Hey there,
First and foremost, I congrats you on the decision to purchase a property in Singapore. Singapore Property will definitely one of the most secured investment instrument.
For Private property such a Condo, the typical mortgage loan is maximum 80%. The down-payment 20% are be combination of CPF & Cash (Min 5%).
There are some factors you need to take note:
1. TDSR (Total Debts Servicing Ratio): You are only allowed to use up to 60% of your monthly to pay for your monthly Mortgage instalment.
2. Your current Age: This will affect your mortgage Tenure (how many years to fully repay the mortgage loan)
3. ABSD (Additional Buyers Stamp Duties): As you are on SPR Status, you are required to pay 5% ABSD for your 1st property. This is on top of the 5% BSD (Buyer Stamp Duties). In all, you need to prepare 8% of the purchase price for the duties.
It is difficult for me to provide you with further information as the details you provided are limited. It will be great that we can meet up/call to discuss further, so I can provide you with more accurate information before you make any decision.
Hope the above address to your concern, but if there are more queries, please feel free to call/WhatsApp me at
9366 1846
, or email: shawnkhooch@gmail.com if more information is needed.
I’m obliged to assist your needs.
Warm Regards,
Shawn Khoo
PNG Propnex
BA Design (Hons), DIP Architecture
Email: shawnkhooch@gmail.com
Contact:
(+65) 9366 1846
Whatapps:
(+65) 9366 1846
Facebook Page: www.facebook.com/shawnkhoo
Website: http://www.shawnkhoo.com
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- HDB Sengkang 4rm Landlord Ms Lim--
We approach Shawn to rent out our unit because he is always present in my area, through flyers and road show. He secured our tenant with my expected rental within 2 weeks of marketing and handle all the necessary arrangements. It was a hassle-free experiment for us. Currently, we are getting him to renew our tenancy with the existing tenant.
--- First Time Executive Condo Buyer Mr. & Mrs. Soo ---
We are referred to Shawn by our friend who bought a resale HDB through his services.
At that time, we are pondering whether to buy a resale or BTO. Shawn professionally explained the pros/cons on all possible options. We finally decided to buy a EC after he gone through the financial calculations with us.
We have since moved into our EC and very happy with our new home. Good Job, Shawn
-- HDB 3-rm Sellers Mr. & Mrs. Ang --
We have engaged the services of Shawn Khoo for sale of our flat at Whampoa. We previously faced issues selling our unit. Shawn clearly explained how he is going to market our unit.
Shawn is hardworking and committed to his work. He run Open-House for our unit every week and update us on the status regularly.
We managed to sell our unit within a short period of time. Thanks, Shawn
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