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Hi there, I am 35 this year SPR, I would like to ask whether I can afford a 1 or 2 bedroom condo, or resale HDB (central/geylang area) Currently I have 56k CPF, salary about 4k per mth and no debts. Please advice me, thanks.
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5 Answers

YT Tan (陈永达)
Good morning buyer,

Great hearing from you!

As a single SPR, you are not eligible to purchase a resale HDB by yourself. You have to do so with a SPR (both of you must fulfil SPR status of 3 years each) or with a Singaporean.

Thus your alternative will be private property.

If you are able to obtain a 80% bank loan, your initial outlay will be as such:

1) 5% cash downpayment
2) 15% CPF/ cash downpayment
3) estimated 3% buyer's stamp duty
4) 5% additional buyer's stamp duty as SPR
5) misc fees like legal fees, stamp duty for mortgage, valuation fee etc.

For instance, you will need around $168k for a $600k property.

Hope my explanation helps!

If you need any assistance or advice in your property purchase, feel free to contact me. Cheers!

YT Tan
 9111 5171 
yt.lovelyhomes@gmail.com Read More
1
  • SJ
    Thanks Tan. Will contact you once i have that 168K soon.
Hi,
Hi,
Hi,

Ps Whatapp/Sms/call 91010511  for what better option in your home search to see whether can get any good deal.

Doris Tan 91010511 
Doris91010511@gmail.com
Associate Team Director
Propnex Realty Pte Ltd Read More
0
Hi,
Hi,
Hi,

Ps Whatapp/Sms/call 91010511  for what better option in your home search to see whether can get any good deal.

Doris Tan 91010511 
Doris91010511@gmail.com
Associate Team Director
Propnex Realty Pte Ltd Read More
0
Hi, you are only eligible for condo. For a 600K 1 bed room condo, the estimated upfront cost is around 170K (cash and CPF). This includes the 20% down payment + 8% SD. Please drop me an email for me to share the details.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
0
Hi,

You are eligible for private condominium only.
You could try a 1 bedder for a start.

Do contact me for a list of customised units according to your preference within your budget for your perusal.Furthermore, since you are not liable to pay me any agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2014 Overall Top Achievers
2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
2014 August ERA Top Achievers
2014 September ERA Top Achievers Read More
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