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Hi Gurus, Currently renting a master bedroom paying $1300/mth, start thinking whether I should buy a condo here. Please advise. If buy 1-BR like Inflora, about $450k is needed (loan 360k, CPF 67k, cash+ABSD 53k), all I can fulfill, then monthly instalment using 1.5% 30-yr is about 1,250 + maintenance fee, close to my current rental, somemore paid using CPF, is it a good idea? If buy 2-BR and rent out one, Inflora 670k(loan 536k, CPF 100k, cash+ABSD 82k), all I also can fulfill, then monthly instalment using 1.5% 30-yr is about 1,850 + maintenance fee, assuming I can rent out the room at 900, the remaining is still close to my current rental, so which type of investment is better? 2nd-ly, the Inflora will be TOP 5-years later, but I would like buy a unit ready by 2015 (my current contract ends at 2015 Mar). In this case, should I aim for 1-BR or 2-BR mentioned above? and what condo can fulfill my needs? Thank you!
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8 Answers

Wilson Leong
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In flora is fully sold. if you need I will recommend you to call me I got something immediate move in and you can start to save on rental to pay for your own. Save as you earn plan from us. Read More
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  • CB
    Replied
    Thanks for your reply. My choice is not restricted to Inflora, in fact it is too far from MRT and I cannot drive. Prefer TOP end 2014 till mid 2015 Prefer walking distance from MRT (max 1km?) Prefer not to be Geylang / Aljuneid area Max budget for 1-BR & 2-BR is 600k & 1mil respectively (not restricted, depend on condition too) My income is 10k/mth, assuming the rule of not exceeding 1/3 as instalment, it means I can loan max 840k for 30 years under 2.5%? Also, using 2.5% is over optimistic? From bank's website, the current rate is <1.5%...p/s: if not enough I can put my GF's name together and pool the income to be 18k/mth...I guess bank loan should not be a problem?
Geryl Lim
Replied
Dear buyer, You are likely a couple of steps behind time as Inflora has been 100% sold to my understanding. It is also a one off project where units can be as low as $450k price quantum. I believe it will be difficult to come across anymore projects with such price range. Lastly, the consideration of interest rate at 1.5% for 30years is not realistic therefore it will be good to speak to a banker to assess your financial profile before making any move. Of course, owning a property itself is way better than renting especially in the long term but financial prudence should be your utmost priority. 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. Thanks once again for turning up for our gala openhouse on 16 Nov. We had more than 30 guests who made their way down to our openhouse in collaboration with our developer. Do watch out for more activities and bargains in this space. Read More
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  • CB
    Replied
    Thanks for your reply. Actually I do not mean to buy Inflora, I just use it as an example...or I can rephrase the whole thing to avoid confusion: I have cash on hand 100k. CPFOA 110k, salary 10k/mth. If buy 1-BR condo, about $500k is needed (loan 400k, CPF 75k, cash+ABSD 60k), the monthly instalment using 2.5% 30-yr is about 1,600 + maintenance fee (so 1,150 from CPF and 700 from cash). If buy 2-BR and rent out one, assuming 900k (loan 720k, CPF 135k, cash+ABSD 111k), the monthly instalment using 2.5% 30-yr is about 2,800 + maintenance fee, assuming I can rent out the room at 1,200, means I need to pay 1,150 fr CPF and 700 fr cash. Which one is actually better that you would advise? (Budget is not really a super big problem because the above is based on my income and savings, excluding my GF's) The condo I am looking for is to TOP at 2015, any recommendation that is walking distance to MRT? (I cannot drive due to eye problem, so no car) Thank you again.
Able S.K Toh
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(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More
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Able S.K Toh
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(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More
1
Upvote Upvoted
Able S.K Toh
Replied
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More
1
Upvote Upvoted
Able S.K Toh
Replied
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More
1
Upvote Upvoted
Able S.K Toh
Replied
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More
1
Upvote Upvoted
Able S.K Toh
Replied
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More
1
Upvote Upvoted

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