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Hi i like to know what type of houses i'm eligible to purchase since my gross pay per month average about $10k. I just started recently and don't have much cash yet. Since housing loans only cover 80%. Further more i need a house urgently as i already have children. Pls advise thank you.
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1 Answer

J.A. Goh 吴永益
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Dear Qis,

There are many various properties you can go for, since your monthly salary is about $10K.

Buying a private property will first require 5% cash upfront + Stamp Duty (pay in cash first and reimburse from your CPF later). Easily you must have 8% cash upfront (8% is provided your Stamp Duty is 3%, and you are a local. Foreigner will be 13% Stamp Duty). As you don't have much cash, maybe the available option is go for a rental unit first, then save enough for the 8% downpayment.

Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions. Alternatively, we can also meet up to discuss
at your convenient time and place.

Thank you & Best Regards
J.A.Goh
HP: 9639 0350 
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
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