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Hello, My wife and I, both Singaporeans, aged 38, currently owned a 10 year old HDB flat that is fully paid for. We have a combined salary of $10k, $65k in cash and $170k in CPF after deducting minimum sum. We will like to buy a 2nd private property for investment or own stay. We will like to know how much loan can we take and what price range of condos can we buy? Thks
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Dear sir, Encouraging signs based on your details provided, nevertheless, we won't be able to estimate any figures as of now without understanding what are the various financial commitments both of you have. Furthermore, it will be more in your interest to speak to a banker to assess the financial portion as they will be able to provide you a more accurate figure than a salesperson whose profession is marketing/sourcing for real estate for our clients. Your loan to value ratio (80% or 60%) is relatively healthy depending on the loan tenure you wish to undertake. Like I have mentioned earlier, speak to a qualified banker to get the best assessment such that you will not make any misinformed decision. Should you need numbers to seek the above advise, do let me know. If there is anything else I may assist, feel free to get in touch with me. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** ARE YOU FREE 21st May?? Watch out this space for more landed homes deals!! More than 50% units sold @ Royal Wharf, London. A new prime waterfront township in central London awaits your attention. An excellent opportunity for investment in an ideal location. Studio units are almost sold out!! https://www.facebook.com/media/set/?set=a.372619176213358.1073741861.284747148333895&type=1 Call us to find out MORE! Read More
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YT Tan (陈永达)
Good evening, do let my banker advise you on your in principle approval to gauge how much loan you can obtain first then we work things out from there? Hope to hear from you soon! Cheers! YT Tan ECG Property 9111 5171  yt.lovelyhomes@gmail.com Read More
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Hi Sir, One of the most important factors you need to bear in mind is the 7% ABSD payable on top of the usual BSD when purchasing a 2nd property in Singapore. Using a $1 million property as an example, which is typical of most private properties now, that would be a $70k additional tax on on top of the initial 3% BSD ($30k less 5.4k) this adds up to a substantial amount. I can discuss your options in detail and direct you to the relevant bankers you should be speaking with on the financial aspects if needed. Always there to help! Ivan Sim Mobile: 9845 6099  OrangeTee Read More
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Joanne Chia 谢诗琳
Good day sir / madam ...........do consider de-coupling to save ABSD and free up your cpf minimum cpf ........you are most welcome to contact me direct for more details ..............joanne chia ........huttons real estate ...........hp 8333 3327  ..........chia_joanne@yahoo.com.sg Read More
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Hi,

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