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Hi there,

I will be able to assist you with your financial calculations and also with your purchase journey.

You may reach me at 94507283  for further discussion.

Thank you

Gary Shien
Associate Group Director
PropNex Realty Pte Ltd Read More

Good day to you,

The Total Debt Servicing Ratio (TDSR) is limited to a maximum of 55% of your total income, provided there is no existing home loan. Factors such as secured and unsecured debt, the age of the youngest borrower, the duration of the loan, and the loan amount will influence the approval of your application. It would be wise to engage a banker to assist with your approval principles, while we assess the financial situation for the sale of your property. With this information, we can determine what options are available for both of you.

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With over 15 years of experience in Singapore's residential property sales and purchase (S&P) cases, I understand the complexities involved in the process. I aim to guide you every step of the way with clear communication, ensuring that all parties are legally represented and protected.

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Regards
Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

Hi! You are in a good financial position to make the upgrade that you are hoping for.

I've already done some financial calculations based on the information you've provided, and I can share with you what the total loan, monthly mortgage commitments and cash outlay and your reserve savings might look like if you sell your HDB to upgrade into a freehold condo.

I've also found a specific undervalued 2BR freehold condo unit currently for sale in Changi for you to have a sense of what you might upgrade into. This one is 7mins walk from Tanah Merah MRT in an integrated development with F&B and retail outlets.

Let me know if you wish to discuss. I support all my clients on the financial calculations and understanding needed to execute home purchases within their means and for the best financial outcome. I also help with sourcing, analysis, negotiation, timeline management and final paperwork for both selling and buying.

I'm a Harvard graduated real estate agent with a degree in economics, and would love to schedule a free consultation to support your home upgrading journey.

Feel free to reach out via whatsapp or email.

Kay Cloud
Associate Advisor
Propnex Realty Pte Ltd
cloud@propnex.com
 (+65) 85674585  Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, perhaps I could refer a mortgage broker to you?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi

The loan attainable depends on also whether you have any other loan installments besides car loan, as well as your credit score. May I know the monthly car loan installment as well? Let's assume the following

Average age 41
Gross monthly income with monthly cpf contributions $7k
Car loan installment $1k
Good credit score

Your approx loan attainable will be $527k, based on 24 years loan tenure, and required 4% rate calculation under TDSR.

Assume your sale cash proceeds plus cpf refund will be approx 475k, we have the following

Cash sale proceeds and cpf refund 475k
Max loan attainable 527k
CPF OA ?

It will depend on how much CPF OA you have available for the purchase. For a $1mil budget you should have some 2 bedroom options in the flora area for freehold condo, but they may be older projects.

May I know how much CPF OA available so to ascertain your working price range?

Happy to assist more on a more detailed calculation. I have helped several hdb owners to smoothly upgrade to their next property, and your scenario is common as the older hdb faces lease decay issue. Switching to freehold is a good move for legacy planning purposes.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Multiple Diamond Award Achiever

SEAA Salesperson Achievement Award (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 11th Achiever in Feb 2024 (Top 1% Company Level)
ERA Top 64th Achiever in March 2024 (Top 1% Company Level)
ERA Top 37th Achiever in Oct 2023 (Top 1% Company Level)
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ERA Top 11th Achiever in June 2020 (Top 1% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.

-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property Read More

Hi, appreciate your sharing. Propose to check with banker base on current age and income to determine maximum loan before able to work out on the budget. Able to meet up and share the options to explore.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi

Contact me to help you on this. Your neighbourhood agent. :)
 8938 7686 

Mei Foong
Propnex Read More

Hi,

May I check how much you're currently paying for your car loan each month? Also, what is the available CPF OA balance for both of you that can be used for your next property purchase?

With these details, I’ll be able to help you with a detailed financial plan — including an estimate of the cash proceeds from your HDB sale, your total available funds (including loan eligibility), and the housing options that best fit your budget.

Feel free to reach out to me anytime. You can also refer to my client testimonials below for your consideration.

Looking forward to assisting you!

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and looking out for great deals and even tailor-made property proposal geared towards their needs. Will certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)

--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our neighbourhood to understand what she was marketing. During the marketing period, she managed potential buyers and provided timely updates and recommendations so we could stay on top of the process. Overall, Jenny was professional and helped us to achieve a positive result which we are very thankful for--
Aaron ( HDB seller)

--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and recommendations, I had finally found my dream home--
Yvonne (New launch buyer)

--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was also patient and client-centered throughout the process of finding a home that met our criteria. As a first-time home buyer, we appreciate how she went out of her way to explain the process and answer questions we had--
Samantha (Resale condo buyer) Read More

Dear Sir/ Madam,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance.

Wishing you a fantastic day ahead.

Why Choose Me
✅ Principal Realtor of SGAgent.com | SGRealtor.com | SGGuru.com l SGCommercial.com |
With over 18 years +++ of experiences, trusted platforms that foster direct client relationships and long-term loyalty.

✅ Customer-Centric Approach – Dedicated to building genuine connections, transparency, and tailored solutions for buyers, sellers, and investors.

Whether you’re buying, selling, or investing, my expertise ensures a seamless and successful property journey.

Let me put my experience and resources to work for you. Reach out now to discuss your real estate goals:

• Singapore Line: (+65) 8889 9918 
• Email: onassis@sgagent.com

Onassis Gan
Principal Realtor of SGAgent.com | SGRealtor.com | SGGuru.com | SGCommercial.com |
Your Partner in Real Estate Success! Read More

Hi ,Do contact me at 97970200  to discuss more and provide you the financial calculations.

Mark, your Right choice
Propnex Read More

Why restrict yourself to freehold in this case? We can definitely work out the loan eligibility plus your cash and CPF available for use to look into what your options are in terms of purchase.

Do you plan to hold on to this condo for long or is this part of your transition plan for something else? There should also be exit plan strategised for every home purchase made.

——

I have been in the real estate business since 2009, with more than 15 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 15,900 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Deputy Branch Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

Hi Mdm,

Based on the preliminary information that you have provided, you should be able to get a bank loan of about 700k. Together with the 400plus k sale proceeds that you can get from the sale of the current HDB, you should be able to afford a condo of about 1.2 mil.

I have a freehold 2 bedroom unit which is 3 mins walk to MRT which may be suitable.

https://www.propertyguru.com.sg/listing/for-sale-the-daffodil-25332185

Upgrading involves proper planning in terms of finances as well as timeline so that you are able to transit smoothly and seamlessly from your current unit to the new one.

I have personally assisted many of my clients to upgrade and will be happy to understand your situation and provide you with further assistance.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

Testimonial from my Clients
Nick is THE absolute best agent, guide to navigating the property market in Singapore. From selling to buying, he manages to get the absolute highest when selling and negotiators to the absolute lowest when purchasing. (So double win for me!). In fact, I bought my new home at the absolute lowest transaction across all the transacting homes. Most agents would just give vanilla advice, he puts scrutiny into every potential choice we were making by advising potential gains, rental yields, back up plans. I think we went through a whole list of more than 20 + before narrowing down to a few high potential properties! Super responsive to our questions and handheld us through the process and even answered questions in the middle of the night. Would absolutely recommend working with Nick for anyone looking to buy, sell or just advice!
Kenneth (Seller and Buyer) Jan 2025

Nick was introduced to me by a friend who learned that my previous property agent wasn’t meeting my expectations. During our first phone call, Nick quickly grasped my concerns and provided a detailed financial plan the next day. Since switching to Nick, selling my house has been much more relaxed. His virtual tour and informative fact sheet eliminated the need for my family and me to be constantly present for viewings by unsuitable buyers.
Nick was invaluable in purchasing my next property. He sourced units within my budget and analysed price trends of condo projects I was interested in. With Nick’s assistance, the buying process was seamless, and he expertly coordinated the sale of my current unit with the purchase of the next. Kudos to Nick for his outstanding service and advice!
Eileen Chen (Seller) June 2024

During Nick’s presentation to us, he showed confidence and resourcefulness. He showed us his various methods of reaching out to potential buyers instead of just relying on Propertyguru. He also saw the potential of our home to sell at our projected price. Where other agents deem impossible to achieve, he did his analysis and deems it reasonable and achievable. Nick proves trustworthy. From time to time, Nick will update us on the progress and on any viewing. He will filter buyers who could not meet our asking price and provide update and advice on the offers. We are grateful that he helps us to negotiate for a good price for our home. In summary, Nick is dedicated, resourceful, trustworthy and willing to take challenges.
Sunny Ng (Seller) April 2024

Selling our house was a pretty stressful ordeal, as we have already committed to buying our new home and hence have a timeline to meet. Losing a substantial deposit and worse still, not getting our dream home caused many sleepless nights as we are nearing our deadline. I am very glad we have decided to switch to Nick and seek his help after the dismal performance of our first agent. Not Read More

1. Your loan eligibility is capped at 55% of your monthly income under the TDSR framework, assuming no outstanding mortgage exists.
2. Loan approval depends on several elements—your age, total debt, loan term, and the amount you wish to borrow.
3. It’s smart to consult a banker to firm up your financial game plan, while we review your sale proceeds, CPF, and cash to explore realistic home choices beyond just freehold units.

**“Do not wait to strike till the iron is hot, but make it hot by striking.” – William Butler Yeats**
WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

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QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More

I would be glad to assist you.
Feel free to contact me at wa.me/6597100155
Hope to hear from you soon.
Pei Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd Read More

Hi! Thanks for sharing all the details — you’re definitely in a good position to explore upgrading.

Based on a combined income of $7k/month and your hubby's short-term car loan, your loan eligibility will be affected by TDSR (Total Debt Servicing Ratio). Banks generally allow up to 55% of your monthly income to be used for total debt obligations, including your future home loan and current car loan (though that’ll clear in a year, which helps).

Ballpark figure:
You might be eligible for a bank loan of around $700k to $800k, depending on factors like tenure (max till age 65 or 75 depending on income treatment), credit score, and outstanding debts.

Interest rates (as of now):
~3.2% to 3.6% p.a. for fixed rates, and slightly lower for floating packages — but these shift quite a bit.

From the sale of your HDB:

If sold at $650k and minus $160k loan + CPF refund (depends on usage), your cash/CPF proceeds could be around $300k–$350k to use as downpayment.

So yes, with a budget around $1M–$1.2M, freehold 2-bedders in Pasir Ris, Simei or Tanah Merah are possible (3-bedders may be tight unless it’s a smaller or older development).

If you’d like, I can help break this down further or shortlist condos that match your needs and finances. Just drop me a message anytime!
– Aren Goh | +65 9657 6701  (PropNex) Read More