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Hi,

Based on the info you have given, assuming you have no other debt obligations, a 3bed up to max $1.1m shouldn't be an issue. For private property, you can rent out the rooms immediately after your purchase no issue.

The typical age ceiling for loans is 65 for bank reference, hence its still max 30 year loan for a Loan-To-Value ratio of 80%. The monthly CPF OA contribution you get can be used to service monthly mortgage no problem.

It appears you are quite financially equipped to purchase a condo. May I understand your requirements further so to make better recommendations to your plans? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Hi

You can buy a private condominium with your current residency status.

For private condominium, you may rent out the room without much restrictions.

Broadly, if you have no other loans or debt obligations you may be able to loan about S$800,000 for a period of 30 years. Thus, your budget would be approximately S$1.0 mio.
Do seek confirmation from a banker on the loan amount.

If you would call 9620 0827  or email to gavin.ng@orangetee.com, we would be glad to run through the expenses to be incurred when buying the property

Gavin Read More

Hi buyer,

Basically you can get a private condo worth around $1Mil (subject to loan approval) and rent it out immediately; your age is perfectly fine for a mortgage; there is no minimum sum to maintain in your CPF account as well.

Feel free to contact me at your convenience, and I can bring you to view suitable units.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

I would not advise you to stretch your finances at this current economic situation, therefore I would recommend you to consider the older ECs where you can probable purchase it around $800k. As most ECs are located near amenities, renting out of rooms will be easier than other projects.

I do have a handful of units which you may like to consider.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Claim your free home report today at http://bit.ly/ClaimFreeReport.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi,
Base on your OA 95k plus cash of 180k, the estimated max purchase can go up to 979k. I would suggest not to stretch up to the max but purchase around 750 - 800k. The calculation is base on 28% of the purchase price. Pls drop me an email for me to share with your the cost breakdown.
Assuming the purchase is 800k, 80% loan will be 640k with 30 years loan tenure, the monthly instalment is around 2.56k. Can utilize CPF to serve the monthly instalment.
Suggest to get bank loan IPA asap.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More