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Hi Qiu Pei,

Thank you for your question.

Yes, as SPR both of you will be eligible to purchase private residential properties in Singapore, including resale ECs that have turned 5 years or older.

Buyer Stamp Duty is at 3% - $5,400 while Additional Buyer Stamp Duty is at 5% of the purchase price, given that you are looking at the price range of $1m or below. Do also take note that at $650k, there is extremely limited options available and is likely to be a 1 bedroom unit.

Is there anything else we can assist further in?

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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Warmest regards,
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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Good morning Qiu Pei,

Yes both of you are eligible to purchase a private condo or resale EC that is at least 5 years old and above (MOP fulfilled) as your first residential property in Singapore but do take note that ABSD of 5% as SPR will be applicable on top of the buyer's stamp duty of estimated 3% to 4% of purchase price.

With your budget set at $650k, will you be okay with a studio or 1 bed?

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

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Hi Qiu Pei, Yes you are eligible. Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi Qiu Pei,

Yes SPR can purchase resale EC / private property. Overseas property are not counted, so this resale EC / private property purchase will be considered your 1st property. The stamp duty rate will be 3%+5% , so based on 650k, there will be a total stamp duty payment of 46.6k.

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)

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- Property Buyers Mr & Mrs. Wang : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we are very happy with the unit we bought. Thank you very much, Ivan! Read More

Hi Qiu Pei,

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. By the way, yes a SPR is eligible to purchase resale EC unit or a condo.

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

Hi Qiu Pei,

1. Yes, you are eligible to buy private condo / resale EC that has fullfilled 5 years MOP

2. 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.

3. If you are not holding other property in Singapore, then it will be considered as your 1st property
For PR 1st Property, Based on $650k, and assuming loan is 75%
5% Cash = $32,500
20% Cash/CPF = $130,000
BSD + ABSD (Cash/CPF) = $46,600
Legal fee = $2,500 (estimated)
Please contact me at (65) 96608508  and I can share the breakdown for this calculation including timeline.

4. How many bedrooms are you looking at and which area you prefer?
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,
Yes both of you are eligible to buy private condo / resale EC (at least 5 years old).
I would be glad to assist you.
Based on 650k, BSD+ ABSD of $46,600 is payable.
Feel free to contact me @ 97100155  or https://linktr.ee/peiproperty.
Hope to hear from you soon.
Pei @Propnex Read More