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Hi am a PR ... I have a condo i bought in my name will finish 4 years next month, so no stamp duty on sale amount. Sale amount would be approx 1.15 ml SGD ( loan 826) plus i have another 170k in cash.

My question is i am looking to buy another house with a budget of 2.ml 2000 sqft with balcony - closer to mrt and city ( any suggestions ? with the new ABSD Is my budget for the new house high? will i be able to afford and have smooth sale/buy of this transaction as i only 170k more cash. not sure on the workings .. any help would be appreciated
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7 Answers

Hi Mr Abhijit, for your case, pls note that your stamp duty payable will be at 13% for your 2nd property. And pls feel free to let me know if you need any banker's contact so that the banker could work out the financial calculation for you.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More
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Hi Mr Abhijit,

In the case you sell of your property and purchase, ABSD should not be an issue for you. Whereby it would be that of a 1st property consideration.

For us to succinctly work out your options and maximize your time, it will be great to catch up so that I can have a better understanding of your current exact finances to illustrate your financial cash flow projections & calculate and amalgamate your intended projected sales proceed to ascertain your final purchase price for your property. Furthermore, we will also need to work out your loan- by my bankers at cost. With my financial calculations & loan cleared, we can have a final and precise purchase price. This will aid in proposing your options. And is best done in an interactive and personalized session so that you can throughly understand what's the value for your money, your options in the city fringe or such, for me to share insights into the market & recent caveats to benchmark your buffer prices as well as to enhance your understanding on how to facilitate a smooth buy sale process.

Let's catch up at 96659926  and allow me to walk you through this process seamlessly!

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

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Afternoon,

Firstly, I would need to understand if you are SC or SPR or foreigner. Do you have any existing proper in hand? How much CPF do you have? How much mortgage loan will be eligible for you?
With all this data, we can work on the sums to understand your situation better. If you are SC without existing property, after the sale of your current condo, you will only need $100k for the 5% down payment on a unit valued at $2mil. The balance of 15% down payment have to be made by cash and/or CPF.

Do contact me further for detail discussion.

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

It depends on how you are going to structure this sale & purchase and your purchaser profile (which determines your stamp duties). Whether your sales proceeds is sufficient to fund the next purchase depends on the loan amount you can get and also the CPF you have at hand. There are several details I would need before I can do a detailed financial breakdown for you. May I have the opportunity to discuss further with you? How should I get in touch? Thanks

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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YT Tan (陈永达)
Good afternoon Abhijit,

Probably you can share more information so I can draft out a financial calculation to see whether you able to upgrade to a bigger unit taking the ABSD into consideration.

Sale:
1) CPF utilised plus accrued interest
2) any outstanding loan
3) Full address of subject property

Purchase:
1) $170k cash on hand
2) any balance CPF OA funds on hand?

Hope to hear from you soon!

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
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Hi Mr Abhijit,

Based on what you have given, there is a possibility that you can afford the next property. Will require more information such as the balance CPF amount in the Ordinary Account.

Do contact me so that I can work it out for you. I focus on assisting home owner to look at their current property portfolio and then customise strategies based on individual property needs in order to ensure that their money work harder for them.

Do contact me to allow me to share more with you.

Vera Wang
H/P No.: 8777 7907  Read More
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Based on rough estimates, you might be able to upgrade to 1.76M property if loan is not an issue.
It's possible to afford higher if you have extra fund in CPF on top of the sales proceed.

Feel free to call for further discussion or email for a detailed breakdown of the calculation.

Warmest regards
Belinda Zhao
Senior Marketing Consultant
CEA Reg No. : R051311G
Huttons Asia Pte Ltd
Mobile: (65) 9628 0661 
Email: belindazhao1@gmail.com
Property Listings :http://www.findnewlaunchsg.com/ Read More
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