Asked by
Hi, newly married couple here, singaporean citizens. Both hubby (36yo) and me(26 yo) are looking for a 3 bedroom corner unit that is located within walking distance to tampines or simei mrt. Our total cpf is $53k. We have yet to own a property. As per hdb loan calculator, we are eligible for a $55k loan. Our combined income is $5k. Looking for a max 20 year hdb loan. Looking for a house with renovated kitchen, and toilets.
0
609 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

Hi

Noted your enquiry, you may want to write to gavin.ng@orangetee.com on the above as we will need further clarification

We will advise accordingly. Thanks

Regards
We will assist Read More
0
Afternoon,

Given your combined income of $5k, the HLE figures should be more than $55k. If this is really the case, you only have $108k worth of funding. 4 room flat corner unit in Tampines and Simei cost around $400k to $650k. This would mean that inclusive of housing grant, you will still need to prepare around $250k cash.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Johnson Koh (许铨权)
Hi, you can purchase an EC, but it is not in the area you mention.

do contact me if keen to know more.

Regards
Johnson,
 90479317  Read More
0
Hi there,

Thanks for your query!

Perhaps we could engage in an interactive discussion to derive more information on your requirements and objectives, so that I can assist in making an informed decision. As a first time buyer, you may be faced with a couple of complex issues; example- use of CPF for older/ matured leased HDBs in the city centre. As such, you may wish to work alongside a professional who will guide you step by step and ensure you are not short changed in any case. Your welfare is protected being represented. Sure you incur a slightly marginal cost, however, think about the thousands of dollars you can possibly save with the due diligence and negotiation skills of your agent. With possession to the latest and recent sales transactions in the block and vicinity and indicative valuations, you are equipped with the up to date information to press for your price. It is an one time investment with undoubtedly continuous returns having tapped into the weak market to leverage and obtain the best priced unit.

As a rule of thumb, it is always best to get your finances assured and secured to conduct the search appropriately. Perhaps I can link you to my banker who will assist you with the loan at no cost. I would also illustrate a financial cash computations/projections and financial breakdown calculations to assess which residential options will best suit your interest best.

Look forward to your reply!
D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group
2015 Feb/ April/May ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ Overall 2014 ERA Top Achievers Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions