AskGuru Q&A Community

Hi,

May I know are you using CPF to fund part of this $1mil? If so, it follows this funding sequence, cash -> CPF -> loan. Hence you have to come up with the cash first.

May I know which project are you considering?
For exact detailed breakdown of when and what to pay, please give me a call at 97432395  to discuss. Will be glad to share a detailed breakdown of the financial planning and how best to approach this. Thanks and hope to understand your requirements further and value-add better to your plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi buyer,

I'd assume you have 15% from your cpf ($150k) for the downpayment.

In this case, I'd suggest you settle the upfront all in cash, including your BSD.

1st progressive payment usually starts about 6-9 months later (10%), and another payment 6-9 months later, where your mortgage kicks in.

I'm suggesting this because there's a chance that the interest generated by leaving your funds in the OA is higher than the mortgage interest rates, hence you'd be paying less interest this way.

Hope this answers your question. Feel free to contact me for a more in-depth analysis.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Hi,
You have to pay the $350k before the loan disbursement ($450k). Since you mention that you are going for a new launch, the payment would be progressive depending on the construction progress of the project. As such, you will not pay $350k in one lump sum as it will be on progressive subject to schedule of payment.

Do let me know what are you consideration for purchasing an apartment so that i could shortlist suitable unit for your consideration. Meanwhile i could also share a detailed breakdown of the financial planning. Thank you and hear from you soon.

Regards,
Kelvin Chen
ERA Associate Division Director
 84282282 
kelvinchen.era@gmail.com Read More

Hi there
Feel free to reach me via 91442664  for a detailed financial plan and timeline discussion.
Look forward to hear from you.
Tricia Tan
 91442664  Read More

Hi, it will not be so fast and only at the later stage of the time frame. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Good evening buyer,

I will love to value add in your property purchase.

By the way in fact the lump sum payment of $350k will depends on the progressive payment schedule.

If you purchase a new launch, it might take awhile to utilise this amount.

But if you are purchasing those under construction balance units, you have to pay it soon.

It will be better for you to share more about the project you are keen in so I will be able to assist and advise you further.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi Sir,

May I know which particular project are you keen on? The progressive payment depends on the state and progress of the construction and differs from projects to projects.

Do let me know the particular project you are looking to buy and I can better advise you when do you need to utilise the lump sum of $350,000.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015/2016)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.

We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought through Nick) Read More