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Good morning madam,

The maximum loan allowed for any property purchases in Singapore is 75% and this is subject to income assessment as well as your age to determine the loan tenure, therefore you will need to have at least 25% of the purchasing funds ready where 5% of this component must be in cash. Do take note that if you are a Singapore Citizen, your prevailing purchasing stamp duties will be between 3-4% depending on the purchase price if this is your 1st residential property in Singapore.

For more details, we can work out the numbers together so we can understand what your options are. Feel free to get in touch with us for further discussion.

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.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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Geryl Lim
Associate Group Director
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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
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi
You will need 5% cash of the purchase price. If it's a million, than it will be $50,000.
You may text 9620 0827  for a casual chat. We can assist you will an estimated financial calculation.
We have helped our clients overseas more than 12 years in buying for investment property locally and overseas.
Warmest regards

Gavin Read More

Good morning,

Typical breakdown as follows for Singaporean 1st residential property based on $1mil

5% cash 50k
20% CPF OA 200k
75% max bank loan 750k
3% approx stamp duties and legal fees 27.1k

Hence for a $1mil property, assuming 75% loan not an issue, you will need prepare around 77.1k cash.

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)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

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Hi Mdm,

The amount of cash required depends on the quantum of the property that you are purchasing. You are in a good position to buy a unit for investment because you will not need to pay any Additional Buyer Stamp Duty (ABSD) for the purchase.

As a start, it will be ideal to find out how many you are borrow based on your income and age. With the loan amount in mind and the 200k CPF, we can plan your budget better and shortlist the best options that can fit your budget.

Please feel free to contact me so that I can give you an overview of the purchase process and also understand your objectives better.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020 / 2022
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi,

1) When buying for investment, there are 4 items you have to take note of before pouring your money in:
(a) Location: What kind of tenants are you attracting, or expecting?
(b) Rental yield: How long does it take to recover your investment and whether it justifies your investment?
(c) Condition of the unit: How much do you need to add before it is ready for rent?
(d) Growth potential: It will be good if there is any, but be prepared for flat or negative growth for a resale unit.

2) I'm recommending a new launch project for investment purposes. The main reason is that you can expect good ROI in terms of its growth potential.
3) But if it is due to budget constraint, you want to have a 20~30 yrs investment, then buying a resale unit is also an option.
4) You will need to prepare 5% cash for the property you are keen on because the maximum loan we could get from the bank is only 75% for the 1st mortgage.
5) Based on 40 yrs old, income of $6k. The maximum loan we could get is slightly over $600k.

6) Let's say you are eyeing an $800k property you will need the following:
(a) 5% cash: $40k
(b) 20% cash and/or CPF: $160k
(c) Buyer stamp duty (~3%): $18.6k (have to pay in cash first and apply for reimbursement from your CPF if there is sufficient fund)
(d) Legal fees: $2.5k (cash)
So for buying an $800k property, you will need to prepare $61.1k to complete the purchase. You can get your $18.6k back upon completion.

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 query, 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 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 Mdm,

The minimum Cash downpayment for all property purchase under bank loan, is 5% of the purchase price.

Hence, if the property is at $1m, you will need at least $50k Cash for the purchase.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More