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Good morning,

You should be able to afford a property that is worth up to $1m if you have finances up to $230k (cpf/ cash). This is based on the assumption you are a Singaporean buying first residential property.

Do take note that this purchase will only be successful if you can obtain 80% bank loan subject to total debt servicing ratio (TDSR).

Let's assume you purchase a developmer unit.

Usually the whole process is around 8 weeks.

You pay 5% cash to book an unit (option grant date) and kick starts 2 weeks option period. Developer will send the sales and purchase (S&P) agreement within option period.

Upon receipt of S&P agreement, you will have to exercise it at law firm within 3 weeks (exercise date).

Once exercise, stamp duties is payable within 2 weeks from exercise date.

Thereafter you have to pay the balance on completion date (8 weeks from option grant date).

Hope my sharing aids in your property needs. May I know how can I value add further in your purchase?

"Your Freehold Ally, Leasehold Tactician"

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

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Hi

We will need more information from you in order that we may calculate your affordability level.

You may write to gavin.ng@orangetee.com and we will advise you on procedure and projects after an understanding of your requirements.

Regards

Gavin Read More

Hi,

It depends on the amount of loan you can attain. Typical breakdown for SC 1st residential purchase as follows:

Cash 5%
Cpf OA 15%
Max bank loan 80%
Stamp duties and legal fees approx 3% (if property is $1m and below)

Based on the cash+CPF OA figures shared, you can consider up to a $1m property, if the bank loan attainable is 80%.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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(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! ** Read More

Hi there,

Cash outlay , considering SC + 1st property :
Cash 5%
Cpf OA 15%
Max bank loan 80%
Stamp duties and legal fees approx 3% (if property is $1m and below). Based on the rough figures, you can consider up to a $1m property, if the bank loan attainable is maximum at 80%.

You may want to engage an agent considering the fact that there is no agent fees for private property purchase. What you get in return is all shortlisting of units , arranging viewings, negotiation , paperwork, legal/admin processing and financial calculations & timeline all planned and executed for you, at no cost!
In my added services, i also do compute and share past and present transaction caveats, illustration of price analysis as well as churning a customised sales report with projected returns/ future approx capital gains % for my clients to observe and understand the value and residential capital appreciation yield. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

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Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi

Insufficient information to calculate TDSR and the amount of bank loan you can obtain.

As a norm.
5% of property price (down payment)
15% (cash or cpf)
80% loan. Subject to tdsr
Misc fees.
Buyer stamp duty 3%
Lawyer fees estimate 3k

Based on your current 30k cpf. Unlikely to be able to do a 15%. Most likely cash portion will be involved.

Will need to meet up to really look into the financing portion before before can work out a Budget and recommendation.

Do drop me a line for a non obligatory meet up.

Shawn
 90294371 
Shawnchewproperties@gmail.com
www.shawnchew.com Read More

Hi,

Based on your funds on hand, you may be able to purchase up to $1m property.

This is provided your TDSR allows you to loan up to 80% ($800k). Your existing Cash and CPF is sufficient to cover for the 20% downpayment and stamp duty.

Before I recommend you any properties, may I first know if you're looking to purchase for your own stay or for investment rental purpose? This is a very important question as it will determine which property should you really go for.

Should you need any 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

Dear Sir/Mdm,

I think you are in a good financial position to purchase a property. The first step is to come up with a budget that you can comfortably afford so as not to over stretch yourself. A check with a banker will enable you to find out how much you can borrow and how much the estimated monthly mortgage of the loan.

You will also have to shortlist the possible locations (most important) and whether you are keen to purchase new or resale units. The payment schedule is similar and you will need a min cash outlay of 5% of the purchase price.

Please feel free to contact me so that I can understand your needs and objectives further before I can give you more informed recommendations!

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:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

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