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Dear Agents,
I would like to check on the following,
i have 6xk in cash, 6xk in cpf. looking to purchase a condo at 500k - 600k range freehold 1 bedder. salary range at 2.9k. is it possible? not for staying, it's for rental.
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3 Answers

YT Tan (陈永达)
Good evening buyer,

Happy 2018 to you!

You will be able to afford a property thats around $522k with finances of around $120k if you are a Singaporean and this is your first property.

With your $2.9k income, you should be able to loan up to $616k if you dont have any debts like car loan or credit cards and you are below 35 years old.

Even though so, you are still restricted by your finances on hand. It will be very tough to source for a 1 bedder that is freehold.

Perhaps you can share more with me so I will be in a better position to advise you further.

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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Hi,

Evidently, purchasing a property requires through and critical thinking. Let's catch up at 96659926  for me to work out a financial calculation breakdown for your purchase and share more insights on the transaction caveats as well as the price analysis of proposed private property types to help you make an informed decision. Do note that it is purely non obligatory and the only objective of the discussion should be to enlighten you on the differences, work out your finances to propose which projects you may wish to consider and aide in the price charting of units in the market.

Should you be keen on availing my consultation and services, do note that there is no agent fees involved and I will walk you through this whole tedious process of : explanation of procedure, shortlisting, negotiation, paperwork, establishing financial projections / application of loan, sharing of market insights, providing up to date transaction caveats & price analysis of properties as well as and handling all technical and legal matters at NO cost!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
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