AskGuru Q&A Community

Hi,

The max loan LTV is 75%, if you do not have other outstanding residential home loan. So minimum downpayment is 25%.

Typically we will consult the banker first to get an IPA indicative attainable loan amount from the bank because we proceed with another purchase deposit.

If home loan is not available, then you have to use cash and CPF OA to fund the full purchase price, although it will be in progressive payments in tandem with construction progress milestones.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever

SEAA Salesperson Achievement Award (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 11th Achiever in Feb 2024 (Top 1% Company Level)
ERA Top 64th Achiever in March 2024 (Top 1% Company Level)
ERA Top 37th Achiever in Oct 2023 (Top 1% Company Level)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

New launch condo Buyer Mr and Mrs Huang
:

While we are searching for an agent to help us with purchasing a unit at a new launch condo, we get to know Ivan from PropertyGuru. Initially we had issue with the funding. Ivan has been extremely patients with all our questions and ideas during financial planning.Our ballot queue is not in the front, however Ivan has always been able to propose options for us to eventually get a decent unit that both my wife and i liked.Being the first timer ourselves, there are always so many questions marks and unknowns. Yet Ivan has been the one single person that we can always rely on, be it financial, legal, or even renovation related. The follow-up is literally within a snap of finger - we could always expect an accurate reply within minutes. It's a short and eventful journey, we are really grateful that such an outstanding and committed agent like Ivan is aroun d to support & guide us along the way. A big THANK YOU to Ivan for the great effort and commitment. Read More

Dear Buyer,
If you are looking to purchase a 2nd property in SG, it is going to be really tough if you are not able to get a bank loan with a 20% ABSD. So, I would advise you to reconsider your investment option and you may want to look at overseas investment in the region where the developer or their agents assist you lease and maintain your unit. This will be a much cheaper option for your investment needs.

Please contact me so that I can be of further assistance.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More

Not a good time to buy property. Also, buying new launch is not advisable. Prices are very high and with ABSD, you are likely to lose money Read More

Do you have outstanding loan for your existing property? If you do, maximum loan you can get is 45% with remaining 55% in cash and/or CPF, otherwise the maximum loan is at 75%. If your loan is not approved, then you will need to pay off in cash/CPF subject to your basic retirement sum in CPF.

You could have misunderstand the monthly instalment payment. In purchasing a property, your monthly instalment is to the bank who granted you the loan as the bank will undertake the risk to pay on your behalf to the seller first. That why they need to assess your finances to determine if they want to loan you the amount required for the purchase, therefore if your loan is not approved, you will need to fully settle the amount in cash/CPF. Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, perhaps I could refer a mortgage broker to you and to sort out your loan first?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

The minimum downpayment is 25%, provided your first property has been fully paid up. This is also subjected your ability to take up the maximum 75% loan based on your TDSR.

If your first property is still under mortgage, then the LTV would be 45%, and you will need to pay up to 55% in downpayment.

Take note that ABSD is applicable, on top of the normal BSD for all purchases. For Singaporeans, ABSD is 20% for second property purchase.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

Hi there,

- The minimum down payment for a newly built condo as a second property is typically 25% of the purchase price, but it could be higher depending on the loan amount and financing options.

- If your loan isn’t approved, you won’t be forced to pay everything in cash. You can explore financing options, refinance with a different bank, or even restructure the deal with the developer.

- Monthly installments are available depending on the loan type and approval. However, be sure to check with your bank on repayment terms.

Thank you.

Family realtor solved 1000+ property problems,
- Mani Subramanian Veeramani
Social Media Tags: /AskRealtorMani @AskRealtorMani #AskRealtorMani
Get 3 proposals, 2 action plans, and a property valuation report now
https://wa.me/6583004411
Connect with the Top 1% Real Estate Voice LinkedIn Singapore
https://www.linkedin.com/in/AskRealtorMani/
PS: Here is the list of Below Market Value Properties & Download my 10 eBooks.
https://linktr.ee/AskRealtorMani Read More

Hi, appreciate your sharing. If no loan given, have to be pure cash plus additional buyer stamp duty required for the 2nd purchase.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More

1. **Max Loan LTV**: Up to 75% if you have no other outstanding residential home loans.

2. **Minimum Downpayment**: 25% required.

3. **Consult Banker**: Get an Indicative Approval (IPA) from the bank for the attainable loan amount before making a deposit.

4. **If No Loan Available**: Use cash and CPF OA to cover the full purchase price, with payments made progressively according to construction milestones.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
----------------------------888--------------------------------888--------------------------->>>
"If you need more assistance with property matters:
like renting / selling, buying / or investing, I'm here to help!
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )
(***) You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
For buyers, I offer solutions for sourcing resale and new private homes at no charge.
I can connect you with reputable bankers for private housing loans free of charge and with no obligation.
I also have partners to assist with mortgage home insurance matters.
Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!
*** You can reach me at my Singapore mobile: (65) 98 56 92 55 or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
*** DEVELOPER SALES TEAM !!! BEST PRICES !!! NO AGENT FEES !! LOWEST PRICE GUARANTEED !!!
*** Connect Singapore Line: (65) 98.56.92.55
FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST !!!
*** Here are some exciting condominium launches in Singapore scheduled between June and December 2024:

> - Located at Yuan Ching Road in District 22, this 99-year leasehold development is set to preview in June 2024. Sora offers a mix of modern amenities and scenic views near Jurong Lake.
> - A freehold development in District 17 at Flora Drive, set to launch in July 2024. Kassia is designed for those who appreciate luxury living in a serene environment.
> This 99-year leasehold property at Bukit Timah (District 21) is expected to launch in September 2024. It caters to families looking for prestigious schools and nature reserves nearby.
> - A highly anticipated freehold development in District 2 at Anson Road, launching in Q4 2024. It combines luxury living with proximity to the Central Business District.
>- Situated at Shenton Way (District 1), this 99-year leasehold project is ideal for those seeking a prime location near Marina Bay and the financial district, with a launch expected in late 2024.
Launching in Q3 2024 - >
Right next to Lorong Chuan MRT on Circle Line and close proximity to Serangoon.

LASTLY , For Newly TOP Condominium that Need RENT / SELL FAST *** Connect Trusted Singapore Property Agent , Myself
At ABLE Toh*** 98.56.92.55 ***
XXXXX The End XXXXXXX Read More