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Hi, I am a PR holder. I have 80K in cpf ordinary account and 80K in cash. I would like buy 2 bed rooms condo which can move in immediately or few months waiting time. I would prefer Paya lebar/aljunied area. Please provide professional advise on whether my current financial can afford to buy such a condo in that area.
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YT Tan (陈永达)
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Good afternoon, With CPF and cash savings of $160k, you should only be able to purchase a property worth $580k if you take 20% downpayment, 5% additional buyer's stamp duty (payable as a SPR), estimated 3% buyer's stamp duty, $3k legal fees etc. With this budget, it will be impossible to purchase even a resale condo studio. You might want to look at new launches instead. I can pass you the information of those new launches that fit your budget. Hope to hear from you soon! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
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