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Hi

Oh in your scenario, you should go for the deferred payment scheme with bridging loan. With sufficient CPF OA you should be able to get the unit. The total loan from bank has 2 components (home loan and bridging loan)

In your scenario you can bump up the home loan to about 840k based on extended home tenure of 29 years, but the minimum cash downpayment will be 10%

With your hdb, it can also be used to apply for deferred bridging loan, which is a separate loan from home loan, and will also bump up the total bank loan amount that can be used for the purchase.

If have sufficient cash funds, can also do show funds method to bump up the home loan as well.

I can assist to do a full calculation for you so you get the full picture for the transition.

Unfortunately Rivelle EC is fully sold out though, so not sure if you might be open to Coastal Cabana EC with available 4 bedroom units.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 home-owners to smoothly complete their housing plans over the years. Please reach out to me at (65) 9 7 4 3 2 3 9 5 for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng
ERA Senior Marketing Director
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New EC buyer Andy and Eileen

While we are searching for an agent to help us with purchasing a unit at Tenet new EC, we get to know Ivan from PropertyGuru. Initially we had issue with the funding. Ivan has been extremely patients with all our questions and ideas during financial planning.Our ballot queue is not in the front, however Ivan has always been able to propose options for us to eventually get a decent unit that both my wife and i liked.Being the first timer ourselves, there are always so many questions marks and unknowns. Yet Ivan has been the one single person that we can always rely on, be it financial, legal, or even renovation related. The follow-up is literally within a snap of finger - we could always expect an accurate reply within minutes. It's a short and eventful journey, we are really grateful that such an outstanding and committed agent like Ivan is aroun d to support & guide us along the way. A big THANK YOU to Ivan for the great effort and commitment. Read More

Hi, appreciate your sharing over PropertyGuru, best to check with banker first to determine the loan size before working out your future plan.
Looking forward to assist you at WhatsApp +65 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart
PropNex Senior Associate Division Director Read More