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Good morning Lily,

Single can purchase resale EC that fulfilled MOP or privatised.

You might be eligible up to $355k loan. Your affordability will depends on how much cash or CPF OA funds to fund the purchase. If you are looking at a $800k property, you need at least $445k in cash or cpf.

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

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Hi,

If you're a Singapore Citizen or a SPR, you will be able to purchase a resale EC that the first owners had already met their MOP.

The amount of funds needed depends on various factors, i.e your nationality, the property price, your loan amount, your existing CPF funds etc.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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

Hi Lily,

1) You are only eligible to purchase EC that had met MOP.
2) According to your age and income, your loan amount is around $355k.
3) A 2 bedroom EC that met MOP is around $750k.
4) Thus you will have to prepare a down payment of $395k. The minimum cash to prepare is $37.5k + cash and/or CPF of $357.5k.
5) Buyer stamp duty is around $17.1k for an SC. If you are an SPR, you will have to prepare another 5% ABSD.

Hope the above answer your main concerns, but if there are more query, 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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