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Good evening buyer,

Do take note that you have to fulfill 5 years MOP before you are eligible to rent or sell the whole unit.

If you are keen on room rental, you will have to be physically occupying the place as well.

It's not easy to find young flat with your budget if you are not keen to consider younger estates (mature estates will usually have stronger rental).

I will usually advise my clients to adjust their requirements along the way until we find something suitable.

I am helping one of my clients who is looking to purchase a 4rm and rent out the remaining two bedrooms. Quite close to your scenario.

Maybe you might want to consider to hear me out?

As for your housing plans, You might not necessarily hold it for 15 years, you can consider to dispose it and get a younger flat once MOP is up etc because it will not be easy to sell off an aging unit that has restriction on cpf and loan usage.

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Accolades:

Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)

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Hi,

You had met a honest agent, and his advices are genuine.

1) It is true that it is not easy to find a flat less than 20 yrs with your budget.
The reasons why your agent had advised are:
(a) HDB or private value dropped significantly after it is less than 60 yrs lease.
(b) Bank does not support loan-to-value.
(c) Cannot fully utilize CPF if buyer is less than 55 yrs old.

2) You can only find them in non-mature estate and at the corners of SG;
(a) North: Woodland, Admiratly, Sembawang
(b) East: Pasir Ris
(c) North East: Punggol, Sengkang
(d) West: Jurong West
(e) North-West: Choa Chu Kang, Bt Panjang, Bt Batok

3) If it is possible, engage an agent to assist in your search. Too much thing might fall apart due to your budget.
(a) Searching: including looking for lease remaining
(b) Price
(c) Budgeting: especially the amount of limited cash component.
(d) Negotiation
(e) Guiding through the whole purchase process including document needed to submit and the e-process that expect everyone to understand what they had committed with such huge quantum involved.

Do note that this might be the most expensive item in terms of monetary you are buying in your life. It is better to go with an agent who are experience and able to explain all the detail for you.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Hi,

What if you can purchase a freehold private property in District 11, within 2 minutes walk to the MRT station, and yet do not need to fork out any cash component in your monthly mortgage installment, would you be keen to find out more?

If you have funds of about $180k (CASH/CPF) for downpayment, this proposal may be suitable for you.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More