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Dear Gurus,

i would like to inquire i'm 58 this year, i have a 5rm flat fully paid and would like to sell to get a freehold condo at Park Residences Kovan 1 bedder or The Quinn 2 bedder, estimated 640k to 700k. however the estimated cost if i sell off my HDB is about 550k, my income is approx 1.8k, am i able to loan the rest? my cpf have more than the minimum sum of the required.

Best Regards
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5 Answers

Hi,

Based on the limited info you have provided, I believe its feasible and you should be able to take up a small loan amount subject to your age, credit and income profile and also any other debt obligations you have at the moment. However, I am not too sure if its the best way to secure your retirement and will be glad to make alternative recommendations.

I will be glad to meet up with you to understand your requirements and objectives better and illustrate the detailed financial planning so to value-add better to your housing plans. Thanks and hope to discuss further.

Warm Regards,
Ivan Ng
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YT Tan (陈永达)
Good evening buyer,

It will be best to do a detailed calculation first so in this way, you can decide whether is it worthwhile to proceed with your plans.

Do share more information with me:

1) for sale
- full address of 5rm flat
- CPF utilised plus accrued interest on this flat
- any outstanding loan on this flat

2) purchase
- CPF OA funds that are not being utilised in current flat
- any cash on hand

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
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Hi,
Have to work out the details financial plan before heading to book a condo. Since you have excess in your CPF, I can assist to work out the estimated loan amount to work out the max purchase.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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Hi,

I would strongly advise to have the exact comprehensive financial calculations and computations to advise further. Do drop me a call or email so that we can expedite on your intentions. Thanks!

D Kumar
 +65 96659926 
ERA Associate Division Director
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GAN ENG JOO ONASSIS
Hi,

Re: One Stop Services for SG properties

R u having issues with loan matters to upgrade to condo, call me to meet in personal now.

We are contactable at 92222389  or onassis@sgrealtor.com.

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