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Morning Dave,

If you are looking at 3 bedroom unit, you should have enough funding, subjected to how much loan you can get, for 4 room flat in most estate. But for condo, you are short for 3 bedroom unit.

Do contact me for detail discussion.

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

Hi Dave,

I would suggest a 4 room HDB resale flat. As for private condo, it might be a bit overstretched for you.

Feel free to contact me for further discussion.

Thank you.

Angela Chua
Propnex Realty Pte Ltd
H/P: 9323 3330  Read More

Good afternoon Dave,

It will be too early to speculate without any valid Home Loan Eligibility (HLE) or In principle approval (IPA). But based on the figures you have provided, it seems like you are more suitable to purchase a resale HDB.

Why?

Because as a SC, you are able to obtain 90% HDB loan and you can fully pay the 10% downpayment with CPF OA funds thus lesser cash outlay.

As for private condo purchase, you have to fork out 20% downpayment (5% cash and 15% CPF/ cash) thus cash outlay is more than what you have. For instance, you have to fork out at least $120k for a 1 bedder ($600k) in a new launch.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com Read More

Hi there,

Please feel free to contact me at 96659926  / drop me a email for a non obligatory discussion for me to better understand your requirements and specifications to be in a better position to advise you further in the most detailed and thorough manner. Rest assured, I will walk you through the entire process.

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

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