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Can I afford a 2b2b at Treasure at Tampines? How much bank loan can I get? What is the estimated monthly expenses I have to set aside? I am 38, single, first time property buyer, making 6.5k/month, have 400k cash and cpf.
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5 Answers

Hi Sir/Mdm,

Based on your age and income, you should be able to obtain about 710k of loan. The 2 bedroom 2 bathroom units at Treasure are doing at about 1.1x mil and therefore with your loan amount and cash + CPF savings, you may need to stretch a little.

Please feel free to contact me so that I can work out the detailed figures for you and also advise you on what to look out for when buying your first property.

Regards,
Nick Tan
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During Nick’s presentation to us, he showed confidence and resourcefulness. He showed us his various methods of reaching out to potential buyers instead of just relying on Propertyguru. He also saw the potential of our home to sell at our projected price. Where other agents deem impossible to achieve, he did his analysis and deems it reasonable and achievable. Nick proves trustworthy. From time to time, Nick will update us on the progress and on any viewing. He will filter buyers who could not meet our asking price and provide up Read More
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Hi

Based on the info shared, assume no other loan obligations and good credit score, the loan attainable should be approx 708k. The monthly repayment works out to approx 2658 based on 1.5% loan and 27 year loan tenure, which is approx 40% of your monthly income. Whether this amount is high depends on your lifestyle expenses.

The 2bed 2bath in treasure Tampines is transacting around $1.2mil +/- , so 708k loan plus 400k cash + cpf will take you to approx 1.1mil budget. You may need to stretch a bit to get your ideal unit type.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 home-owners to smoothly complete their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
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We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan! Read More
0
Yes you can! Estimated monthly expense to set aside would be around $2500-3000, of which a good amount can actually be paid out of your salaried CPF contribution.

I'm a Harvard graduated real estate agent with a degree in economics, and have supported clients on more than $1 billion in transactions.

Treasure at Tampines is a beautiful development and excellent choice! I can help you with sourcing, viewing, financing, negotiations, timeline planning and more so you can buy a 2B2B home here within your budget.

Please message me via my contact details below, and I can help you kickstart your home ownership journey before prices rise beyond your affordability.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi, appreciate your sharing over PropertyGuru, Able to meet up and share the process ? I can check with bankers base on your income to work out the breakdown before proceeding.
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart
PropNex Senior Associate Division Director Read More
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