AskGuru Q&A Community

Hi,

Its possible for max loan tenure to exceed 30 years, but that will mean a higher downpayment (max loan 60% for 1st loan), ie. 10% cash 30% cpf/cash. Typically, owners will go for lower downpayment by taking max 80% loan, but that will mean max 28years loan as you have mentioned (banks usually use 65 years old as a reference).

If you don't mind outskirts location, new EC from developer has higher capital appreciation potential as its typically 10-20% priced lower than nearby comparable condos. Your requirements may be different hence I be happy to hear more from you to help you make an informed decision.

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
(Client's Testimonials)

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :) Read More

Hi,

I think you got your numbers all mixed up.

Cash downpayment in most cases is only 5%, with balance 15% of downpayment payable using CPF.

For HDB, you can only loan max 80% up to aged 65, or 25 years loan, whichever is shorter. You cannot loan for 30 years unless you want to take a lesser loan and stretch the tenure to aged 75 years.

For private, you can loan up to max 30 years till aged 65 years, whichever is earlier.

May I know if both of you are Singapore Citizen? Is this your first property? Do you mind sharing what are your plans and objectives?

It would be wise to consult in a professional before making any decisions, especially an important housing decision which can impact your lives further down the years.

Should you need any 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

Hi do contact me at 97970200  or ngsiewwhye@gmail.com to discuss more on your options

Mark, your RIGHT choice
MCG Read More

Dear Sir/Mdm,

For a private condo or EC, 5% will need to be paid in cash with 15% in CPF (or cash if CPF is not sufficient). The balance 80% can be in the form of a bank loan. In most situation, your loan tenure will be capped at 28 years due to your age.

I wouldn't recommend to go for a HDB as the upside is limited. If you can qualify for EC, it is a sure bet as EC prices are about 10% to 15% below private condo prices within the same location. You have a very high probability of enjoying a decent profit as historical figures have shown!

Private condo is also a possible option but you will have to be mindful of your entry price (as some PSF price are very high) as well as the location you are buying into. There are plenty of options in the market currently and buying the right one will enable you to enjoy the upside potential in the future.

Please feel free to contact me so that I can understand your objectives better and provide you with further assistance!

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.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
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

Hi,

I can send you a chart which will give you a clear picture of how all the loan tenure, cpf and cash component required, this would be helpful for you I think.

I can also customize a plan for you based on your needs, requirements and finances, for your purchase of your property. I believe it will be wiser to do it this way.

Contact me at 9225 4321  , no obligations!

Sophia Ng
Associate Division Director
ERA Realty Network Pte Ltd
www.sophia-ng.com Read More