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A 4 room BTO owner looking to upgrade to a mansionette in Hougang/Sengkang area. Doing my initial research right now. Able to advise what is the monthly CPF contribution for a exec mansionette.
also the conservancy charges and monthly utilities bill range?
thanks
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4 Answers

Hi,

It depends on the loan amount you are taking, for a bank loan of 500k at 2% interest for 25 years tenure, its about 2.1k for the monthly mortgage, which can be partly serviced by cpf. Add the s&cc charges and PUB bills it will add up to about 2.3-2.5k/mth.
EM around the area should be 600k-700k thereabouts, depending on location, size and floor area. I don't think theres any EM in sengkang.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
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Evening,

The conservancy charges varies from estate. Monthly utility bill is also dependent on your usage. I have heard of owners who have clocked utility bill at $400 plus per month while some are as low as $90 plus per month.
As for the monthly installment on the mortgage, it would depend on how much loan you are getting. This is proportionate to how much CPF fund you have, purchase price of the unit, age of the unit and your credit cum income status.

Do feel free to contact me for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi,
Financial calculation and planning is the first step, this include the estimated sale proceed, the bank loan quantum, the monthly instalment so to know your budget.

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
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