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Hi I am wondering if is is suitable for me to upgrade to condo from my current 5 room in Punggol that I bought for $205K? Flat balance is $118K and CPF used for flat for my wife and I is about $129K. Monthly HDB mortgage is $500 plus. Tks
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3 Answers

Hi Roland,

Assuming u sold ur Punggol at $450k. Net cash proceeds = $450k - $118k - $129k -9k(comm) = $194.

For condo, u need to have minimum 5% cash and 15% cpf assuming 80%loan is granted from the bank.

More imptly, is to consider the monthly instalments affordability for the condo based on your salary and also ur age.

Let me know if u need any clarifications.

Regards,
Brandon - 8233 23 23 Read More
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"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ABLE Toh>>9856 9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

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