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Good evening buyer,

Happy 2018 to you!

With your combined income of $8k, you guys should be able to loan up to $1.47m provided you dont have any debts like car loan, credit cards etc.

With finances around $330k, you should be able to afford a property that's around $1.45m if both of you are Singaporean and this is your first property.

Both of you are armed with healthy income and finances on hand, you will be able to purchase a 3 beds in tampines or simei.

Hope my explanation is informative and value added towards your property purchase.

May I know how can i value add further in your property needs?

Perhaps you can share more with me so i will be in a better position to advise you further.

Shall we meet up over a cup of coffee to discuss further?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
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Hi,

(1) I assume you are both SC since this is not clearly spelled. With the data provided, you are quite safe for a property around $1.2M.

The breakdown of costs of the purchase ($1.2M) are as follow:
(a) OTP (deposit + exercise) (5%) = $ 60,000
(b) Downpayment (15%) = $180,000 (can be pay by CPF if there are sufficient fund)
(c) Buyer Stamp duty; BSD (~3%) = $ 30,600 (can be pay by CPF if there are sufficient fund)
(d) Legal fee = $ 2k~4k
(e) Mortgage stamp duty = $ 500

Total cash needed = $92k~94k + $30K (to top up the downpayment)
Total CPF needed = $150k

Your max loan amount is around $960k, assuming both of you do not have other financial commitment.
Thus the first thing you ought to do is to ensure you are not over commit from your new purchase.

(2) Yes, you are able to find a 3 bedroom condo in Simei, Tampines & Pasir Ris with this budget.

Hope the above answer to your main concerns, but if there are more queries, 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

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Hi

From the information given, you should be able to afford a 3 bedder condominium in Simei or Tampines

The next thing you may want to do is to get an AIP from the bank. If you need a banker referral, you may write to gavin@orangetee.com. We can also do a Pro-forma financial Statement and share with you the timeline and transaction process.

Regards

Gavin Read More

Hi Yes, i can help you find a suitable unit around that budget. Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

I believe that your question has been answered appropriately, and the next step is to look into the feasible properties within your comfortable price range.

I do have 1 interesting match for you to consider.

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
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Dear Sir/Mdm,

On hand, I have a tastefully renovated brand new 4 bedroom unit that you may want to consider. My owners spent more than 40k to do up the place but unfortunately they had to relocate for work.

You may refer to this link for more information:

https://www.propertyguru.com.sg/listing/20911886/for-sale-the-inflora

Virtual Tour: http://bit.ly/inflora4BR

Please feel free to contact me if you are keen to view the unit!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nicktan.com.sg

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“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
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“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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Hi,
The estimated max purchase is around 1 million. Please drop me an email for me to share your estimated loan amount and the purchase plan.

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

Hi,

Yes it looks feasible based on the inputs shared. I make some assumptions here, that you do not own any property at the moment, and based on a 26 year loan (65 - your average age of 39) without any monthly major loan installments such as car or credit cards, and TDSR of 60%, you should be able to loan up to approx 980k. Coupled with the cash+OA on hand, its not difficult to find a 3 bedroom condo in Simei or Tampines. The price can range from 800k - 1.1m, depending on age of project, size and location.

But then again, more importantly what is considered a comfortable monthly mortgage for your family while maintaining the current quality of life? It is a big ticket purchase, and if its convenient I be happy to meet up to do a thorough detailed financial plan and timeline planning to understand your requirements further.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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