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Morning,

You need to be SC so as to be eligible for purchase of resale HDB unit under single scheme. Based on your figures, assuming that you do not have any other liabilities on hand, you should be able to get HDB unit of around $500k and private property of around $700k (subjected to credit assessment).

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi.
You should be comfortable to purchase a hdb 4. You can actually get an approval in principle with a banker so you can work out your financial from here. Feel free to contact me at 91442664  for a detailed discussion if I can assist you from here.
Tricia Tan propnex
 91442664  Read More

Good morning buyer,

Do take note that you have to be a Singapore citizen to be eligible under Single Singapore Citizen Scheme to purchase a resale HDB. Do apply for Home Loan Eligibilty (HLE) or In principle approval (IPA) to find out the estimated loan amount you can obtain based on your income.

If you need any assistance in your property purchase, feel free to contact me. Currently I have a panel of bankers that can assist you with your IPA.

Hope to hear from you soon! Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior District Manager
R043025D
ECG Property Pte Ltd
(A Wholly Owned Subsidiary of ECG Group of Companies)
Estate Agent no. L3009759F
Blk 190 Lorong 6 Toa Payoh #05-508 S (310190)

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

Hi, to eligible for HDB loan, the income ceiling for single is 5K, Even if you are eligible for HDB loan, you are open to bank loan too. Max loan for HDB loan is up to 90% where bank loan is up to 80%. I can share with you the possible financial layout and advise you for comfortable financial plan.

I can be reachable at my mobile.

CK Ang
 9046 3808 
Vestor Realty Read More

A very good day to you,

The following serves as a guide to estimate the highest property value you may afford with the figures you have provided, assuming you earned a fixed monthly salary. Should there be variable components in your monthly salary, it will be a further reduced by 30% before TDSR calculation and may significantly lower your affordability. Kindly consult your banker for IPA-In Principle Approval before making major decisions.

Cash: $160,000
CPF OA: $90,000
Monthly fix income: $5,000 (Derived from assuming $4,000 take home after 20% Employee’s CPF Contribution)

TDSR of 60%: $3,000 Available for Maximum Monthly Mortgage Payment
Final Amount available for Maximum Monthly Mortgage Payment after paying outstanding car loan: $3,000 - $1,000 = $2,000

Mortgage Affordability Calculation of $2,000 Monthly Mortgage Payment at 3.5% Interest Rate and 30 years Loan Period :-
Maximum Bank Loan Amount: $445,000 (Rounded Down)

Highest Affordable Property Value for Citizen: $445,000 (Maximum Bank loan) + $140,000* (Cash) + $90,000 (CPF OA) = $675,000
*Keep aside minimum $20,000 for miscellaneous expenses such as Stamp Duty, Lawyer’s Fee etc

Summary of Fund required to own your first $675,000 New Condominium property:
5% Booking/Option Fee (Cash): $33,750
15% (Cash/CPF - Upon 8 weeks of Exercising S&P): $101,250
BSD-Buyer Stamp Duty (Within 14 days after S&P): $14,850
ABSD-Additional Buyer’s Stamp Duty For 1st Property (Citizen 0%): $0
Cash Top-up: $95,000
66% Bank Loan: $445,000

Estimated Monthly Mortgage Payment on $445,000 Bank Loan based on 1.9% Average Interest Rate for 30 years: $1,630 (Up to $1,150 deductible monthly from CPF OA)

Hope the above guide is helpful. Please feel free to contact me should you have further queries or require assistance in search of your ideal home.

Thank you and Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: 82250212 
Email: karrien.realty@yahoo.com

Powerful Negotiators
No. 1 Team in PropNex Realty Pte Ltd
L3008022J Read More