AskGuru Q&A Community

Hi, if you are a foreigner, stamp duty payable is at 18%. And if you are a PR, stamp duty payable will be at 3% + 5%. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi,

For foreigner or PR status, you can only purchase resale EC or new/resale private condo.

For foreigner, stamp duties is 18% and downpayment is 20%, provided you can get 80% loan.

For PR, stamp duties is 8% and downpayment is 20%, provided you can get 80% loan.

The PR application outcome may take at least 6 months. Thanks and hope to assist with your housing plans further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Morning,

If you were to purchase private property as foreigner, ABSD payable will be 15%, excluding standard stamp duty. As SPR, ABSD will be 5%. If you are able to obtain 80% loan, 20% will then be the down payment.

Do contact me further should you require additional assistance.

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

Good morning buyer,

If you are eligible to obtain up to 80% bank loan (still subject to total debt servicing ratio), your initial outlay will be as such:

1) 20% cash downpayment
2) estimated 3% buyer's stamp duty
3) 15% additional buyer's stamp duty as foreigner
4) $3k legal fees
5) valuation fee, stamp duty for mortgage etc.

If you turn SPR, your initial outlay of estimated 38% of the purchase price as a foreigner will reduce to 28%. ABSD for SPR is 5%.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Good evening buyer,

This is true as if you can obtain 80% bank loan, your 20% downpayment will be 5% cash and 15% CPF OA funds or cash but this is not applicable for your case.

As you are a foreigner, you don't have CPF OA funds thus your 20% downpayment will need to be paid fully by cash.

If let's say you turn SPR, your 20% downpayment will mostly be in cash cause you won't have enough CPF OA funds for 15% CPF downpayment.

Hope my explanation helps!

Btw how much cash do you intend to use for this purchase?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Good evening buyer,

I am afraid to inform you that it's impossible to purchase a private property within $60k as downpayment.

As SPR, your initial outlay will be estimated 28% of the purchase price. With $60k, your affordability is around $215k. So you have to come out with more finances in order to purchase a private property.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More

Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389 
MY Hotline: +60 111 078 8889
Email: Onassis@sgrealtor.com
Skype: incomecare

SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.CommercialSingapore.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.sg
www.MarineParade.sg
www.SentosaIsland.sg Read More