AskGuru Q&A Community

Morning,

What sizing unit are you looking at?
Any particular area you are looking into?
Have you applied for your SPR status?
If you are buying as foreigner, you will be required to pay stamp duty of 18%, excluding legal fee.
However, if you are buying as SPR, you will only be required to pay stamp duty of up to 8%.

Do feel free to contact me so that I can assist you further.

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

Hi,

You can only purchase resale EC or private condo. You may wish to consider to take up a higher bank loan, which is up to maximum 80% of purchase price. My banking partners will be able to assist. For a PR-FR purchase, breakdown as follows:

Cash 5%
CPF 15% (if any, otherwise cash)
Max bank loan 80%
Stamp duties 18%
Legal fees approx 3K

Thanks and may I understand your housing requirements further before further value-adding?

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, for me to very comprehensively chart out your financial calculations flow and for us to explore the available options and alternative.

Rest assured, I will walk you through the entire process- assisting you all the way from finding the perfect property to negotiating for the best price to post deal paperwork, to establishing financial calculations and ascertaining risks. Furthermore, since you are not liable to pay 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

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

Good evening buyer,

As a PR, you won't be eligible to purchase a new EC. You might have to turn to resale EC or private condos.

Before house hunting, I will advise you to do an in principle approval with my bankers first so you can have an idea how much loan you can obtain.

Secondly, i will advise you to purchase the property by yourself because if you are purchasing it with your foreign spouse, you need to fork out 15% additional buyer's stamp duty while as a SPR, it's 5%.

Lastly, do let me know your finances on hand. I will draft a financial plan to see what should be your budget because your finances must be enough to pay an initial outlay of 28% if you are purchasing it by yourself.

1) 5% cash downpayment
2) 15% CPF/ cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% ABSD
5) $3k legal fee
6) $1k valuation fee
7) $500 stamp duty for mortgage

Hope my explanation helps!

Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Property Avenue Pte. Ltd.
Vice President (Agency)
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More