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Hi, Being an EP holder for two years and earning an average monthly income of 4k. I have zero debts but high savings. Is there an option or possibility to purchase a property in Singapore? I had consider : 1. Home loans (but what are the odds for singapore mortgages as I do not currently hold a credit ranking being a non credit card holder) 2. Direct owner selling on contract basis 3. Rent with a purchase option (monthly rental fee on the property with a future purchase option). I am willing to pay more in my rental expenses to gain an asset (property) rather to just incur monthly rental expenses which does not carry any value. Will require all the feedback and advise as I am really aiming to stay in Singapore and have a property whereby I can reasonably purchase. ariel_shuxian@yahoo.com
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2 Answers

Geryl Lim
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Ms Ariel, With monthly income of $4k, it is unlikely that you maybe getting a huge loan quantum, however, I do suggest you to look into speaking with a banker to assess your financial options in terms of loan before proceeding on. As an EP holder, you have to be aware that Additional Buyer's Stamp Duty is applicable for your residential property purchase here in Singapore. I do have a small 1 bedroom apartment at Thomson V One for sale for $670k negotiable. Build in area is approximately 450sqf. Let me know if you are keen to explore. 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** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. I would like to thank more than 120 of you who have took out your precious time in attending the original Landed Homes Sales Exhibition on 7 & 8 September. 1 unit was sold with 4 units reserved over this 2 day event. Do look forward to our next edition. Register with me if you are keen. Read More
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Koh Zhen Hon
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Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ +65 8 2 7 9 8 3 2 7 - Whatsapp / Call / SMS

Why Should Sellers/Landlords engage me? Contact me @
8 2 7 9 8 3 2 7

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