7 Answers

Dear Buyer,
For you to be able to purchase a private condo/apartment, you must be able to pay at least 28% of the cost price of the property.
a. 5% cash downpayment
b. 20% cash + CPF
c. 3% BSD + legal fees around 3k

I need more details to give you an exact figure as you have not mentioned your cash on hnad etc. So, do contact me privately so that I can adivse you accordingly.

Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
www.goodpropertiesguide.com Read More
Robbie Chen Chee Howe

I would need more information from you before I can work out a more accurate figure.

Do you have any outstanding liabilities, like car loan, study loan, credit card loans etc? Also, how much cash do you have on hand for the downpayment?

I am experienced and well-versed in both HDB and private 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 Sir/Mdm,

If you do have any outstanding debts such as car loans etc, you should be able to secure a loan of up to about 830k. Taking into consideration your CPD amount and the cash savings you have, you should be in a comfortable position to purchase a condo.

Please feel free to contact me so that I can gather more information from you and draw up a financial plan for you!

Nick Tan
(M) +65 9644 4854 
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:

I have written a guide on buying Residential Property:

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“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.”
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“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

1) Your estimated loan is $760k by applying TDSR assessment.
2) Your available funds inclusive of your CPF for your purchase budget are ~$760k + $80k = $840k.
3) I'm afraid you can only consider a resale condo as in the current market, there is nothing that can fit your budget.
4) All loan from the bank maximum is 75% of Loan-To-Value (valuation value, not the selling price). Thus you have to prepare 5% cash, 20% cash, and/or CPF.
5) You also need to prepare for ~3% Buyer stamp duty and legal fees of $3k. Both can be paid using CPF is sufficient.
6) With your current CPF of $80k, if use this for 20%, meaning you can only consider keeping your budget around $400k.
7) I'm afraid you are not able to find any unit within $400k. Unless you have sufficient cash to top up the difference.
8) The current resale market for 1 bedroom unit is $550k and above.
9) The current new project market for 1 bedroom unit is $900k and above, and this type is usually sold off on the launch day.
10) Thus suggest you save a bit more before entering the property market.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK

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Hi Sir/Ms,

1) Assuming that you don't have any car loans, credit loans, or credit cards, based on your Total Debt Servicing Ratio (TDSR) , you can take up a max loan up to 765K for 30 years tenure.
2) Your max purchase is approximately around $1,020,000
3) For the Downpayment, usually its 5% cash and 20% CPF, so cash portion u need to come up with $51,000, CPF is $204,000
4) For properties above 1 mill, you need to pay 4% - $15,400 Buyer Stamp Duty, which is another $25,400. (Assuming you are a Singaporean buying your 1st property)
5) Legal Fees are around $3000
6) If you wipe out your CPF OA which is $80,000, you need to come out with extra $204,000 in terms of cash to pay for downpayment, buyer stamp duty and legal fees.
7) For the current New Launches, there are condos starting from 830k to 850k onwards.
8) For Resale, it can be as low as 550k to 600k onwards for studio bedroom units

Feel free to contact me for a discussion where ill give you an in-depth understanding on what you can afford in this current market sentiments.

Caleb Tang
Propnex Realty Pte Ltd
Senior Associate Marketing Director Read More