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Hi,

Typical breakdown for SPR 1st property purchase as follows:
Cash 5%
Cpf 15%
Max bank loan 80%
Stamp duties (BSD+ABSD) and legal fees approx 8%
Agent commission 1%+GST
COV (if any)

Figures and timeline will vary depending on the purchase you made eventually. For a professional and hassle free process and to get a good price, it will be ideal to engage a buy-side agent. May I understand your requirements further so to make better recommendations? Thanks and look forward to value-add to your plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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Afternoon,

If both of you are eligible for 80% loan, you will need to prepare the following:

1) 5% ABSD in cash
2) 5% Down Payment in cash
3) 15% Down Payment in CPF and/or cash
4) 3% Standard Stamp Duty
5) Legal fee of around $2500
6) Agent fee of 1%
7) Miscellaneous fee of around $500

Do feel free to contact me for detail discussion.

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

Good afternoon buyers,

If you are able to obtain max 80% bank loan, your initial outlay will be as such:

1) 5% cash downpayment
2) 15% CPF/ cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% additional buyer's stamp duty as SPR
5) $3k legal fees
6) $200 valuation fee
7) $80 resale submission fee
8) $500 mortgage stamp duty
9) 1% agent commission plus 7% GST etc

Usually law firm will advise you to pay stamp duties in cash first because CPF board might not release the funds within 2 weeks to IRAS.

You might need around $90k based on estimation.

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YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

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Hi

I have read the responses from the other fellow agents and they have given you a comprehensive advice on the expenses.

Have served mainly SPR/SPR buyers and most time the ABSD can be paid through CPF. The timeline to complete will likely to be about 4-5 months from option date.

You may call 9620 0827  or email to gavin.ng@orangetee.com if you have further questions.

Gavin Read More

Hi,

Re: The best deals available through SG Professional- BuyRealtor.com & NewLaunchDeal.com

Total initial cash and CPF: $168,200 needed to purchase a 620K HDB (Inclusive of $31000 ABSD n $13200 buyer stamp duty)

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

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