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Hi my wife and I live in an Executive Apartment in Sembawang. We have an outstanding loan of $180K,. We are interested in upgrading to an EC but aren't sure what our outlay needs to be and if we have enough cash to finance such a purchase. Our current combined salary is about $11K per month.
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Geryl Lim
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Hi Ravi,

Having an outstanding loan equates to you are eligible for 60% housing loan for your next residential property purchase based on the the valuation or purchase price whichever is lower. If you are interested to know the detailed financial outlay required, perhaps you may want to speak to a professional financial personnel for advise as they are in the best position to do so.

Timing of the sale and purchase is critical. I am assuming that you are selling your EA to purchase a privatised EC with consideration that you will require a roof over head.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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