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Hi, Profile: First-time buyer of any kind of residential property, SC, Single Monthly Income: ~ 8k CPF & Cash Savings: ~ 120K With a profile like this, is it realistic to purchase a 2-bedder (with study?) condo whether it be new or resale? Some numbers of existing prices of condos around the central area would be appreciated. Understand there is downpayment 20% (15% CPF and 5% Cash), no buyer's stamp duty (please confirm), legal fees (~3k?). 80% bank loan with a TDSR of 60% should not be a problem because there are no outstanding loans at the moment, though I do hope not to spend more than 30% of my monthly income servicing the mortgage loan. Any other hidden costs that I should be aware of before purchasing a private property? Thanks gurus.
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4 Answers

Dear buyer, The technicalities of your enquiry lies mostly on the financial aspect therefore the best person you should speak to first is a banker to do a profiling of your financial strength accordingly, where you are able to confirm how comfortable you are in your intended purchase based on the price range. Thereafter, you will probably then speak to 1 of us to find out a list of probable units that matches the financial profile of yours and work out which area will you zoom into for the home search. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** We have successfully concluded our Landed Homes Sales Exhibition on 22/23 February 2014. Huge thanks to our clients, we managed 3 transactions and 5 listings, registering more than 100 guests for the event. If you are looking to buy a landed home or looking for a landed home buyer, we have the solutions for you. Royal Wharf, London. A new prime waterfront township in central London awaits your attention. An excellent opportunity for investment in an ideal location on the River Thames in central London. Register your interest as soon as possible for your exclusive invitation to our exclusive event. https://www.facebook.com/media/set/?set=a.372619176213358.1073741861.284747148333895&type=1 Interested in other international projects? We have MORE opportunities for you. From neighbouring Malaysia to Philippines, Australia, France and US, we have these great opportunities for your investment. Call us to find out MORE! Read More
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YT Tan (陈永达)
Good afternoon buyer, With cash and cpf savings, you should be able to purchase a $522k property if you take into 20% downpayment and estimated 3% buyer stamp duty. With this budget, you should only be able to afford a 1 bedder in a new laucnh. If you need any assistance in property purchase, feel free to contact me. Cheers! YT Tan ECG Property 9111 5171  Yt.lovelyhomes@gmail.com Read More
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Hi Buyer, with what you just share. If you are considering a 2 bedrooms. You will only have options of new launches. Feel free to give me a call or drop me a sms at 91442664  for a more detailed discussion on your requirements. Look forward to assist you. Tricia Tan 91442664  Read More
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J.A. Goh 吴永益
Hi, you can go for a condo of $600K. At this budget, only suitable is new launches of 1-BR. Please sned me an email, so I can send you some launches at this budget for your reference. Best Regards, J.A.Goh, HP: 96390350  , Email: gohja@singnet.com.sg Read More
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