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Hi, I am a Malaysian going to work in Singapore in 2015 and will apply for SPR. My income in Singapore will be $120K. I am at age 39 now. I am considering to buy a resale EC after i get my SPR. I wish to ask :
1) What is the loan amount that i could apply in consideration of my income & age ?
2) Can i withdraw money from my CPF account for the housing loan monthly installment ? Any minimum amount before eligible for the monthly withdrawal ?
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2 Answers

Jeron Lee
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Hi,

Assume you have no other loan obligations and a fixed income of $10,000/month, you should be able to obtain a loan of up to $1.2M meaning you could look at property up to $1.5M based on 80% financing.

Assume purchase price of $1M and $800K loan over 25 years, the monthly instalment is approx $3200 which you will be able to utilise your CPF in the ordinary account and top up the balance in cash if needed.

Best regards,
Jeron Lee | PropNex
Mobile/WhatsApp: +65-90015060 
Email: jeronlee@gmail.com Read More
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CK Ang
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Hi, no problem on the TDSR for a 1 Million private apartment/condo. Have you got IPA already? 20% down payment is another important part. Please drop me an email for me to share.

I am reachable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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