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Good morning Nick,

Do take note that to be eligible to purchase a resale HDB as SPRs, both of you must fulfil SPR status for at least 3 years respectively.

In regards to your bank loan, probably let my banker advise you on it so we will have a better idea how much can you obtain.

For cash outlay, it really depends. If you don't have enough CPF OA funds for 15% CPF downpayment, you also need to fork out cash. For better understanding, let me elaborate on the initial outlay:

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 fee
6) $200 valuation fee
7) $80 resale submission fee
8) agent's commission (1% of purchase price plus GST)

Hope my explanation helps!

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

Hear from you soon! 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

Morning Nick,

In reference to your concern, it would be ideal for my banker to assist your accordingly. As they said, we should get the right person to get the job done right.

Do contact me further if you require my assistance.

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

Hi there,

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, for me to very comprehensively chart out your financial calculations flow.
Rest assured, I will walk you through the entire process.

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

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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