loan of purchase price, 20% cash payable:
15% CPF
5% Cash

You would be liable for :
Buyer Stamp Duty 3%
(Applicable to all)
Additional Buyer Stamp Duty 5%

In the purchase of a private condo, there will be no agent commission payable.

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner, to explore your residence options and assist you on your financial flow + breakdown.

Based on your requirements and preferences, I will succinctly shortlist and come up with a customized list of units to view.

I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks. I will also provide you with the transaction caveats and sales report to further enhance your understanding of the market sentiments.

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

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

About Me-

ERA Top Achievers 2013/14
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2014 ERA Asia-Pacific Business Conference Elite Award

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Hi,

Breakdown for PR couple for 1st property as follows:
Cash 5%
CPF 15%
Bank loan 80%
Stamp duties (BSD n ABSD) and legal fees approx 8%

Thus, for developer new launches and resale, minimum 28% of the above need to be ready within 8-9weeks, depending on your bank loan. Agent commission not applicable for buyers. Thanks and may I have the opportunity to understand your housing plans further?

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More
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Good day Mr Kumar
For buying condo/pte apt, there is no requirement for 3 years SPR status. As the 3 years of fulfilment only applies to buying a hdb.
Kindly reach me via 91442664  for a detailed discussion, I can give you a detailed breakdown of the financials based on your requirements. Look forward to serving you.
Tricia Tan
 91442664  Read More
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