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Dear Expert, I intend to purchase a new 2-bed rm EC in the west. Currently, I am staying in a 5rm flat which still have outstanding loan of around 200k but mop reached. Resale value now is 500-600k. Q1: If I can afford the 5% +15% (cash/cpf) for the EC of around 600k, will I be able to get a 80% bank loan base on current combined income around 6k and cpf of 50k? Q2: How does the TDSR affect our loan? Q3: If I intend to go for deferment scheme for ec, must I also factor the 3% deferment to be pay upfront when I pay for the downpayment? Q4: Base on a 600k ec and taking 80% bank loan, how much am I looking at the monthly instalment if I can only loan up to 28years? Neo
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3 Answers

Wilson Leong
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Can you wait. We are the sole marketing for our new Jurong EC coming soon to you. Read More
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  • YN
    Replied
    Yes, I can ...but which Jurong EC u are referring to?
Jessica Siow
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Hi anonymous, (1) Yes you may be able to get up to 80% loan (2) However current TDSR takes into account other considerations apart from your income, such as your other loan commitments, and if your income is fixed or variable, etc. (3) The additional 3% (if any) will be based on the total purchase price. Hence the additional downpayment would be (5%+15%) of the 3%. (4) Depending on the scheme and bank loan arrangement. It would be great to figure out your finances prior to the upcoming EC launch at Yuan Ching Road/ Tao Ching Road. I'm reachable at 91264595  for further discussions. Read More
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  • YN
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    Hi Jessica, Thanks and appreciate your feedback.
Robbie Chen Chee Howe
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Hello Neo!

I'm glad and at the same time excited to inform you that Propnex has been appointed the sole marketing agent for the EC at Yuan Ching Road. It's called Lake Life!

Allow me to share with you why this EC is definitely a great buy. Especially so after PM Lee's re-assurance of the Jurong transformation happening in the very near future.

I personally see a very huge potential upside in this area, and would like to share with you my reasons for saying this.

As for your financial calculations in the purchase, allow me to meet up with you to do a detailed breakdown for you.

You can contact me at 97486305  . I await your call! Read More
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