Based on your age and income (without taking into account the variable), you should be able to get at loan in excess of $1.3m. Which means you can purchase a property of more than $1.6m.
So, I would say it's not your loan that is stopping you into purchasing a higher quantum property. Rather, it is your CASH + CPF on hand that is restricting you on the purchase.
For every purchase, you will have to set aside downpayment of at least 20% of the purchase price. And because this is your second property, you will also need to set aside some money for Additional Buyer Stamp Duty (ABSD) if you're purchasing a residential property.
Also, do take note that should you have used your CPF monies for your current HDB, you will also be required to set aside Half-Minimum Sum before you can utilise further CPF monies for your second property.
Assuming a $600k condo purchase, you will need to set aside:-
1) 20% downpayment = $120,000
2) BSD = $$12,600
3) ABSD (Singaporean) = $42,000
4) Legal Fee = $2,500
Total = around $177k.
Based on you CPF + Cash, you have $190k. But I'm not sure if you have set aside you Half-Minimum Sum for your CPF. If you have not, you may not be able to purchase a $600k property even though you can loan up to $1.3m.
May I know what's your objectives of the purchase? Is it going to be you new home? Or are you looking at an investment angle?
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.
Robbie Chen 9748 6305