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Hi,

Have both of you held SPR status for at least 3 years? If so you can purchase.
Typical breakdown for resale flat of 450k as follows:
Cash 5% 22.5k
Cpf 15% 67.5k
Max bank loan 80% 360k
Stamp duties and legal fees approx 8% 36k
Agency fees 1%+GST 4.815k
Hdb admin fees approx 500

This is assuming no COV is involved, hence its ideal to engage an agent who can manage your purchase professionally and nego a good price for you for a hassle free transaction. Thanks and hope to value-add further to your plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
ERA Realty Network: L3002382K
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Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good morning buyer,

Do take note that both of you have to be SPR for at least 3 years respectively to be eligible to purchase a resale flat.

Normally the following costs are needed in the initial stage if you are eligible for 80% bank loan:

1) 5% cash downpayment
2) 15% CPF OA or Cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% additional buyer's stamp duty as SPR household
5) $2000 legal fee
6) $500 stamp duty for mortgage
7) $200 valuation fee
8) $80 resale application fee
9) agent's commission (1% of purchase price)

Btw do you have any overseas property? Do take note that you will have to dispose them within 6 months from purchase completion. If not, probably you should seek exemption before committing to a purchase.

Hope my explanation helps! If you need further assistance or advice in your property purchase, feel free to contact me. Cheers!

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

Hi,

Re: Our Preferred Experienced SG Realtor

Cash portion is the $5000 for the intial deposit of HDB.

Total inital cash/ cpf investment: $120,600 needed.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.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.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
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Hi Mrs Soo,

For a $450,000 flat, you will need the following:

Cash:
1. 5% of Valuation - $22,500
2. 5% Additional Buyer Stamp Duty - $22,500 (paid using CPF first)
3. 1% Agent Commission - $4,500
4. Valuation Fee - $200
5. HDB Admin Fee - $80

Total Cash: $49,780

CPF:
1. 15% of valuation - $67,500
2. Normal Stamp duty - $8,100
3. Legal Fees - $2,200

Total CPF: $77,800.

Total Loan (80%): $360,000.

Please contact me at 9644 4854  to discuss more about your purchasing plan!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial for Satisfied Clients (2015)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.

We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB) Read More

Hi Chee Yee,
Why not let me assist you to compute the loan amount and work out the cash flow required.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

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

Evening Mrs. Soo,

As SPR, you will need to prepare 5% cash for ABSD. With 80% loan, you will need to prepare another 5% cash and 15% CPF for the 20% downpayment. However, you are allowed to utilize all your CPF OA monies if the unit that you are buying have a balance of more than 59 years lease. Standard stamp duty of 3% and legal fee are also payable via CPF OA.

Do contact me further should you require my assistance.

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

Gd morning
5% Cash,
15% cpf,
ABSD & Stamp duty - Cash or cpf
Legal fees- cash
Agent fee- cash
Hdb misc fees- cash
Please feel free to reach me via 91442664  , I would be pleased to assist you through the entire transaction.
Look forward to hear from you.
Tricia Tan 9144 2664  Read More