AskGuru Q&A Community

Hi,

You should be looking at max purchase price around $1.08mil. If the bank loan attainable is higher, you may be able to look at higher purchase price.

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 Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

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

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
W: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

-- 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 Read More

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

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

Hi,

1) The tabluation for a $1.05M property would be as follow:
(a) Cash (5%) = $52.5k
(b) CPF (20%) = $210k
(c) Loan (75%) = $600k
(d) Total = $862.5k
(e) Need to top up using CPF = $1.05M - $862.5k = $187.5k
(f) Remaining CPF after paying for the purchase = $430k - $210k - $187.5k = $32.5k
(g) Buyer stamp duty ~4% = $26.6k, can pay using remaining CPF.
(h) Legal fees: $3k (cash)
(i) Remaining CPF after paying the stamp duty = $5.9k
(j) Remaing Cash after paying for the 5% & legal fees = $80k - $52.5k - $3k = $24.5k

2) The above shows the highest price you should be looking at if to fully utilize all your funds. Although in (g), buyer stamp duty can be paid using CPF, but when buying a resale private, you have to pay the buyer stamp duty in cash first followed by applying reimbursement from the CPF.
Therefore The remaining cash after paying for the 5% & legal fee, you are still short forth of $2k.
3) Therefore if you put everything together you might want to look for something slightly below $1.05M in order not to over-stretch yourself.

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

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More

Hi Do contact me at 97970200  to discuss more on your options, you are looking at the range of $1m

Mark, your RIGHT choice
Propnex Read More

Hi
If you stretched your budget and assuming you are a Singaporean, you may be able to purchase a property of around $1.08m. Below are the breakdown assuming you purchased at $1.08mil:
5% Cash- $54,000
20% CPF -$216,000
Stamp Duty (can be financed by CPF)- $27,800
Legal Fees (can be financed using CPF)- $2,500
Total = $300,300
Add Loan (Max at 75%): $600,000
CPF Top up :$430,000-$216,000-$27,800-$2,500= $183,700
Total: $1.084mil

For a more detailed explanation, do contact me at 93375051  . I am specialised in both HDb and private property and my service for purchase of private property is 100% free. You will be able to seek guidance from a professional agent at no additional cost. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Mohammad Taufik Bin Hussein
CEA Reg No: R061607B
Contact No: 93375051 
Marketing Director
ERA Realty Network Pte Ltd Read More

Hi,

Assuming you are Singaporean, and your loan of $600k is for private property (under TDSR), then you can probably purchase a private property in around the range of $1m to $1.05m.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More