Buying a Condo in Singapore
Let us help you find your dream property. ZERO commission payable.
Why engage us when buying your condo?
Real Estate Professionals
Here at Condosales.sg, we provide the utmost service for all our clients. When it comes the time to buy, you can be assured that we will guide you step-by-step to find a property that will best suit your needs.
We are also committed to providing the best customer service possible, to ensure that all your queries and concerns are being addressed every step of the way.
Finding you the right property
Through professional experience, the latest technology and analytics, we are able to utilise knowledge, information and specialised apps to assist you in finding your dream home.
As we analyse all aspects of multiple properties daily, we are very familiar with the process of matching our clients with their ideal property.
Bespoke services and support
As you engage our services, we want to ensure that you have a pleasant experience with us. Purchasing a property is very personal and we recognise that every buyer is unique.
As such, we work to tailor our service to cater to each individual instead of a one-size-fits-all approach. Rest assured, whenever you have a query or need any advice, we will respond as promptly as we can, even after your purchase.
5 steps to finding your next property
Financials and budget
Understanding your property requirements
Property search and shortlist
Schedule property viewings
Next, we will schedule and visit the shortlisted properties with you. Throughout your entire experience, we will ensure that you work with a dedicated professional agent who can answer any questions you have, and make the entire process clear and transparent.
Negotiations and paperwork
Schedule a free, non-obligatory consultation now!
Share with us your home requirements or any questions you have.
Frequently Asked Questions (FAQ)
These can be divided into 3 parts; the downpayment, loan, as well as relevant taxes and fees. A downpayment of 25% is required, of which 5% must be cash, and the remaining 20% cash and/or CPF. You can take a maximum loan of 75% based on the current Loan-To-Value (LTV) limits, subject to Total Debt Servicing Ratio (TDSR). Buyer’s Stamp Duty (BSD) applies to anyone buying a property in Singapore, and this differs depending on the price of the property. Other fees to look out for are legal conveyancing fees (est $2,500) as well as valuation fees (est $500).
Here’s a breakdown of the numbers, assuming this is a one million dollar purchase.
– $50,000 Cash
– $200,000 Cash / CPF
– $750,000 bank loan
Taxes and fees
– $24,600 (BSD)
– $2,500 (Legal fee)
– $500 (Valuation fee)
Total cash and CPF needed: $277,600
Once the housing loan is disbursed by the bank, the monthly mortgage will start. Assuming a 75% loan over a 30 year tenure at 2% interest, the monthly mortgage works out to be $2,772.
After understanding your requirements, budget and timeframe, we will shortlist suitable properties and coordinate the viewings. We will then provide you with a pricing review and analysis, while connecting you with our trusted bankers to assist with your housing loan and valuation.
Finally, we will handle the paperwork together with our dependable legal partners. We will keep you updated throughout the entire process. All you have to do is wait for your key collection! Leave the home-work to us!