AskGuru Q&A Community

Dear Sir/Mdm,

The loan that you are eligible for depends on your income. Based on your income, I will be able to help you estimate the loan that you are eligible for.

Together with your cash on hand and the CPF you have in your OA account, I will be able to determine a comfortable budget that you can look at and from there shortlist the projects that are suitable.

Please feel free to contact me so that I can run through the purchase process with you and highlight the potential pitfalls that you may want to take note of.

I am also available for discussion on Zoom during this period.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, as a new PR, you would not have much in the CPF OA for a start but you could still be able to utilise it for the purchase of housing. Pls also note that the ABSD would be applicable.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Loan assessment is based on your age and income, not using your CPF.

For a private condo purchase, assuming both you and your spouse are SPR, you will need to fork out the following:

- min 5% of purchase price in CASH
- 20% of purchase price in CPF (if insufficient, top up in CASH)
- BSD
- ABSD 5% (assuming both are SPR)
- legal fee approx $3k

The above is provided your age and income qualify you for 75% loan on the property.

To have a more detailed financial breakdown, please feel free to contact me for further discsussion.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

Yes you can use your CPF OA to fund the downpayment. The total funds (cash+CPF OA) and also the loan attainable will determine the purchase price of the property you should look at. For illustration

Assuming typical breakdown for example $900k purchase 2 bedroom unit as follows, assuming SPR 1st residential purchase, assuming max 75% home loan :

5% cash 45,000

20% cash/CPF OA 180,000

8% approx for stamp duties and legal fees 69,100 (can use CPF OA if sufficient)

Typically this total amount needs to be ready within 8 weeks of booking of unit

Max 75% home loan
($675k, 1.4%pa, 30 years, monthly $2297)

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More

Hi
I do need more information to advise you further on me. Only 5% cash downpayment is required and the rest such as another 20% deposit and stamp duty can be paid using CPF. I do provide 100% free service for purchase of private property from consultation, sourcing for units that match your requirement and budget, arranging for viewings, negotiation, ensuring you never pay for the unit too high above it's market value and handling the purchasing process. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Good evening Sir/ Mdm,

Do take note that bank will take your income for loan assessment instead of your CPF OA funds.

You mentioned you just turned SPR. How about your girlfriend/ spouse/ partner?

Do take note that SPR household will be subject to 5% additional buyer's stamp duty (ABSD) while if your partner is foriegner, it will be 20% ABSD.

If your spouse is a singaporean, IRAS will grant you ABSD remission (dont need to pay ABSD) as they will treat it as your MATRIMONIAL home.

Oh ya as you are a new SPR, do your spouse has any CPF OA funds on hand?

Cause bank loan is up to 75% so downpayment is at least 25%.

Has anyone work out your numbers before? Maybe I can help you guys with that then we see how can proceed from there?

Hear from you soon!
#staysafe

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
Quick link to whataspp: https://bit.ly/WAaskguru
(E): yt.tan91115171@gmail.com
(W): www.yttan.com

Follow me on:

IG: instagram.com/ytpropnex
FB: https://www.fb.com/yttanassetprogressor

-> Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack

Creative marketing (copy and paste URL) :
1) https://www.facebook.com/watch/?v=395750131215921
2) https://www.facebook.com/watch/?v=290515518310711

"Build Legacy, Comfortable Retirement"

*Transforming my clients' lives*
*Wont let your hard earned money to go into waste*
*Let your money works harder for you*

#sgrealestate #realestate #sg #sgproperty #property #privatehousing #landed #condo #apartment #publichousing #hdb #propnex #png #lawrenceteodivision #yttanassociates

Accolades:

Propnex Annual Convention 2019 - Top 3% individual producers
3rd Quarter 2018 - Top 2% individual producers
July 2018 - Top 1% individual producers
2nd Quarter 2018 - Top 3% individual producers
1st Quarter 2018 - Top 3% individual producers Read More

Hi Sir/Madam

I will be glad to assist

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Greetings from Ohmyhome!.

Buying a home is a huge investment that requires time, money and effort.

Let our professionals take care of your home buying journey from search, mortgage advisory, deal closing and all the way through to legal conveyancing.

Kindly contact us at 68869009  or WhatsApp us at 97551009  for more information.

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd Read More