Hi,
HDB resale flat:
1) Based on your limited info, I assume you are at least 35 yrs old, to begin with, because of your intention to buy under Single Citizen Scheme.
2) Your MSR assessment shows your estimated loan amount should be around $407k.
3) By adding the loan and your existing CPF fund, your budget easily reached $595k.
4) in order to fully utilize your CPF fund in buyer stamp duty and legal fee, you should look at a budget of $560k, buyer stamp duty = $11.4k, legal fees = $1.8k~$2.5k. You can still reserve $20k in your CPF OA.
Private residential:
5) If you have enough cash savings, you may also consider private development. Your TDSR assessment is $908k. This means that you can look into a $1.2M property.
6) 25% down payment for such purchase is, 5% = $60k (must be in cash), 20% = $240k, buyer stamp duty = $32.6k, legal fees = $3k.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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