Dear Sir/Mdm,
Based on your income and age alone, assuming you have no other loans such as car loan or other housing loan, you should be able to borrow approx $702k (subj to bank approval). Assuming you do not own any other property, this coupled with your $1mil in funds, we can be looking around $1.65mil price range, which gives us some options in the areas mentioned.
Whether new or resale depends on your objectives and priorities. Would you be moving in with your family? Or just yourself. Are you looking to exit in the next 10 years? Typically newer condos provide a better exit plan as resale buyers prefer newer design condos with up to date facilities and better upkeep, as well as longer balance lease. The floor plan is typically more efficient, but the overall total floor area usually is smaller. Buying under construction condos also avoid the high interest rate period now as it is by progressive payment, and the monthly repayment is lower since the loan disbursement is much later.
For resale, the loan will kick in straightaway once you take over the property, and usually you need to spend a sum in reno to refresh the property. Typically you get more space and floor area for the same price, and if you have specific locations in mind some areas only have completed property.
Happy to discuss further and find the best fit for your property purchase. I am contactable at
97432395
for further discussion.
May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact:
(+65) 97432395
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D
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Buyer Mr Wang & Ms Ng : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan!
Buyer Joey and Irwin
Would like to write in to commend Ivan Ng who helped us a great deal in the purchase of our very first property.
In fact, he was the one that introduced us to Citylights which turned out to be the place we decided to buy!
Ivan was a great help throughout the whole process – from helping us seek out developments that appealed to our profiles, scheduling viewing appointments efficiently, and making sure our communication with the seller was seamless throughout the transaction. As first-time home buyers, we were glad to have Ivan advise us every step of the way. Thanks!
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