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Good evening buyer,

With your budget, you will most likely be looking at 3rm flat in those two locations if not will be smaller size 4rm (4rm simplified).

If based on $350k, you need to prepare as such:
1) 5% cash downpayment: $17500
2) 15% CPF OA or cash downpayment: $52,500
3) buyer's stamp duty: $5200
4) 5% additional buyer's stamp duty as SPR: $17500
5) $3k legal fee
6) $200 valuation fee
7) $80 resale submission fee
8) agent commission (1% of purchase price): $3500

These figures are based on the assumption that you can obtain a 80% bank loan.

It will be good to start househunting 1 month before you fulfil your 3 years of SPR status. Pointless to start too early because you cant ink on the OTP yet.

Hope my explanation helps!

Probably we can get in touch first. Hear from you soon!

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
(W): www.propertyavenue.com.sg Read More

Evening,

I have a 3 room flat at Blk 232, AMK, #12, asking at $338k nego. Being SPR, you will need to prepare cash for payment of 5% ABSD. You will also be required to prepare cash for 5% down payment and some additional as your CPF is not sufficient to cover the balance 15% and standard stamp fee and legal fee.

Do feel free to contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More