AskGuru Q&A Community

Hi,

Are you an owner in your parent's HDB unit? If so, you have to meet the MOP before you can invest in condo. If you have met MOP or this condo is your 1st property purchase, sure with 7.5k gross monthly income and without other debt obligations, the loan you can qualify for + the 160K downpayment you have, will give you various 1BR and 2BR options. Will be glad to share with you some of the value-buys near MRTs.

Regarding the 2nd enquiry, may we discuss over email as I need more details to share more? Thanks and hope to understand your investment requirements further before value-adding.

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More

Good morning buyer!

Maybe you can share more information so I will be in a better position to advise you?

1) Are you a Singaporean or SPR? (ABSD might be involved)

2) As you mentioned this purchase will be your first property, I will assume you have no financial obligation or ownership in your parents' current property.

You can continue to stay with them and rent out the purchase as a investment property.

Btw have you consult any banker on in principle approval?

It will be best to have a valid IPA before house hunting. Why not let my banker advise you on it and we are good to go from there.

Hope to hear from you soon!

Enjoy your sunday!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Good day to you,

I understand that you are looking to purchase a property for investment and passive income. May I understand what are your requirements in greater detail so that I will be able to better advise you accordingly?

Look forward to hearing from you to better address your needs.

Best Regards,

Tan Han Wei Leonard
ERA Realty Network Pte Ltd
BSc Management (UOL)
www.leonardtan-property.com
Leonardtanhw@gmail.com
 9150 1162  Read More

Hi, I have a unit $750K, 2 bedrooms and around 700 sq.ft. suit your budget. Text me your email address and I will forward you the details and images. Of course, you can rent out this condo and stay with your parent. Nice unit. Thank you, Regards Vincent Ong DTZ, mobile: 97959813  , email: agentsworld2014@gmail.com. CEA reg: R052784C Read More

Hi, with your cash and CPF, the other component is the TDSR. I can recommend a good banker to assist you on the loan capacity.
I am reachable at my mobile.

CK Ang
 9046 3808 
PropNex Read More

Dear buyer,

The numbers you have provided definitely looks promising in your aspiration to purchase a private residential property to kickstart the whole investment process being your 1st property. As long as you are able to secure the housing loan for financing this property, you are able to purchase and rent out your private home while staying on with your parents in the HDB still. The only consideration perhaps will be in future when you plan to settle down and start your family, you may not be eligible to purchase a brand new HDB directly from the HDB due to your ownership of a private property and you will need to sell your private property should you decide to purchase a resale HDB based on the current regulations.

Give it a good thought and let me know how I may assist you further. Perhaps the very first step is to do a financial assessment on your loan eligibility before moving ahead. Get in touch with me soon.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now!

Thanks to all those who have attended our vastly successful even on 2nd and 3rd August 2014, M.O.R.E Landed Dynamic Alliance Landed Homes Sales Exhibition! Register your interest with me today if you are looking to attend our next edition of the Landed Homes Sales Exhibition. Read More