AskGuru Q&A Community

Hello Mrs Luo!

Good day to you!
I’m Daniel Tan from Huttons.

Yes, you and your husband can purchase a private condo unit. Singpore private apartment and condo are eligible for foreign ownership.

Maximum loan tenure:
This will greatly on your age for the loan tenure. If you do not have any other property in Singapore, you can expect up to 80% loan, for a tenure of 30 years; subjected to bank approval.

Initial upfront for a S$700K unit:

1. 20% downpayment - S$140K
2. Buyer Stamp Duty (3% minus S%5,400) - S$15.6K
3. Additional Buyer Stamp Duty (Foreigner) - S$105K
4. Other Misc fees (legal, valuation, mortgage stamp duty) - ~S$4K

Total initial downpayment for a S$700k unit will be around S$265K cash.

Possible to contact me and share with me more on your requirements and details, so as to allow me to better assist you with your purchase.

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Have a great day ahead.

Best Regards

Daniel Tan
Huttons Asia Pte Ltd
 (+65) 94775100 
daniel.tck@outlook.com Read More

Good morning!

I will always advise my buyers to apply for in principle approval first so they can gauge how much loan can they obtain based on their income, TDSR etc.

Can I get my banker to advise you on this?

Btw do take note that SPR will be subject to 5% additional buyer's stamp duty for their first property purchase on top of the usual estimated 3% buyer's stamp duty.

If based on $700k, your downpayment will be estimated 28% of the purchase price provided you can obtain a 80% loan.

28%:

1) 5% cash downpayment
2) 15% CPF or cash downpayment
3) estimated 3% BSD
4) 5% ABSD
5) valuation fee, legal fee, stamp duty for mortgage

Hope my explanations help!

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
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi Mrs Luo

Please feel free to make and exclusive appointment with me to answer all the questions you have right now. I will be more than willing to explain to you in detail. Email/call or sms me @ +65 86 86 71 66

Best regards,

Zack
Your agent, Your preferred working partner
ERA
zacktan88@gmail.com
+65 86 86 71 66 Read More

Afternoon Meihua,

Being S pass holder would mean that you will be liable for 15% ABSD, other than the standard stamp duty and legal fee. Depending on your age and income status, you might be able to obtain 80% loan and 30 to 35 years loan. The 20% down payment will be payable by cash since neither of you will have any CPF.

Do feel free to contact me for further discussion.

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

Hi Mrs Luo, are you aware of the cooling measures that will affect your buying ? Have you got your IPA ?
There are a lot of information a foreigner buyer should be aware of. Don't rush for it. Find out more to avoid unnecessary cost. I can share with both of you the estimated cost, loan, restriction...etc Please drop me an email.

I am reachable at my mobile or email.

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