Hi,
The initial cash outlay:
20% Cash -5% Cash & 15% CPF
80% loan of purchase price
3% Buyer Stamp Duty
15% ABSD (foreigners)
3k approx legs fees
If you think in a long term perspective and wish to not just own your individual residence but at the same time achieve some financial capital gain via purchasing a property, I reckon this tax should not act as a deterrence. The Singapore property market is on a downside and prices are already at its low. There are currently massive discounts and firesales of up to 30% on properties even in the prime district. This discounted price can be treated as an offset to your taxes plus cheaper than you would purchase if you would move your purchase to another time. Government has spoken about the Reviewal of measures in the property market which may cause a revival in demand and prices in soon.
Since this is something new to you, allow me to run you through step by step ; the entire procedure - from financial matters, to legality, to price analysis and properties portfolio selected as I've been in the business for years, and that too at NO cost!
Let's get in touch at
+65 96659926
for me to understand your requirements, expectations and investment objectives. Following that, I will work out the financial calculations cash flow and breakdown of purchase with progressive payment to see which options you can consider.
Furthermore, do note that there is NO agent fees involved and I will walk you through this whole tedious process step by step consisting of : explanation of procedure, shortlisting, negotiation, paperwork, establishing financial projections / application of loan, sharing of market insights, providing up to date transaction caveats/ price analysis of properties/ comprehensive sales report as well as handling all technical matters and legal coordination at NO cost!
D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com
#1 team of ERA in Singapore, Asia Pacific International for 2014.
ERA 2015 Q1 Top Achievers (Top 1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award
P Group
2015 April ERA Top Achievers
2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers
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