How Much Legal Fees?

[Topline 1]

Hi

Can I check how much would legal fees usually come up to (excluding the bank's subsidy) for the purchase of a private condo? I will be using CPF monies.

[Husky 0]

Hi

Can I check how much would legal fees usually come up to (excluding the bank's subsidy) for the purchase of a private condo? I will be using CPF monies.

for "normal" private condo, I believe its around $3000-$3500. If it is super highend luxury condo, I believe it will be more.

[Topline 1]

for "normal" private condo, I believe its around $3000-$3500. If it is super highend luxury condo, I believe it will be more.

Does this include all the fees, printing costs, stamp fees etc? Read from orange tee website that there are search fees, stamp fees, disbursements, mortgage fees....

[leechaorui 2]

Does this include all the fees, printing costs, stamp fees etc? Read from orange tee website that there are search fees, stamp fees, disbursements, mortgage fees....

I think the legal fees will include the search fee, printing cost, transport, etc.. but does NOT include stamp duty. Stamp duty is a 3% tax of the transacted price of property levied by the government when you purchase a property. If your purchase price of your new property is $1 million, the stamp duty is $30,000. This can be paid using your CPF monies.

[CutePinkElephant 0]

I think the legal fees will include the search fee, printing cost, transport, etc.. but does NOT include stamp duty. Stamp duty is a 3% tax of the transacted price of property levied by the government when you purchase a property. If your purchase price of your new property is $1 million, the stamp duty is $30,000. This can be paid using your CPF monies.

30k ar? alot hor.....

[therat 18]

30k ar? alot hor.....

ya.. $1M property la..

around $580K property the stamp fee is like $15K around..

[leechaorui 2]

30k ar? alot hor.....

It is not exactly $30K because you still can less $5,400 from the fee $30,000.

The website is here:

https://concorde.asianconnect.com/esp/image...e.xls#'Sale & Purchase'!A1

[Yaling 0]

How much is the legal fees for changing the name of the owner for pte condo?

[bepgof 20]

Read this: http://www.propertyguru.com.sg/question/21...-transfer-the-o

Tuty Halim's reply is short & sharp, but no details.

Adrian Lim's second half reply, I think, suit you. Die die must pay 2 components: stamp duty & lawyer fee. Stamp duty is calculated as such (your share's market value x 3%)-$5,400). If yr father to become the sole owner, then he needs to pay you, of course yo can pay him back at your wish. Legal fee chow chow varies between 2k-3k.

You may wish to contact Whelene Loh who is at "mentor" level, sold a condo unit for me in 2009, very professional and approachable.

How much is the legal fees for changing the name of the owner for pte condo?

Edited February 21, 2011 by bepgof

[wheehs 0]

Based on my experience (as buyer):

It'd be better if you call direct to the lawyer for the legal fee rather than ask property agent.

Even though they (agent) recommend the same lawyer, Their quotation might be "higher".

[bepgof 20]

Yaling, clarification: The "buyer" of yr share pays for the stamp duty fee + lawyer fee. Have to settle the mortgage loan too, if any.

Read this: http://www.propertyguru.com.sg/question/21...-transfer-the-o

Tuty Halim's reply is short & sharp, but no details.

Adrian Lim's second half reply, I think, suit you. Die die must pay 2 components: stamp duty & lawyer fee. Stamp duty is calculated as such (your share's market value x 3%)-$5,400). If yr father to become the sole owner, then he needs to pay you, of course yo can pay him back at your wish. Legal fee chow chow varies between 2k-3k.

You may wish to contact Whelene Loh who is at "mentor" level, sold a condo unit for me in 2009, very professional and approachable.

Edited February 22, 2011 by bepgof