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Hi, appreciate your sharing. Propose to sell current unit before purchasing to prevent additional buyer stamp duty. Able to check with banker and law firm on your current case. Loan able to loan first and full repayment later.
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 there, is there a reason for you to want to embark on such a financial arrangement for your BUC purchase?
There are two important details you might want to take note.
Firstly, ABSD for second property is quite punishing ranging from at least 20% depending on your citizenship.
Secondly, In terms of financing, we can choose the progressive payment route but you will not be able to utilise your CPF for the repayment until you have shown CPF that you have made the necessary arrangement for the remaining payment be it via mortgage or your remaining savings. Drop me a call/WA if you have any other questions and I would be happy to clarify your doubts and help you plan out the timeline for your intended purchase.
Regards
Rix
 9687 1379 
PN Read More

Hi

Do you mean you are currently holding on to and own another residential property at the moment? If that's the case, this BUC will be your 2nd property and there will be an ABSD payable, 20% if Singaporean profile purchasing. This ABSD is on top of the downpayment and BSD.

There is a CPF regulation in which you have to show you are able to cover the full purchase price via a combination and sequence of cash cpf and home loan, before they allow you to draw down the CPF OA for downpayment use. In your example, the moment you plan to activate CPF OA for use, CPF board will require you to show that you are able to get a 55% loan approved before they will allow drawdown. If you are able to use 45% all in cash, you can choose to apply loan later. But not really recommended because loan policies may change by then and your max loan tenure will be shortened by 2 years as you age.

Happy to structure a tailored solution for you so you will be able to achieve your desired outcomes. May I know which BUC you are looking at?

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
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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, may I know which BUC are you looking at? And could I refer a mortgage broker to you ?

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

Dear sir/mdm,

Such arrangement will require you to pay the 20% ABSD first on top of the normal BSD, unless you mean the existing property that you plan to sell is not under your ownership.

You will also not be able to utilise your CPF funds for the progressive payment unless you are able to show that you have the necessary finances to cover this purchase without taking up the loan.

This means that from timeline perspective, it will important to plan out this aspect and will likely require you to sell your existing property first to show that you are able to fund this purchase. Otherwise a loan maybe required in order to proceed with the purchase and pay the ABSD first before applying for remission if you fulfill the eligibility criteria.

——

I have been in the real estate business since 2009, with more than 15 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 15,900 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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Hi Sir/Mdm,

It is challenging to purchase a BUC without first selling off your property because you will be liable for the ABSD which is a significant 20%.

Moreover, as part of the conveyancing, you will need to get a bank loan to prove that you are able to keep up with the payment of the BUC.

Please feel free to contact me so that I can understand your intentions and assist you better!

Regards,
Nick Tan
(M) +65 96 44 48 54
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We have the privilege to work with Nick on our recent house purchase and we are extremely grateful for all the help he rendered to make the purchase a seamless experience!
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Overall, Nick remains reactive and portrays professionalism in this entire process. We would definitely recommend him to our friends and family who are looking for their next home/move opportunity.

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Hi Do contact me at 97970200  to understand more and discuss.

Mark, your RIGHT choice
Propnex Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

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QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More