Hi MT,
Presently single Singaporeans under 35 years old are unable to purchase HDB flats, so if a HDB flat is your aim, either rent for 4 years and buy once you turn 35, or you'll need to form a family nucleus.
Otherwise, we'll be looking at private property.
With a loan of 80%, you'll need at least 5 % in cash, and 15% in Cash/CPF. Based on your stated amounts, we'll be working with a purchase price of up to $700k (factoring in legal fees, stamp duty, and inevitable costs of moving in and changing furniture etc)
In the resale market $700k is unlikely to net you a 2 bedroom. It is still possible at certain new launches, but that would involve a wait till it TOPs. Hence a 1-bedroom on the city fringes or outside central region (OCR) looks like your best bet.
Please contact me at
91807174
and I'll be happy to assist you. Thank you.
Leong BX
Orangetee
H/P:
91807174
bingxun.leong@orangetee.com
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