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Dear sir/mdm,

In this case why are you not considering a HDB loan since the interest rates are lower? Do you have the balance funds (cash and CPF) to make up the shortfall to $520k if you are only able to loan up to $390k? Including stamp duties and the miscellaneous fees involved in the purchase process.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, could I know why are you not applying for the HLE since the interest rate is only at 2.6% ?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Good evening,

your budget will depends on the housing grant available for you and finances (CPF OA funds and cash) on hand.

Care to share more so I will be in a better position to advise and assist you further.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
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Hi,

1) Information provided is Single and intention of buying an HDB flat.
2) This implied you are an SC as a single SPR is not eligible to buy an HDB flat.
3) You have the option of using an HDB loan or a bank loan. The current interest rates are 2.6% and 4% respectively. This raises my curiosity about your intention of using a bank loan at this time.
4) You are not wrong theoretically that by having a loan of $390k your highest purchase budget is $520k.
5) However you have to also consider the other fees involved such as buyer stamp duty ($10.2k for $520k), legal fees, and other miscellaneous costs.
6) Unless you are intending to use all cash for these elements then it should be fine.
7) But if you wish to better utilize your funds' cash/CPF, then you will need a more detailed tabulation to understand which option is best fitting your current situation.
8) I would suggest you speak to a real estate agent to understand more before making your move.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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