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Hi,

May I get my banking partners to assist you in getting an IPA? Which EC are you keen on? By the limited info you have shared, purchase may be possible depending on how much loan you can get. Your friend also has to meet MOP of 5 years before he/she can qualify, and must be unmarried Single 35years and above.

Thanks and hope to assist further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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Good morning buyer,

Can you share more information with me so I am in a better position to advise you further?

1) Has the HDB owner fulfill the applicable minimum occupation period of 5 years?

2) Both of you are Singaporean and above 35 years old?

3) How many bedrooms unit both of you are looking at? Any preferred location or specific projects you are looking at?

As you have to sell off the HDB within 6 months from new EC's key collection date, your max loan will be 80%.

Why don't let my banker advise you on the in principle approval first so you can gauge how much both of you can loan up to?

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More

Hi,

I believe you would have done some homework about the eligibility to purchase an EC. But in any case, I would like to share more with you on the process and work out the estimated finance plan.

As purchasing an EC uses Mortgage Servicing Ratio of 30% of your monthly gross income to calculate the amount of loan and the amount also depends on the age of both buyers, we will require more details before we can advice further.

For a 900k budget, you should be able to purchase a 3 bedroom unit in most EC developments.

In today's market, there are so many options available for you and it is important to know Why buy now and How to analyse a property before you make a decision. Purchasing a property is a major decision and I would like to share more with you.

Do contact me at 8777 7907  for a non-obligatory sharing.

Regards,
Vera Wang Read More

Hi,

Thanks for your query!
You are definitely well informed on the regulations with regards to an EC purchase, however, allow me to run you through the entire procedural framework, shed some insights and conduct the financial cash calculations involved in the process, at no obligation! Furthermore, NO agent fees is involved! Hence, my consultation and services comes at no cost, yet your interest and welfare is protected.

Perhaps you can share more on your requirements and budget so that I can advise on which project will best fit your property portfolio as I have dealt with many EC transactions in the past 2 months. There are numerous ECs with unsold units coupled with the fact that the next 6 months will witness EC new launches. My company is handling ALL the ECs in Singapore, hence I have the complete inventory of unit and pricing details with latest information of launch dates/ discounts etc.

It would be best to engage in an interactive discussion so that I can shed some insights to the EC market and offer a preliminary overview of highly sought after projects. This is to be followed by a price chart analysis of ECs island-wide AND compressive sales report with live sales transactions to aid your understanding. Purchase of an EC is an intricate process; not only limited to selection of units, but also primary focus on the utilization of CPF/ disbursement of funds etc.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

#1 team of ERA in Singapore, Asia Pacific International for 2014.

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Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

SG Hotline: +65 9222 2389 
MY Hotline: +60 111 078 8889
Email: Onassis@sgrealtor.com
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