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Hi, firstly congrats on fully paying off your first property.

Firstly, I will assume that both of you are singaporeans, and as you are both purchasing a second property together, an ABSD of 20% will be incurred.

Assuming you can get the maximum loan amount of 75%, the minimum cash downpayment is 5% which is $75,000.

Money needed to set aside
Cash - $75,000 (5%)
Remaining downpayment in CPF or Cash - $300,000 (20%)
Buyer Stamp Duty - $46,000 ( pay in cash, can reimburse with CPF later )
Additional Buyer Stamp Duty - $300,000 (pay in cash first, can reimburse with CPF later)
Legal fees - $2000 (rough estimate)

Loan amount
$1,125,000

Of course, there may be other options available such as selling the HDB to purchase two other private property so as to avoid ABSD if each of you can finance a property on your own.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More

Hi, appreciate your sharing. Due to ABSD required and plus down payment required.
20% - 300,000 require to pay first before refunding back.

Base on 1.5mil with a bank loan
5% cash - 75,000
20% - 300,000 cash/CPF OA
Stamp duty - 44,600

Down payment require is 419,600
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day. By the

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, the ABSD would be at 20% of the purchase price.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Assuming the next condo is joint name purchase by 2 singaporeans, the breakdown as follows:

Price $1.5mil

5% downpayment Cash $75k
20% downpayment Cash/CPF $300k
75% max loan $1.125mil

approx 3% buyer stamp duty (cash/cpf)
44600
ABSD 20% (cash/CPF) 300000
Legal fee 3000

So total dp + stamp duties total = 722600 , assuming 75% loan no issue.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Dear sir/mdm,

I am assuming that you are a Singapore Citizen household. Take note that as a Singapore Citizen, to own a 2nd residential property, you will need to pay Additional Buyer's Stamp Duty of 20% of the purchase price or value, whichever is higher. This is on top of the normal stamp duty which is applicable. Thus basing on a purchase price of $1.5m, excluding the downpayment, the total stamp duty payable is $344,600.

As you have no outstanding home land, you will be eligible to obtain maximum home loan of 75%, of which 5% has to be in cash with remaining in CPF and/or cash combination (subject to existing restrictions on whether you have met your CPF minimum sum if you have utilised your CPF for your current HDB).

Thus the total funds you need to have in both cash and CPF will add up to $721,000 assuming purchase price of $1.5m property.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi,

For 1.5M property
Option fee (cash): 1% - $15,000
Exercise fee (Cash): 4% - $60,000
BSD (Cash first then CPF):$44,600
ABSD (Cash first then CPF): 20% - $300,000
Final payment: 20% - $300,000
Loan amount: Max 75% - $1,125,000
Total (incl Stamp duty): $719,600

Are you looking for an agent to represent you in your purchase? I would be glad to assist you, no commission fee payable.

This platform does not allow me to contact you directly so kindly contact me at
https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by
your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several
agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling
the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole
dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a
trustworthy, honest, sincere and hardworking agent. We are happy with her service and would
gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation
should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and
looking out for great deals and even tailor-made property proposal geared towards their needs. Will
certainly refer her to others and will definitely approach her again in her future--
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--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our
neighbourhood to understand what she was marketing. During the marketing period, she managed
potential buyers and provided timely updates and recommendations so we could stay on top of the
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Samantha (Resale condo buyer) Read More

Hi, thanks for your inquiry, congrats on fully paying ur HDB. The next step is very exciting yet can be daunting cos the figures involved might be quite overwhelming when one does not plan out their options carefully.

Additional taxes involved, loan and duration of the investment portfolio and other factors that may affect your investment returns in a certain period of time.

Do reach out to me and i will be glad to share more on the market outlook and property analysis and a detailed customise financial proposal for your sale/purchase/investment.

Do follow me on my social accounts (FB, IG, TT) as i share educational content every now and then. My handle @shoanproperty.

Have a nice day ahead,
Shoan
 98216829 
PropNex
Www.shoanproperty.com Read More

IF two Singaporeans buy a condo together for S$1.5 million, they'll need S$75,000 in cash for the initial 5% downpayment. They can use a combination of cash and CPF savings for the remaining 20% downpayment, which amounts to S$300,000.

They're planning to take a 75% loan of S$1.125 million, assuming they qualify. On top of that, they'll need to pay approximately S$45,000 in Buyer's Stamp Duty and an Additional Buyer's Stamp Duty (ABSD) of S$60,000, along with S$3,000 for legal fees.

In total, the upfront costs for the downpayment, stamp duties, and legal fees will be around S$483,000.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255

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like renting / selling, buying / or investing, I'm here to help!

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Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

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