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Hi Gurus, i would like to purchase a private 1BR in the range of $800-830K. I am not married & earn about $75K per annum.
is it possible? and roughly how much am i looking at to pay for principal & interests monthly based on 80% loan? thanks
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3 Answers

Hi,

Assuming its SC 1st property purchase, typical breakdown as follows:

Cash 5%
Cpf 15%
Max bank loan 80%
Stamp duties and legal approx 3%

You will need about 184k for cash+CPF for the downpayment and stamp duties/legal. As for max loan of 640k, it depends on your age and credit profile and any other debt obligations you have at the moment. Assuming you have no other loan obligations and can loan for 30years, a 640k on a 2% loan pa will be about 2365 for monthly installments.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
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Rayne Chua 蔡美慧
Hi,

To ascertain the accurate numbers, I can link you up with bankers to get the amount you can loan based on your income. That will not take long. After that I can recommend you a few choices and arrange viewings for you. Do get in touch with me for a non-obligation discussion :)

Cheers,
Rayne Chua
 92366794 
CEA Reg No. R058058B
Propnex Realty Pte Ltd
www.raynechua.com
www.facebook.com/propertysgrayne Read More
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Dear Sir/Mdm,

For your budget, you will be able to get a decent 1 bedroom unit at a project which is just beside the MRT and is going to be completed soon. Do contact me so that I can share with you the potential of this development.

For your loan, the monthly repayment will be about $2350.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
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Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
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