AskGuru Q&A Community

Evening,

For buying of property before the age of 55, you can utilize all the funds in your CPF OA. Being your first property, you should be able to obtain 80% loan. Based on your age, you can obtain max of 15 years loan, subjected to income and credit status.

Do contact me further should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Buyer,

I did a rough calculation for you in terms of maximum mortgage threshold, and you're in a pretty good position to get a unit for investment.

Do give me a call at your convenience, so that I can do a more in-depth analysis of your financial situation, before I proceed to make any recommendations of some good projects that I have in hand.

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

Hi,
With your income and CPF OA balance, it is the right time to purchase your 1st home. Fyi, if you purchase a hdb, it is not eligible to rent out the whole unit during the MOP.
Base on the monthly income of 13K without serving any other loan, the estimated loan amount is 1 million with 15 year loan tenure. It is not advisable to stretch out to max, hence I would suggest to invest a 2 bedroom condo below 1 million.

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

Happy lunar new year to you, investor!

Based on your combined income and my estimation, you should be able to obtain max 80% loan of about $900k (10 years) to $1.25m (15 years). But it will be best to left my banker advise you on this.

Since you will have enough funds for full retirement sum, you can choose to utilise all your CPF OA funds for this purchase. This will reduce the loan quantum thus lowering your monthly mortgage repayment.

With your financial ability to obtain optimal loan and sufficient CPF OA funds for downpayment, you can look at units ranging from $1.12m to $1.55m provided you have sufficient cash for downpayment as well.

Hope my sharing is beneficial to your property purchase.

May I know how can I continue to value add in your property purchase?

Warmest Regards,
YT Tan
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
BEstate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi,

Given your finances are comfortable, you do have plenty of options to invest in. You may want to consider a freehold development with an eye for planning for your children's future. Thanks and would be glad to value-add to your plans further.

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

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Sir,

Judging from the information you have provided, you are in a good position to purchase a property for an investment and also to generate a passive stream of income.

Being a 1st time buyer, you will be eligible for a 80% loan and you will not need to worry about paying Additional Buyer Stamp Duty. Based on a rough calculation, you should be able to secure a loan up to 1.2mil.

It will be great if I can link you up with my banker so that he can assist you to do a comprehensive assessment to confirm the eligible loan amount.

Please feel free to contact me at 9644 4854  to discuss further.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.

We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought through Nick) Read More

Dear sir,

Like what my fellow professionals have indicated, you do look like you have healthy financial profile for the prospective purchase, nevertheless, given your age, I would not encourage you to look into maximising your loan amount. Probably a loan figure of $300k to $400k would be comfortable for your monthly mortgage to cover as I do not advise you to "slog" for this investment but rather you ease out towards your retirement and enjoy the rental income by then.

Let me know what your thoughts are and plans moving ahead on top of your intention to purchase. I do have a number of going to TOP projects or tenanted units you may wish to consider.

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

G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

Hi Sir,

I'm glad you explored this option of buying a property for investment passive income.

Given that you're 50 this year, it is always a wise decision to utilise your CPF monies before you turn 55 years of age. Monies invested in property is always better than monies locked up in CPF.

With sound financial planning, you can draw a monthly passive income from the property rental. This is just as good as drawing monies from your CPF, but with added advantages of owning an asset. Your capital will be preserved.

Let us bring this discussion further. I would like to help you draft the best financial plan for your retirement. I can be contacted at my mobile 97486305  .

I await your call. Thank you!

Best regards,
Robbie Chen
Propnex Realty Read More

Hi,

Re: Our Preferred Experienced SG Professional

Will recommend you to be prudent and do not overstretched your budget for bigger unit (2 bedder will be good). Min loan recommended.

Call us now, we can explore further in detail.

We are contactable at 92222389  or onassis@sgrealtor.com.

In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | CES Certified SG Realtor l SGRealtor.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgrealtor.com
Skype: incomecare

Our Clients' Success Is Our Success
“Clients’ always at ease putting their properties with us”

Our SG Realtor Services Youtube
Residential- https://www.youtube.com/watch?v=3kI2tBtopuM
Commercial- https://www.youtube.com/watch?v=ELAXddJ6nEk

I no longer have to introduce myself with presence that memorable at SGRealtor.com, SGAgent.com and SGAgents.com.

Do what the 99.99% won’t do

Upcoming 2016, we are in the progress to create property portals to serve our SG clients better.

www.HiSingapore.com –Singapore Housing and Commercial Property Guide
www.Listing.sg – SG Properties Listings
www.CommercialSingapore.com – Commercial Listings
www.SGHouses.com – Residential Listings
www.Showsuite.com – SG Developer Projects Listings

SG Commercial Websites
www.SGCBD.com
www.CBDSingapore.com
www.SingaporeCBD.com
www.SgOfficeRental.com
www.SgShophouse.com

SG Landed Houses Websites – www.LandedGroup.com
www.SGGCB.com
www.SGBungalow.com
www.SGDetached.com
www.SGSemiD.com
www.SGTerrace.com
www.SGCluster.com

SG Districts Websites
www.BukitTimah.com.sg
www.Holland.com.sg
www.MarineParade.com.sg
www.sentosaisland.com.sg

Overseas Website
www.NewLaunch.my - Malaysia
www.PropertyPh.com - Philippines
www.VNProperty.com - Vietnam Read More