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Hi,

Based on TDSR and assume no other outstanding debt obligations, you should qualify for a loan of about 700K, or 80% of price, whichever the lower. if you can stretch a 30 year loan tenure.

May I know how much downpayment are you looking at? typical breakdown for SPR first purchase is
5% cash
15% cpf
Approx 8% Stamp duties and legal fees
80% max bank loan.

Thanks and hope to understand your housing requirements further before value-adding further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi,

Let's speak further at 96659926  to discuss more comprehensively on the crux of your requirements & expectations- to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase after understanding your finances succinctly, so as to explore the possible options accordingly at no obligation. I will walk you through the entire purchase- from shortlisting, to negotiation, to establishing loan matters and working out finances (cash/cpf/progressive payment), paperwork, sorting legal matters, providing you with recent up to date transaction caveats for benchmark pricing as well as furnish you with a customized sales report & indicative valuations 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% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April ERA Top Achievers
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Hi,
You should be able to qualify for a loan amount of $700k (based on TDSR and with no other debt obligation). Based on 80% loan, you would be able to look at a ppty value at $875K.
For 1st property purchase in Singapore, the downpayment will be 20% (5% cash , 15% cash or CPF). As a SPR, your total stamp duties would be 8%.

Do feel free to contact me if you have any further queries.
Cheers,
Kelvin Chen
ERA
 84282282 
kelvinchen.era@gmail.com Read More

Good evening buyer,

It will be best for my banker to advise you on your in principle approval so you will have a better idea how much can you loan. TDSR will take your age, income, debt etc into consideration so if you still have financial obligation on your overseas property, you might have to declare.

But do take note that you will be subject to 5% additional buyer's stamp duty as a SPR.

Hope my explanation helps!

Hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More

Hi
Let me assist you to do a IPA first and I can share more indepth with you on the financial breakdown.
Look forward to hear from you.
Tricia tan
 91442664  Read More

Good morning buyer,

It will be good to share with me how much are you setting aside for this purchase. Your initial outlay will be around 28% of the purchase price.

I will recommend you to speak to my banker so he/ she can advise you whether can you take up a optimal loan amount for a up to $900k property.

With this budget, you can look in new launches.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More