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Most buyers of real estate properties in Singapore will usually require a home loan to finance the purchase, and the maximum home loan 1 can get for a property purchase is capped at 75% of the value of the property. Balance 25% should be ready funds where at least 5% of the amount should be in cash and remaining to be CPF or mixture of CPF and cash. Depending on the purchase price of property, relevant stamp duties may apply up to 5% with the latest revision. If you are not a Singapore Citizen, additional stamp duties will apply too.

I have been in the real estate business since 2009, with more than 13 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.

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Geryl Lim
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Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Landed Dynamic Alliance
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Hi,

For a $1mil condo, for 30 years old Singaporean buyer with no other loan commitments, he/she should have approx 30% ($300k) for downpayment + stamp duties + legal fees, and should be earning fixed monthly salary of at least $6,910 to loan $750k (75% of $1mil).

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
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Good morning,

Care to share more information about your finances so I will be in a better position to advise on your budget.

Let's say you are able to obtain max 75% bank loan,

you need to come out with these:

- 25% downpayment (minimum 5% cash balance can be in cash or CPF)
- stamp duties (buyer's stamp duty and ABSD if applicable)
- legal fee
- valuation fee etc

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
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Hi,

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

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

Hi Sir/Madam

1. Do you intend to take loan for your purchase?
If yes, Before shortlisting project/unit, I will suggest to check your in principal approval of your loan from banker.
I can connect you with reputable banker for this, free of charge and no obligation.

2. Based on $1 mill, and assuming loan is 75%
5% Cash = $50,000
20% Cash/CPF = $200,000
BSD (Cash/CPF) = $24,600
ABSD (Cash/CPF) = might apply
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share the breakdown for this calculation including timeline.

3. How many bedrooms are you looking at and which area you prefer?
To check out other project: https://96608508.eraagent.sg/projects
I have current price list, promo of every projects in Singapore and will be glad to advise you

I will be glad to assist, no agent fee from private property buyer
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

1) Due to the MAS policy, our max loan for residential property is 75%.
2) Therefore we have to prepare at least 25% for the down payment; of which 5% must be in cash, and the 20% can be in cash and/or funds from your CPF OA.
3) For a $1M property:
(a) 5%: $50k (in cash only)
(b) 20%: $200k (in cash and/or CPF)
(c) Buyer stamp duty: $24,600 (cash if buying a resale, can apply for reimbursement from CPF if there are sufficient funds. Took about 8 weeks from completion of the sale)
(d) Legal fees: $2.5k~$3.5k (cash or CPF if there are sufficient funds)

4) For a $1.5M property:
(a) 5%: $75k (in cash only)
(b) 20%: $300k (in cash and/or CPF)
(c) Buyer stamp duty: $44,600 (cash if buying a resale, can apply for reimbursement from CPF if there are sufficient funds. Took about 8 weeks from completion of the sale)
(d) Legal fees: $2.5k~$3.5k (cash or CPF if there are sufficient funds)

5) For a $2M property:
(a) 5%: $100k (in cash only)
(b) 20%: $400k (in cash and/or CPF)
(c) Buyer stamp duty: $69,600 (cash if buying a resale, can apply for reimbursement from CPF if there are sufficient funds. Took about 8 weeks from completion of the sale)
(d) Legal fees: $2.5k~$3.5k (cash or CPF if there are sufficient funds)

6) There are no agent fees incurred if you engaged an agent service to buy a private property.
7) Lastly, if you have an outstanding mortgage loan then the max loan will be reduced to 45% instead.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,
I would be glad to assist you.
Feel free to contact me at 97100155  .
Hope to hear from you soon.
Pei
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
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