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Hi To all property Gurus,

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I am Single and 38 years old.I am self employed and earning an annual income of 80k which is stated in my NOA.i have cash of 20k.

Question
May i know how much can the bank assist me in loan?Should i look for 3 rooms hdb flat or 4 rooms hdb Flat?Is 20k cash enough?

can any gurus guide me and please advice me where should i start?

Thank you
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2 Answers

Angela Chua 蔡斯琪
Replied
Hi Sean,

Feel free to contact me and I will explain in details with you.

Thank you.

Angela Chua
OrangeTee.com Pte Ltd
CEA Reg No: R007702C
H/P: 9323 3330  Read More
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Helen Goh
Replied
Dear Mr Chia,

The bank can loan up to 80% of valuation price, balance 15% is to be paid by cash/CPF and 5% by cash. Any COV would have to be paid by cash as well.

Do give me a call if you need further clarification. $20K may be insufficient if your CPF OA balance is not sufficient to pay for the 15% down payment. I could help you calculate a more accurate estimate based on your preferred location of the HDB.

Best Regards,
Helen Goh
ERA Realty Network Pte Ltd
CEA Reg No: R050102Z
HP: 98266048 
Email:helengoh.property@gmail.com Read More
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  • XC
    Replied
    Hi,I forgot to mention my cpf oa is about 100k.so may I knowcan I look for 4 room flat?

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