2 Answers

J.A. Goh 吴永益
Hi C.Y.,

Based on your cash and CPF, you can go for condo at $700K max.

1st 5% = Cash
Stamp Duty 3% - $5,400 = also cash and later reimburse from CPF
Next 15% = CPF
Balance 80% = bank loan

Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions.

Thank you & Best Regards
ERA Team Director
HP: 9639 0350 
Email: gohja@singnet.com.sg
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg Read More
Dear Ng,

According to your current financial status, I will advise you to consider making a purchase of a private condo of about $700k.

Taking into account the 1st 20% payment (cash+cpf), together with the stampy duty and legal fees, a $700k property will roughly require $160k in total for the initial monetary outlays.

Do take note of the recurring costs such as the monthly loan instalments and the maintenance fees of the condo.

If you are buying this property for investment, I can suggest a few projects which have 1-bedroom units selling for $700k and below. New projects have progressive payment schedule which means that your monthly loan instalment starts low and increase concurrently with the construction progress.

Do give me a call at 91443311  and we can discuss further on this topic. I am sure I can be of great help to you.

Thank you.

Darren Lim
Mobile: 91443311 
Email: darrenlim.era@gmail.com Read More