When purchasing a resale private property, some buyers are caught unawares of the cash that needs to be prepared. Here is the list of items that require cash payment: 1.…
Financing & CPF
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If you are buying a Housing Development Board (HDB) flat, you can either opt for a bank loan or a loan from HDB. To assess your eligibility for a HDB…
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Financing & CPFProperty FAQ
Financial Implications of the Sale and Purchase of Commercial and Industrial Properties
by adminInvestors who are looking for alternatives to residential properties may wish to purchase commercial or industrial properties. Before you proceed, do note that there will be a much smaller pool…
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As a Singaporean, your first property is usually for home stay. Therefore, when we buy our first property, our consideration tends to be non-investment related as our main focus is…
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Your monthly repayment for your housing loan comprises of the principal repayment and the interest payment. Factors affecting how much you pay are: The size of your loan The tenure…
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The Loan-To-Value (LTV) is the ratio of the loan to the value of the property. The maximum LTV is 80% for bank loans. This means that if property X is…
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What can I use my CPF Funds for? Your CPF funds can be used to pay for stamp duty, legal/conveyancing fees and mainly for the down payment of the purchase,…
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Total Debt Servicing Ratio (TDSR) The TDSR was implemented on 28 June 2013 by the Monetary Authority of Singapore to prevent private property buyers from over-extending themselves and getting into…