Asked by
Dear Agents,

Both hubby and me are a newly married couple. Our combined income is $6k and our combined cpf is $50k. Both of us are holding Singapore citizenship and we have not purchase a property before. What types of house can we afford and what sort of eligibility schemes are both me and hubby qualified upon purchasing a house?

Are we eligible to purchase an EC or any private properties? We have 2 cats and we are aware that HDB doesn't allow us to keep cats as pets.

Looking for a good response.

Many thanks!
0
695 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

5 Answers

Good morning,

Based on your income, you would more likely fit comfortably into 4 or 5 room flat within most estate. With Public scheme, you will be eligible for $30k housing grant. If you are to choose a unit near to either parents, you can get an additional $20k grant. As for keeping of cats, as long as your have registered them with SPCA and do not allow them to roam freely outside your house, it would not be an issue.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Hi

We need to make a few assumptions ie age, loan tenure and we can broadly say that you should be able to comfortably buy a HDB 4 or 5 room under the public scheme.

As first timer, you will be eligible for the housing grant.

You may want to write to gavin.ng@orangetee.com on the next step to take.

Regards

Gavin Read More
0
Risdian Isbintara
Hi, There is that rule about cats. But so many HDB owners have pet cats. I think a condo may be too small for your cats and at $6K salary a mth, a condo may be just be too high of a commitment.... I will recommmend to start with a HDB in a good location, more space for the cats.

Risdian / ERA / 98242056  Read More
0
Dear Mdm,

Private condo maybe a bit stretching for you both financially at this point of time. You may wish to consider getting an EC as they are priced 15% to 20% cheaper as compared to private properties and provides very good potential for capital appreciation.

On top of this, you will be eligible for the Housing Grant of $30,000. Please feel free to contact me so that I can share with you further on how to grow your wealth by taking the first step to own an EC. I can also do some financial planning for you to see if you can afford an EC comfortably!!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“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)

“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)

“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 a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick 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) Read More
0
Tan Pei Cheng (Pei)

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions