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Hi. I am an owner of a HDB EA in the East. I have the intention to buy a pte condo, preferably in the Tamp/Pasir Ris/sengkang or Punggol. I need to find out the financial committment if i were to upgrade to a pte apt. Assuming the condo is worth $900k, how much do i need to fork out in cash, at which stage do i need to pay, maximum bank loan i can take and whether i can service the monthly instalment via CPF.
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4 Answers

Titan Tan 陈忠华
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I will like to answer your question in detail. Please kindly email me at titan.era@gmail.com

Cheers,
Titan Read More
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Mike Lim
Replied
Evening,

I would assume that you have a HDB loan at hand, hence for your upcoming private apartment, you can loan a max of 60%: $540,000. This would defer, dependant on your income and credit report.
Minimum cash is 5%: $45,000, remaining $315,000 have to be in either CPF of cash.
Installment on loan principle of $540,000 over a period of 20 years, with interest of 3.2%, will be around $3100.

Do note that about projections are based on estimation and assumption.
Kindly have the proper computation done, prior to physically investing.

FYI
Mike Lim
 96929209 
ERA Read More
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  • CB
    Replied
    Hi Mike. Thanks for the clear explanation. I will need to offload my HDB before i upgrade to a private property. When should i start marketing my unit if i would reach the MOP by 1 Nov 11? Which is more worthwile, buying new launches or a sub sale property? I heard from my friend that for sub-sale, other than the usual fees payable, i would need to pay the agent an additional 16%?
Calvin Wong
Replied
hi,

i have a perfect solution for hdb upgraders, which let you have a smooth transition.

Do call me for a discussion.

Regards,

Darryl ERA Read More
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Calvin Wong
Replied
hi,

i have a perfect solution for hdb upgraders, which let you have a smooth transition.

Do call me for a discussion.

Regards,

Darryl ERA Read More
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