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Hi,

Assuming you are considering to purchase as a foreigner, the downpayment will be 20% of purchase price, and 18% of purchase price for stamp duties, if you can get a 80% bank loan. To facilitate such a significant payment, I don't think it can be done via credit card only as usually the bank imposes certain credit limits on the card.

It would be best if you could work out a bank transfer and wire to a local account which you will be taking up a bank loan with for your residential purchase. Thanks and may I assist with your housing plans further?

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Good evening buyer,

I will assume you are a foreigner. Do take note you will be subject to additional buyer's stamp duty of 15%.

If you are able to obtain a 80% loan, your initial outlay will be around 38% of the purchase price.

1) 20% cash downpayment
2) estimated 3% buyer's stamp duty
3) 15% additional buyer's stamp duty
4) $3k legal fee
5) $1k valuation fee
6) $500 stamp duty for mortgage.

If you want to pay 20% downpayment by credit card, the transaction might not go through.

Even if you want to book a new launch, normally you have to issue a cheque or cashier order to developer. Doubt developer will accept credit card.

I think you should use cheque rather than credit card.

Hope my explanation helps!

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

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Property Avenue Pte. Ltd.
Vice President (Agency)
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

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D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

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