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HI, the estimated max loan quantum should be 750K base on your monthly salary. For project UC, it will be progressive payment. Please drop me an email for me to share the details of the cost break down and the progressive payment details.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi,

Is the 615K given from the bank? Max loan depends on your age, credit, income profile and your outstanding debt obligations. If you have no other debt obligations, max loan for a 30 year tenure based on TDSR of 60% should be around 630K, which is not too far off from your figure.

Breakdown of purchase price for SC 1st purchase as follows:
5% cash
15% cpf
80% max bank loan
3% stamp duties and legal fees

For private propertues under construction, it follows progressive payment. Your 20% downpayment has to be ready in 8 weeks. There could be some projects that absorb stamp duties which I could recommend. May I understand your requirements further?

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10 com Read More

Hi there,

Please feel free to contact me at 96659926  for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner, to explore your loan quantum & for me to propose alternatives and options for your perusal.

As I am currently the developer appointed sales team with one the most affordable under construction property in Tampines, I have a thorough understanding of all the key aspects of the purchase that you will need to look out for - loan, financial flow, legal matters, transaction caveats for price analysis etc. Rest assured, I will walk you through the entire process.Furthermore, since you are not liable to pay me any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

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

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 Overall Top Achievers
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More

Hi,

In getting a condo, you will need to ensure you have the following:
First 5% = cash
15% = CPF or Cash (If your CPF is not enough, you will need to pay balance in cash)
Stamp Duty (3%-$5400) = can use CPF (but you will need to pay in cash first and lawyer will help to reimburse from your CPF)
So, full cash portion = 8%
CPF = 15%
assuming your bank loan is 80%
Once you have no problem in this 20% downpayment, purchasing your dream condo is not a problem.
On the stamp duty, developers will not absorb them. Prices in showflat are nett price, unable to nego.
Payment is by progressive payment scheme, which means upon 3 mths completion, your monthly instalment will kick off.
Let me know if you need any banker to contact you for IPA first. Once all these are done, I can drive you around for some showflat viewing. Feel free to contact or write to me if you have any questions. No obligation. Thank you.

Best Regards
J.A.Goh
HP: 96390350 
Email: gohja@singnet.com.sg Read More

Hi,
For the condo purchase (for new ppty that is under construction), you need to place 5% booking fee, within 8 weeks, you need to pay 15% (either CPF or cash), the stamping fee (3% - $5,400) is payable within 2 weeks after you exercise the option.
If you are getting a loan of $615K, assuming bank is granting you 80% loan financing, then you should be able to look at purchase price of $768K.
Payment for new project is under progressive, the loan that you took would be progressively disburse to the developer after each stage of the construction is complete. You are only require to service the monthly instalment on the amount disburse and not the full amount.
Feel free to contact or write to me if you have any questions. No obligation. Thank you.
Best Regards
Kelvin Chen
ERA
HP: 84282282 
Email: kelvinchen.era@gmail.com Read More

Good afternoon buyer,

Nowadays new launches are offered at nett price which developers have taken ABSD, stamp duty absorption etc into consideration. And for private new launch, normally it will be offered at normal payment scheme and not deferred.

As a Singaporean purchasing first residential property in Singapore, you will need to fork out around 23% of the purchase price provided you can obtain a 80% bank loan.

1) 5% cash downpayment (booking fee)
2) 15% CPF/ cash downpayment (pay within 8 weeks from OTP date)
3) estimated 3% buyer's stamp duty (pay within 2 weeks from exercise of S&P)
4) misc fees like legal fees, valuation fee, stamp duty for mortgage etc

If you have intention to finance your mortgage through CPF, the max CPF withdrawal limit will be 120% of valuation limit which is the lower of the purchase price or market value of the property at the time of purchase, as assessed by the Board. You may use your Ordinary Account (OA) savings up to the VL to buy the property and/or pay the monthly instalments of the housing loan.

Hope my explanation helps! If you need any assistance in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com Read More